Indigo Acquisition Corp. filed its Form 10-Q for the quarter ended September 30, 2026 with the U.S. Securities and Exchange Commission on November 2, 2026, reporting net income of $950,826 for the three-month period and $120,472,646 in marketable securities held in its Trust Account.

Key Highlights

  • Trust Account balance: Marketable securities held in the Trust Account totaled $120,472,646 as of September 30, 2026, up from $117,298,371 at December 31, 2025.
  • Redemption value per share: The 11,500,000 ordinary shares subject to possible redemption carried a redemption value of $10.48 per share at September 30, 2026, compared to $10.20 per share at December 31, 2025.
  • Quarterly net income: The company reported net income of $950,826 for the three months ended September 30, 2026, driven by $1,090,169 in dividends earned on marketable securities held in the Trust Account.
  • Nine-month net income: Net income for the nine months ended September 30, 2026 was $2,751,952, with $3,174,275 in Trust Account dividends offsetting $422,323 in formation and operating costs.
  • Shareholders' deficit: Total shareholders' deficit stood at $(3,745,774) as of September 30, 2026, with an accumulated deficit of $(3,746,100).
  • Shares outstanding: As of November 2, 2026, there were 14,755,000 ordinary shares issued and outstanding, with 3,255,000 classified as non-redeemable.
  • Cash position: Cash on hand declined to $188,753 at September 30, 2026, from $666,920 at December 31, 2025.

Indigo Acquisition Corp. Third-Quarter 2026 Financial Position and Results

According to the filing, Indigo Acquisition Corp. (NASDAQ:INACU) is a blank-check company incorporated in the Cayman Islands. The company's primary asset remains the marketable securities held in its Trust Account, which grew to $120,472,646 by September 30, 2026. The 11,500,000 ordinary shares subject to possible redemption are carried at that same value, reflecting a per-share redemption price of $10.48, up from $10.20 at year-end 2025.

The filing reports that formation and operating costs for the three months ended September 30, 2026 were $139,343, compared to $152,601 for the same period in 2025. For the nine-month period, those costs reached $422,323 versus $241,360 in the prior-year period. Dividend income earned on Trust Account securities offset these costs in both periods, producing net income of $950,826 for the quarter and $2,751,952 for the nine months ended September 30, 2026.

The company reported total assets of $120,764,809 and total liabilities of $4,037,937, the latter including a deferred underwriting fee payable of $4,025,000 that remained unchanged from December 31, 2025. The filing confirms the company is classified as a shell company, a smaller reporting company, and an emerging growth company. Basic and diluted net income per ordinary share for both redeemable and non-redeemable share classes was $0.06 for the three months ended September 30, 2026, and $0.19 for the nine months ended September 30, 2026.

What Was Disclosed

Indigo Acquisition Corp. disclosed its unaudited condensed financial statements for the quarter ended September 30, 2026, showing Trust Account growth to $120,472,646, a redemption value of $10.48 per share, net income of $950,826 for the quarter, and a total shareholders' deficit of $(3,745,774).