Indigo Acquisition Corp. Reports $62,889 Net Loss for Quarter Ending June 30, 2025

Indigo Acquisition Corp. has reported its financial results for the quarter ending June 30, 2025, revealing a net loss of $62,889 for the three-month period and a total net loss of $197,509 for the first half of the year. This marks a significant increase in losses compared to the same period in the previous year, where the company reported a net loss of $16,532 from its inception on June 7, 2024, through June 30, 2024. The losses for the current period were primarily attributed to formation and operating costs totaling $88,759, along with share-based compensation expenses of $108,750.

The company has not yet commenced operations and has not generated any revenue, as its activities have been limited to organizational efforts and preparations for its Initial Public Offering (IPO). Indigo Acquisition Corp. successfully completed its IPO on July 2, 2025, raising gross proceeds of $100 million from the sale of 10 million units at $10 each. Additionally, the company raised $3.5 million from the sale of 350,000 Private Placement Units to its sponsor and underwriters. Following the IPO, the company also executed an over-allotment option, generating an additional $15 million from the sale of 1.5 million units.

As of June 30, 2025, Indigo Acquisition Corp. reported total assets of $316,940, which included $5,771 in cash and $311,169 in deferred offering costs. The company’s liabilities increased significantly to $419,381, primarily due to accrued expenses and a promissory note from related parties amounting to $175,000. The shareholders' deficit also widened to $102,441, reflecting the company's ongoing operational costs and losses.

In terms of operational metrics, the company has maintained a consistent number of ordinary shares outstanding at 2,875,000 since its inception, with no shares issued or outstanding subject to forfeiture following the full exercise of the underwriters' over-allotment option. The company is classified as a smaller reporting company and an emerging growth company, which allows it to take advantage of certain regulatory exemptions. Looking ahead, Indigo Acquisition Corp. plans to utilize the funds held in its Trust Account, totaling $115 million, to pursue a business combination, although there is no assurance that such a transaction will be successfully completed. The management team remains focused on identifying suitable target companies for acquisition, with the expectation of incurring significant costs in the process.