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Acquisition Swings to Q2 FY26 Net Income of $890,986 from Net Loss of $10,421 a Year Earlier","url":"https://stock-news.laohu8.com/highlight/detail?id=2659211044","media":"Reuters","labels":["dataReport","express"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2659211044?lang=en_us&edition=fundamental","pubTime":"2026-08-14 18:01","pubTimestamp":1786701704,"startTime":"0","endTime":"0","summary":"LaFayette Acquisition swings to Q2 FY26 net income of $890,986 from net loss of $10,421 a year earlierLaFayette Acquisition posted net income of USD 890,986 for the quarter ended June 30, 2026, 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income of USD 839,928 for quarter ended March 31, 2026, swinging from no net income or net loss a year earlier.Interest earned on marketable securities held in Trust Account totaled USD 1.02 million, offset by formation, general and administrative costs of USD 182,660.Net cash used in operating activities was USD 204,170.Trust Account held USD 115 million, funded by USD 115 million in gross proceeds from 11,500,000 IPO units priced at USD 10 and USD 3.8 million from 380,000 private placement units.Management flagged substantial doubt about going concern, citing expected ongoing acquisition-related costs and a July 27, 2027 deadline to complete an initial business combination.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. 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Net income swung to profit from a loss in the prior period. The blank-check company said it had no operating revenue and has not engaged in operations, with activities focused on organizational work, preparing for its IPO and identifying a target for a business combination. LaFayette said it raised USD 115.00 million in gross proceeds from its IPO and USD 3.80 million from the sale of private placement units, and placed USD 115.00 million into its trust account. Net cash used in operating activities was USD 0.35 million for FY 2025.","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260311:nNDL1pKdVx:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["LAFA"],"isVideo":false,"video":null,"gpt_icon":0}],"pageSize":4,"totalPage":1,"pageCount":1,"totalSize":3,"code":"91000000","status":"200"}],"@#url:\"https://hq.skytigris.cn/market/plate/belongs/LAFA\",params:#limit:6,delay:false,,,undefined,":[]}}