Cal Redwood Acquisition Corp. filed its quarterly report on Form 10-Q for the quarter ended June 30, 2026, with the SEC on August 17, 2026, disclosing financial results and balance sheet data for the blank-check company listed on NASDAQ:CRA.

Key Highlights

  • Trust Account Balance: Cash and investments held in the Trust Account totaled $239,776,741 as of June 30, 2026, up from $235,633,565 at December 31, 2025.
  • Net Income: The company reported net income of $1,725,848 for the three months ended June 30, 2026, and $3,643,470 for the six months ended June 30, 2026.
  • Redemption Value: 23,000,000 Class A ordinary shares subject to possible redemption carried a redemption value of $10.43 per share as of June 30, 2026.
  • Shareholders' Deficit: Total shareholders' deficit was $(8,641,676) as of June 30, 2026, compared to $(8,141,970) at December 31, 2025.
  • Shares Outstanding: As of August 17, 2026, there were 23,660,000 Class A ordinary shares and 7,665,900 Class B ordinary shares issued and outstanding.
  • General and Administrative Expenses: G&A expenses were $383,145 for Q2 2026 and $515,257 for the six months ended June 30, 2026.

Cal Redwood Acquisition Corp. Q2 2026 Financial Position and Results

According to the filing, Cal Redwood Acquisition Corp. (NASDAQ:CRA), a Cayman Islands-incorporated blank-check company headquartered in Menlo Park, California, reported total assets of $240,732,895 as of June 30, 2026. The largest component was the Trust Account, which the filing disclosed held $239,776,741. The company completed its Initial Public Offering on May 27, 2025, selling 23,000,000 Units, including 3,000,000 Units sold pursuant to the full exercise of the underwriters' over-allotment option.

For the three months ended June 30, 2026, the company reported earnings on investments held in the Trust Account of $2,101,551, which was the primary driver of total other income of $2,108,993 for the quarter. Interest income from the operating bank account contributed $7,442. After accounting for a loss from operations of $(383,145), the company recorded net income of $1,725,848 for the quarter. Basic and diluted net income per redeemable Class A ordinary share were both $0.06 for Q2 2026, and $0.12 for the six months ended June 30, 2026, according to the filing.

The filing disclosed total liabilities of $9,597,830 as of June 30, 2026, which included a deferred underwriting fee payable of $9,200,000. Current liabilities totaled $397,830, consisting primarily of accounts payable and accrued expenses of $346,536, amounts due to affiliates of $50,993, and a promissory note to a related party of $301. Cash on hand stood at $821,425 as of June 30, 2026, compared to $1,096,942 at December 31, 2025. The company is classified as a smaller reporting company and an emerging growth company, and confirmed its status as a shell company in the filing.

What Was Disclosed

Cal Redwood Acquisition Corp. disclosed its unaudited condensed financial statements for Q2 2026, covering balance sheet data, income results, and share counts. The Trust Account grew to $239,776,741, and the per-share redemption value of Class A ordinary shares subject to possible redemption rose to $10.43.