BM Acquisition Corp. filed a Form 10-Q with the SEC on November 13, 2026, covering the quarterly period ended September 30, 2026, disclosing its financial position as a blank check company incorporated in the Cayman Islands that had not yet commenced operations.

Key Highlights

  • No operations commenced: According to the filing, "On September 30, 2026, the Company had not yet commenced any operations."
  • Net loss for Q3 2026: The company reported a net loss of $4,000 for the three months ended September 30, 2026, and a net loss of $33,081 for the nine months ended September 30, 2026.
  • Accumulated deficit: As of September 30, 2026, the company reported an accumulated deficit of $121,269 and total shareholders' deficit of $96,269.
  • Shares outstanding: As of November 13, 2026, the company had 1,724,999 Class A ordinary shares and 1 Class B ordinary share outstanding.
  • Related-party promissory note: The promissory note owed to a related party totaled $756,272 as of September 30, 2026, up from $627,864 at December 31, 2025.
  • Deferred offering costs: Deferred offering costs stood at $635,633 as of September 30, 2026, compared to $590,001 at December 31, 2025.
  • Shell company status: The registrant indicated it is a shell company as defined under Rule 12b-2 of the Exchange Act.

BM Acquisition Corp. Financial Position as of September 30, 2026

BM Acquisition Corp., a blank check company incorporated in the Cayman Islands on May 9, 2025, filed its quarterly report disclosing financial results for the period ended September 30, 2026. According to the filing, the company was formed "for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses." The company disclosed that it intends to focus on industries that complement its management team's background, though no specific target has been identified.

The filing reported total assets of $660,633 as of September 30, 2026, consisting of $25,000 in cash and $635,633 in deferred offering costs. Total current liabilities were $756,902, made up of $630 in accrued offering costs and a related-party promissory note of $756,272. The company's operating costs for the nine months ended September 30, 2026 were reported entirely as "formation and operating costs" of $33,081, all of which the filing states were paid by the Sponsor under the promissory note. Cash remained flat at $25,000 at both the beginning and end of the nine-month period, with net cash provided by both operating and financing activities reported as zero.

The company disclosed that 225,000 of the Class A ordinary shares are subject to forfeiture to the extent that the underwriters' over-allotment option is not exercised in full or in part. The weighted average shares used to calculate basic and diluted net loss per ordinary share was 1,500,000, excluding those 225,000 shares subject to forfeiture. The basic and diluted net loss per ordinary share for the nine months ended September 30, 2026 was $(0.02). The filing identified the company as an emerging growth company and a smaller reporting company.

What Was Disclosed

BM Acquisition Corp. disclosed its unaudited financial statements for the quarter ended September 30, 2026, showing no operations commenced, a total shareholders' deficit of $96,269, deferred offering costs of $635,633, and a related-party promissory note balance of $756,272.