Jones Ventures Intl Acquisition1 Corp filed a Form 10-Q with the U.S. Securities and Exchange Commission on November 12, 2026, covering the quarter ended September 30, 2026, its first quarterly report following the completion of its initial public offering earlier that year.

Key Highlights

  • Trust Account: Cash held in Trust Account totaled $205,534,287 as of September 30, 2026, compared to $0 at December 31, 2025.
  • Shares outstanding: As of November 10, 2026, there were 21,040,500 Class A Ordinary Shares and 6,798,500 Class B Ordinary Shares issued and outstanding.
  • Redemption value: 20,395,500 Class A ordinary shares were subject to possible redemption at $10.08 per share as of September 30, 2026.
  • Net income: The company reported net income of $1,479,071 for the three months ended September 30, 2026, driven by $1,579,287 in interest earned on marketable securities held in the Trust Account.
  • Over-allotment partial exercise: On July 31, 2026, underwriters partially exercised the over-allotment option, resulting in the issuance of 395,500 additional Units; the unexercised portion expired August 29, 2026, and the Sponsor forfeited 868,167 Class B ordinary shares.
  • Total assets: Total assets were $206,967,494 at September 30, 2026, up from $122,631 at December 31, 2025.
  • Shell company status: The registrant indicated it is a shell company as defined in Rule 12b-2 of the Exchange Act.

Jones Ventures Intl Acquisition1 Corp: First Post-IPO Quarter Financial Position

Jones Ventures Intl Acquisition1 Corp (NASDAQ:JONE), a Cayman Islands-incorporated special purpose acquisition company based at 325 Hudson St, 6th Floor, New York, NY 10013, filed its quarterly report for the period ended September 30, 2026. According to the filing, the company completed its initial public offering during the period, with the Trust Account holding $205,534,287 by quarter-end. The company reported total assets of $206,967,494, a substantial increase from $122,631 at December 31, 2025, which the filing attributes primarily to proceeds placed into the Trust Account following the IPO.

For the three months ended September 30, 2026, the company reported net income of $1,479,071, compared to a net loss of $10,435 in the same period of 2025. The filing disclosed that other income of $1,735,587 for the quarter included $1,579,287 of interest earned on marketable securities held in the Trust Account and a $156,300 change in fair value of the over-allotment option liability. Formation, general and administrative costs for the quarter were $256,516. Basic and diluted net income per share for both Class A and Class B ordinary shares was $0.06 for the three months ended September 30, 2026, according to the filing.

The filing also disclosed that on March 13, 2026, the company effected a share recapitalization, issuing an additional 1,916,667 Class B ordinary shares to the Sponsor, resulting in an aggregate of 7,666,667 Class B ordinary shares. Following the partial exercise of the over-allotment option on July 31, 2026, and the expiration of the unexercised portion on August 29, 2026, the Sponsor forfeited 868,167 Class B ordinary shares, leaving 6,798,500 Class B ordinary shares outstanding as of the filing date. The company's total shareholders' equity stood at $1,126,414 at September 30, 2026, compared to a deficit of $19,797 at December 31, 2025.

What Was Disclosed

Jones Ventures Intl Acquisition1 Corp disclosed its unaudited financial results for the quarter and nine months ended September 30, 2026, including Trust Account balances, share structure changes following a partial over-allotment exercise, net income driven by trust interest, and its status as a shell company.