X3 Acquisition Corp. Reports $1.84 Million Net Income for Quarter Ending June 30, 2026

X3 Acquisition Corp. Ltd. reported its financial results for the quarter ending June 30, 2026, revealing a net income of $1.84 million for the three-month period and $2.76 million for the six months ended June 30, 2026. The income primarily stemmed from interest earned on marketable securities held in the Trust Account, which amounted to $2.00 million and $3.49 million for the respective periods. General and administrative expenses totaled $158,940 for the quarter and $380,374 for the half-year, contributing to a loss from operations of $158,940 and $380,374, respectively.

The company experienced significant changes compared to the previous fiscal period, particularly in its balance sheet. As of June 30, 2026, total assets were reported at $229.72 million, a decrease from $247.56 million at the end of 2025. This decline was largely due to the reclassification of Class A ordinary shares subject to possible redemption, which increased to $228.49 million from zero at the end of the previous year. Current liabilities also decreased to $228,724 from $291,763, reflecting a reduction in operational costs and accrued expenses.

Strategically, X3 Acquisition Corp. has focused on its Initial Public Offering (IPO), which was completed on January 22, 2026, generating gross proceeds of $200 million from the sale of 20 million units. An additional 2.5 million units were sold on January 26, 2026, through an over-allotment option, bringing in an extra $25 million. The company also sold 5 million private placement warrants to its sponsor for $5 million. As of June 30, 2026, the company had $644,214 in cash and $228.49 million in marketable securities held in the Trust Account, which are intended to be used for a future business combination.

Operationally, X3 Acquisition Corp. has not yet commenced any business operations, as it is still in the process of identifying a target for its business combination. The company has not generated any operating revenues and does not expect to do so until after completing a business combination. The management has indicated that they may need to raise additional capital to meet working capital needs and finance transaction costs related to a potential business combination. The company’s liquidity condition raises substantial doubt about its ability to continue as a going concern for the next year, although management plans to address this through a successful business combination.

Looking ahead, X3 Acquisition Corp. aims to complete its initial business combination within the designated completion window. However, there is no assurance that the company will be able to consummate any business combination by the end of this period. The management has expressed intentions to utilize the funds in the Trust Account for this purpose, while also considering the potential need for additional financing to support ongoing operations and strategic initiatives.