Indigo Acquisition Corp. has reported its financial results for the quarter ending September 30, 2025, revealing a net income of $1,013,198, a significant increase compared to a net loss of $16,532 for the same period in the previous year. The company, which was formed to pursue a business combination, generated this income primarily from interest earned on marketable securities held in a trust account, amounting to $1,165,212. For the nine months ended September 30, 2025, the net income totaled $815,689, reflecting a notable shift from the previous year's loss.
The company’s total assets as of September 30, 2025, stood at $117,068,727, a substantial increase from just $2,263 at the end of 2024. This growth is largely attributed to the successful completion of its Initial Public Offering (IPO) on July 2, 2025, where it raised $100 million by selling 10 million units at $10 each. Additionally, the company raised $3.5 million from the sale of private placement units and $15 million from an over-allotment option exercised by underwriters. The total amount held in the trust account reached $116,165,212, which is earmarked for future business combinations.
Operationally, Indigo Acquisition Corp. has not yet commenced any business activities, as its focus remains on identifying potential targets for acquisition. The company reported a total of 14,755,000 ordinary shares outstanding as of November 13, 2025, with 11,500,000 shares subject to possible redemption at a value of $10.10 per share. The company has incurred formation and operating costs of $241,360 for the nine months ended September 30, 2025, which includes share-based compensation expenses of $108,750.
Looking ahead, Indigo Acquisition Corp. has until April 2, 2027, to complete its initial business combination. The management has expressed confidence in its ability to identify and execute a successful acquisition, although there is no assurance that a business combination will be completed within the specified timeframe. The company has acknowledged that its liquidity condition raises substantial doubt about its ability to continue as a going concern if it fails to complete a business combination by the end of the combination period. As of the end of the reporting period, the company had cash of $717,051 available for operational needs.
About Indigo Acquisition Corp.
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