M Evo Global Acquisition Corp II filed its Form 10-Q for the quarter ended September 30, 2026 with the SEC on November 6, 2026, reporting $307,116,523 held in trust and a net income of $2,390,648 for the three-month period.

Key Highlights

  • Trust Account: Investments held in trust totaled $307,116,523 as of September 30, 2026, with 30,000,000 Class A ordinary shares subject to possible redemption at $10.24 per share.
  • Q3 Net Income: The company reported net income of $2,390,648 for the three months ended September 30, 2026, driven by $2,780,832 in interest earned on trust investments.
  • Nine-Month Net Loss: For the nine months ended September 30, 2026, the company reported a net loss of $2,037,065, which included $8,469,916 in compensation expense related to Founder Shares assigned to directors.
  • Shareholders' Deficit: Total shareholders' deficit stood at $(11,370,818) as of September 30, 2026, compared to $(24,942) as of December 31, 2025.
  • Deferred Underwriting Fee: A deferred underwriting fee payable of $12,000,000 was recorded on the balance sheet as of September 30, 2026.
  • Share Count: As of November 6, 2026, there were 30,000,000 Class A ordinary shares and 10,000,000 Class B ordinary shares issued and outstanding.
  • Over-Allotment: On February 2, 2026, the underwriters exercised their over-allotment option in full as part of the closing of the Initial Public Offering, according to the filing.

M Evo Global Acquisition Corp II: First Full Quarter After IPO Close

According to the filing, M Evo Global Acquisition Corp II (NASDAQ:MEVO) is a blank-check company incorporated in the Cayman Islands. The company completed its Initial Public Offering, with the underwriters exercising their over-allotment option in full on February 2, 2026, resulting in 30,000,000 Class A ordinary shares sold to the public. As of September 30, 2026, total assets were $308,124,584, with the vast majority represented by the $307,116,523 held in its Trust Account.

For the three months ended September 30, 2026, the company reported general and administrative costs of $390,184 and interest earned on trust investments of $2,780,832, producing net income of $2,390,648, the filing disclosed. For the nine months ended September 30, 2026, general and administrative costs were $683,672 and compensation expense was $8,469,916, the latter attributed to the fair value of Founder Shares assigned to directors. Interest earned on trust investments for the nine-month period was $7,116,523, resulting in a net loss of $2,037,065 for that period.

The filing also disclosed that on January 29, 2026, the company issued an additional 1,666,667 Class B ordinary shares to the Sponsor in a share capitalization, bringing total Founder Shares to 10,000,000. Additionally, 8,000,000 Private Placement Warrants were sold, generating $8,000,000 in proceeds. The accumulated deficit as of September 30, 2026 was $(11,371,818). 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

M Evo Global Acquisition Corp II disclosed its unaudited financial statements for the quarter ended September 30, 2026, covering trust account balances, share structure, operating results, and a deferred underwriting fee of $12,000,000 following the close of its Initial Public Offering.