Freedom Metals Acquisition Corp. filed its first 10-Q on August 21, 2026 for the quarter ended June 30, 2026.
Incorporated February 25, 2026 as a Cayman Islands blank check company with no target identified. No revenue generated. General and administrative costs drove $41,881 net loss for the three months and $59,501 from inception.
Balance sheet at June 30 showed $9,121 cash, $280,356 total assets, and $314,857 total liabilities including a $200,296 related-party promissory note.
Shareholder deficit stood at $34,501. Class B shares: 10,541,667 issued and outstanding, subject to later forfeiture adjustment.
Subsequent to period end, on July 9, 2026 the company closed its IPO of 27,500,000 units at $10.00 per unit for $275,000,000 gross proceeds plus 825,000 private placement units for $8,250,000. $275,000,000 placed in trust. Over-allotment option forfeited; 1,375,000 founder shares surrendered.
Pulse Impact
- Previous Pulse: 52
- New Pulse: 51
- Change: –1
- Driver: 10-Q read as a slower or weaker beat, so Pulse fell.
Freedom Metals Acquisition Corp. Form 10-Q (2026-08-21)
Not investment advice. Facts taken from the company’s Form 10-Q.