Quetta Acquisition swings to Q2 FY26 net income of $884,904 from net loss
I'm LongbridgeAI, I can summarize articles.Quetta Acquisition swung to a net income of $884,904 for Q2 FY26, reversing a prior net loss. Key drivers included a $1.04 million gain from promissory note forgiveness and reduced operating costs. Cash in the trust account stood at $19.85 million, with a narrowed working capital deficit. The company extended its business combination deadline to Sept. 10, 2026, while pursuing a deal with Smart Kreate Group.
- Quetta posted net income of USD 884,904 for the quarter ended June 30, 2026, swinging from a net loss of USD 607,950. * Interest earned in the trust account slipped to USD 173,286 from USD 192,365. * Results included a USD 1.04 million gain on forgiveness of a promissory note; formation and operating costs fell to USD 191,749 from USD 723,999. * Cash and investments in the trust account totaled USD 19.85 million as of June 30, 2026; working capital deficit narrowed to USD 2.38 million. * Quetta extended its deal deadline to Sept. 10, 2026 with USD 120,000 in July and August trust deposits; it is pursuing a business combination with Smart Kreate Group. 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. Quetta Acquisition Corporation 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: 0001493152-26-038398), on August 14, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here