JATT III Acquisition Corp (NASDAQ:JTTT) filed its Form 10-Q for the quarter ended September 30, 2026, covering the company's initial period of operations following its inception on April 27, 2026 and the closing of its Initial Public Offering on August 27, 2026.

Key Highlights

  • Trust Account: Cash and investments held in the Trust Account totaled $69,233,988 as of September 30, 2026, reflecting $69,000,000 invested at IPO closing plus $233,988 in interest earned.
  • Shares Outstanding: As of November 12, 2026, there were 8,859,000 ordinary shares, $0.0001 par value, issued and outstanding.
  • Redeemable Shares: 6,900,000 ordinary shares are subject to possible redemption at approximately $10.03 per share as of September 30, 2026.
  • Net Loss: The company reported a net loss of $13,946 for the three months ended September 30, 2026, and a net loss of $33,105 for the period from inception through September 30, 2026.
  • Over-Allotment Exercised: On August 27, 2026, the underwriter exercised its over-allotment option in full, resulting in 225,000 Founder Shares no longer being subject to forfeiture.
  • Sponsor Forfeiture: On July 6, 2026, the Sponsor surrendered and forfeited 431,250 Founder Shares for no consideration, after which the Sponsor holds 1,725,000 Founder Shares.
  • Shareholders' Deficit: Total shareholders' deficit stood at $(851,666) as of September 30, 2026, with accumulated deficit of $(851,862).

JATT III Acquisition Corp: Financial Position and IPO Activity Through September 30, 2026

According to the filing, JATT III Acquisition Corp was incorporated on April 27, 2026, and completed its Initial Public Offering on August 27, 2026. The company reported total assets of $70,531,006 as of September 30, 2026, the largest component of which was $69,233,988 held in the Trust Account. Total liabilities were $2,148,684, which included a deferred underwriting fee of $2,070,000 and deferred legal fees of $20,352.

The company disclosed formation, general and administrative expenses of $209,128 for the three months ended September 30, 2026, and $228,287 for the period from inception through September 30, 2026. Share-based compensation expense of $38,806 was recorded in both periods. Interest earned on investments held in the Trust Account was $233,988 for both periods, partially offsetting operating losses. Net cash used in operating activities for the period from inception through September 30, 2026 was $(368,858), while net cash used in investing activities was $(69,000,000), reflecting the full placement of IPO proceeds into the Trust Account.

The filing also noted that 234,000 Private Placement Shares were sold for $2,340,000, and that transaction costs of $13,149 were allocated to those shares. The company is classified as a shell company, a smaller reporting company, and an emerging growth company. As of September 30, 2026, 1,959,000 ordinary shares were issued and outstanding excluding the 6,900,000 shares subject to possible redemption, with 1,000,000 preference shares authorized and none issued or outstanding.

What Was Disclosed

JATT III Acquisition Corp's first 10-Q disclosed its balance sheet, income statement, and cash flows from inception through September 30, 2026, covering the period around its IPO closing, Trust Account funding, Sponsor share forfeiture, and over-allotment exercise.