Mercator Acquisition Corp. filed its 10-Q for the period ended June 30, 2026.
No target identified. No revenue. Net loss $72,125 for the six months; accumulated deficit $97,323.
Balance sheet at quarter-end: $660,231 total assets (mostly deferred offering costs), $732,554 current liabilities including $200,575 promissory note to sponsor.
July 8, 2026 registration statement effective. July 10, 2026 IPO closed: 17,250,000 units at $10.00, gross proceeds $172,500,000 with full 2,250,000-unit over-allotment.
Simultaneous private placement: 4,500,000 warrants at $1.00 each for $4,500,000 to sponsor and Clear Street LLC. $172,500,000 placed in trust.
Post-close capitalization: 17,250,000 Class A and 5,750,000 Class B shares outstanding. 18-month completion window implied by standard terms.
Pulse Impact
- Previous Pulse: 52
- New Pulse: 51
- Change: –1
- Driver: 10-Q read as a slower or weaker beat, so Pulse fell.
Mercator Acquisition Corp. Form 10-Q (2026-08-25)
Not investment advice. Facts taken from the company’s Form 10-Q.