Wintergreen Acquisition Corp. Reports Q2 2026 Financial Results with Significant Net Income Increase

Wintergreen Acquisition Corp. has reported its financial results for the second quarter of 2026, revealing a net income of $369,816 for the three months ending June 30, 2026, compared to a net income of $113,309 for the same period in 2025. For the first half of 2026, the company recorded a net income of $741,521, a significant increase from $38,152 in the prior year. The increase in income is attributed primarily to a rise in income earned on marketable securities held in the Trust Account, which amounted to $1,012,559 for the six months ended June 30, 2026, compared to $203,822 for the same period in 2025.

The company’s total assets as of June 30, 2026, were reported at $59,510,902, a slight increase from $58,753,226 at the end of 2025. Current assets saw a notable rise, primarily due to the reclassification of marketable securities held in the Trust Account, which totaled $58,438,195 as of June 30, 2026. This reclassification reflects the upcoming mandatory redemption date of May 30, 2027, which is within one year from the balance sheet date. The company’s cash position decreased to $1,028,051 from $1,324,992 at the end of 2025, while current liabilities increased slightly to $132,000.

In terms of operational developments, Wintergreen Acquisition Corp. has not yet commenced any operations since its inception. The company is focused on completing its initial business combination, which is expected to occur with KIKA Technology Inc. The merger agreement, announced on November 17, 2025, values KIKA at $80 million, and the transaction is subject to customary closing conditions, including shareholder approvals. The company has until May 30, 2027, to complete this business combination, or it will face mandatory liquidation.

The company’s operational expenses for the second quarter of 2026 totaled $145,426, up from $84,613 in the same quarter of 2025. This increase is attributed to higher formation and operating costs, as well as administrative fees. The company has also reported a loss from operations of $145,426 for the second quarter of 2026, compared to a loss of $84,613 in the prior year. The increase in expenses reflects the ongoing costs associated with preparing for the business combination and maintaining compliance as a public entity.

Looking ahead, Wintergreen Acquisition Corp. has expressed confidence in its ability to complete the business combination with KIKA Technology Inc. by the deadline. However, management has acknowledged that there is substantial doubt about the company’s ability to continue as a going concern if the business combination is not consummated by the specified date. The company plans to utilize the proceeds from its initial public offering and private placement to fund the acquisition and cover operational expenses, while also preparing for potential additional financing needs.