Mozayyx Acquisition Corp., a blank-check special purpose acquisition company incorporated in the Cayman Islands, filed its quarterly report on Form 10-Q for the period ended June 30, 2026, with the SEC on August 14, 2026.

Key Highlights

  • Trust Account Balance: Investments held in the Trust Account totaled $303,593,729 as of June 30, 2026, compared to $0 at December 31, 2025.
  • Shares Outstanding: As of August 14, 2026, the company had 30,000,000 Class A ordinary shares and 7,500,000 Class B ordinary shares issued and outstanding.
  • Redemption Price: Class A ordinary shares subject to possible redemption were valued at $10.12 per share as of June 30, 2026.
  • Net Income: The company reported net income of $2,533,897 for the three months ended June 30, 2026, and $3,356,577 for the six months ended June 30, 2026.
  • Deferred Underwriting Fee: A deferred underwriting fee of $12,780,000 is recorded as a liability on the June 30, 2026 balance sheet.
  • Shareholders' Deficit: Total shareholders' deficit stood at $(11,541,399) as of June 30, 2026, driven by accumulated deficit of $(11,542,149).

Mozayyx Trust Account, IPO Proceeds, and Financial Position in Q2 2026

According to the filing, Mozayyx Acquisition Corp. (NYSE:MZYX) is organized as a blank-check company under the laws of the Cayman Islands and is listed on the New York Stock Exchange. The company's securities include Class A ordinary shares, units consisting of one Class A ordinary share and one-quarter of one redeemable warrant, and warrants exercisable for one Class A ordinary share at an exercise price of $11.50 per share. The company's principal executive offices are located at 111 Congress Ave, Suite 1200, Austin, TX 78701.

The filing reports that following the company's Initial Public Offering, 30,000,000 Class A ordinary shares became subject to possible redemption at $10.12 per share as of June 30, 2026, resulting in a trust balance of $303,593,729. Prior to the IPO, the December 31, 2025 balance sheet reflected total assets of only $96,412 and no trust holdings. The filing also discloses that the underwriter partially exercised the over-allotment option in connection with the IPO, and the remaining portion expired on April 12, 2026, at which time the Sponsor forfeited 3,750 Class B ordinary shares.

Interest income earned on investments held in the Trust Account was $3,593,729 for the six months ended June 30, 2026, and $2,638,229 for the three months ended June 30, 2026, according to the filing. Formation and operating expenses totaled $253,547 for the six-month period and $114,390 for the three-month period. Basic net income per share was $0.12 for the six-month period and $0.07 for the three-month period, applied equally to redeemable Class A and non-redeemable Class B ordinary shares. The company identified itself as a non-accelerated filer, a smaller reporting company, and an emerging growth company.

What Was Disclosed

Mozayyx Acquisition Corp. disclosed its unaudited financial statements for the quarter ended June 30, 2026, including a trust account balance of $303,593,729, net income of $3,356,577 for the first half of 2026, and a total shareholders' deficit of $(11,541,399).