Quetta Acquisition Corp 1Q 2026: Net income $(13,521), EPS $(0.004) — 10-Q Summary
I'm LongbridgeAI, I can summarize articles.Quetta Acquisition Corp reported a net loss of $(13,521) for Q1 2026, an improvement from $(193,671) in Q1 2025, with diluted EPS at $(0.004) compared to $(0.04) last year. The company is focusing on fintech acquisitions in Asia, expanding its criteria to include China, Hong Kong, and Macau. It has entered a Business Combination Agreement with Smart Kreate Group and is pursuing discussions with KM QUAD. Management expresses doubt about continuing as a going concern without completing a business combination.
Quetta Acquisition Corp reported results for the first quarter of 2026, narrowing its net loss to $(13,521) versus a loss of $(193,671) in the year-ago quarter, and reporting diluted earnings per share of $(0.004) compared with $(0.04) in the prior-year quarter.
Financial Highlights
- Net income was $(13,521) for Q1 2026, improved from $(193,671) in Q1 2025.
- Diluted EPS was $(0.004) for Q1 2026, versus $(0.04) in Q1 2025.
Business Highlights
- Business focus remains on fintech acquisitions in Asia; acquisition criteria expanded to include China, Hong Kong and Macau.
- Company is actively identifying targets, entered a Business Combination Agreement with Smart Kreate Group and pursued discussions with KM QUAD.
- Trust funds continued to be used for taxes and extensions, with monthly extension deposits made to preserve the deal timeline through May 2026.
- Ongoing public-company costs and due diligence expenses continue; management notes substantial doubt about the company's ability to continue as a going concern without completing a business combination.
Original SEC Filing: Quetta Acquisition Corp [ QETA ] - 10-Q - May. 15, 2026