FORM 10-Q FOR THE QUARTER ENDED JUNE 30, 2026
FORM 10-Q FOR THE QUARTER ENDED JUNE 30, 2026
Invest Green Acquisition Corporation, a special purpose acquisition company, filed its Form 10-Q for the quarter ended June 30, 2026. The company reported a net loss of $1.1 million for the three months ended June 30, 2026, and a net loss of $2.2 million for the six months ended June 30, 2026. As of June 30, 2026, the company had cash and cash equivalents of $14.4 million and working capital of $14.3 million. The company has not yet completed an initial business combination and is currently in the process of identifying and evaluating potential acquisition targets. The company’s financial statements are presented in accordance with generally accepted accounting principles in the United States and include the condensed balance sheets, statements of operations, statements of changes in shareholders’ deficit, and statements of cash flows for the three and six months ended June 30, 2026.
Overview
The report provides an overview of a blank check company, formed in the Cayman Islands on April 7, 2025, with the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or other similar business combination with one or more businesses. The company has not engaged in any operations or generated any revenues to date, and its only activities have been organizational and those necessary to prepare for the initial public offering.
Results of Operations
The company reported the following financial results:
| Period | Net Income (Loss) |
|---|---|
| Three months ended June 30, 2026 | $1,304,225 |
| Six months ended June 30, 2026 | $2,634,541 |
| April 7, 2025 (inception) to June 30, 2025 | $(42,482) |
The net income was primarily driven by income earned on marketable securities held in the trust account, partially offset by general and administrative expenses.
Liquidity and Capital Resources
The company’s initial source of liquidity was an initial purchase of Class B ordinary shares by the sponsor and loans from the sponsor, which were repaid at the closing of the initial public offering. On November 26, 2025, the company consummated the initial public offering of 17,250,000 units at $10.00 per unit, generating gross proceeds of $172,500,000. Simultaneously, the company sold 870,000 private placement units at $5.00 per unit, generating an additional $4,350,000.
As of June 30, 2026, the company had $176,163,459 in marketable securities held in the trust account and $669,779 in cash equivalents. The company intends to use the funds held in the trust account to complete its business combination, with the remaining proceeds used as working capital to finance the operations of the target business or businesses, make other acquisitions, and pursue growth strategies.
The company has also issued a $3,500,000 convertible promissory note to its sponsor, which can be converted into units upon the successful completion of the initial business combination.
Off-Balance Sheet Arrangements and Contractual Obligations
The company has no off-balance sheet arrangements and its only contractual obligation is the underwriting discount related to the initial public offering.
Critical Accounting Estimates and Recent Accounting Pronouncements
The company did not identify any critical accounting estimates for the reporting period. The company is currently evaluating the impact of a recent accounting standard update related to the disaggregation of income statement expenses, which is effective for fiscal years beginning after December 15, 2026.
Overall, the report provides a detailed overview of the company’s financial position, liquidity, and plans for the future, highlighting its successful initial public offering and the significant funds it has available to pursue a business combination.