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Evolution Global Acquisition net income rises to $1.95 million in Q1 FY26
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Evolution Global Acquisition net income rises to $1.95 million in Q1 FY26
  • Evolution Global Acquisition posted net income of USD 1.95 million for three months ended March 31, 2026, driven by USD 2.12 million of interest earned on investments held in Trust Account, partly offset by USD 169,071 of operating costs.
  • Cash used in operating activities totaled USD 109,835, with changes in operating assets and liabilities using USD 59,236.
  • Investments held in Trust Account rose to USD 243.33 million, including USD 3.33 million of interest income, held in U.S. Treasury Bills with maturities of 185 days or less.
  • Cash and cash equivalents outside the Trust Account stood at USD 1.01 million, earmarked primarily for target identification, due diligence, and business combination execution.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Evolution Global Acquisition Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-054783), on May 12, 2026, and is solely responsible for the information contained therein.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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