Helix Acquisition Corp. III filed its Form 10-Q for the quarter ended June 30, 2026 with the U.S. Securities and Exchange Commission on August 14, 2026, reporting financial results following its January 2026 initial public offering.

Key Highlights

  • IPO completed: The company consummated its Initial Public Offering on January 26, 2026, selling 17,250,000 Class A ordinary shares, including 2,250,000 shares pursuant to the full exercise of the underwriters' over-allotment option.
  • Trust Account balance: Investments held in Trust Account totaled $175,054,966 as of June 30, 2026, compared to $0 at December 31, 2025.
  • Net income: The company reported net income of $1,334,048 for the three months ended June 30, 2026, and $2,175,021 for the six months ended June 30, 2026.
  • Redemption value: 17,250,000 Class A ordinary shares were subject to possible redemption at $10.15 per share as of June 30, 2026.
  • Shareholders' deficit: Total shareholders' deficit stood at $(2,936,480) as of June 30, 2026.
  • Shares outstanding: As of August 14, 2026, there were 17,747,500 Class A ordinary shares and 4,312,500 Class B ordinary shares issued and outstanding.

Helix Acquisition Corp. III: Post-IPO Financial Position and Q2 2026 Results

Helix Acquisition Corp. III (NASDAQ:HLXC), a blank check company incorporated in the Cayman Islands and managed from Boston, Massachusetts by Cormorant Asset Management, LP, reported its first full quarter of operations following its January 26, 2026 IPO. According to the filing, the company raised proceeds that are now held in a Trust Account valued at $175,054,966 as of June 30, 2026. Total assets reached $177,485,487 at the end of the quarter, up from $307,337 at December 31, 2025.

The company disclosed general and administrative expenses of $152,792 for the three months ended June 30, 2026, and $379,945 for the six-month period. Interest earned on investment securities held in the Trust Account was $1,486,840 for the quarter and $2,554,966 for the six months ended June 30, 2026, which drove net income for both periods. Basic and diluted net income per share was $0.06 for Class A ordinary shares for the three months ended June 30, 2026, and $0.11 for the six-month period, according to the filing.

The filing also disclosed a deferred underwriting fee payable of $5,175,000 and accrued offering costs of $76,777 as of June 30, 2026. The company sold 497,500 Private Placement Shares during the first quarter, generating $4,975,000. The accumulated deficit increased to $(2,936,961) by June 30, 2026, from $(51,482) at December 31, 2025, reflecting accretion adjustments for Class A ordinary shares to their redemption amount. The filing indicates the registrant is classified as a shell company, a smaller reporting company, and an emerging growth company.

What Was Disclosed

Helix Acquisition Corp. III disclosed its unaudited financial statements for the quarter and six months ended June 30, 2026, covering its balance sheet, income, and cash flow position following its January 2026 IPO, including Trust Account balances, share counts, and operating expenses.