NorthStrive Acquisition Corp I. filed its first quarterly report on Form 10-Q with the SEC on November 13, 2026, covering the period from inception (April 27, 2026) through September 30, 2026, and the three months ended September 30, 2026.

Key Highlights

  • Trust Account balance: Cash held in the Trust Account totaled $100,422,693 as of September 30, 2026, according to the filing.
  • Class A shares subject to redemption: 10,000,000 shares were subject to possible redemption at a redemption value of $10.04 per share, the filing disclosed.
  • Net income: The company reported net income of $370,718 for the three months ended September 30, 2026, and net income of $354,769 for the period from April 27, 2026 (inception) through September 30, 2026.
  • Shareholders' deficit: Total shareholders' deficit stood at $(2,892,996) as of September 30, 2026, with an accumulated deficit of $(2,893,502).
  • Shares outstanding: As of November 13, 2026, there were 10,231,750 Class A Ordinary Shares and 4,200,000 Class B Ordinary Shares issued and outstanding.
  • Over-allotment forfeiture: The filing noted that 629,998 Class B ordinary shares were subject to forfeiture, and that on October 1, 2026, the over-allotment option expired unexercised and such shares were forfeited.
  • Deferred underwriting fee: A deferred underwriting fee of $3,500,000 was recorded as a liability on the balance sheet.

NorthStrive Acquisition Corp I. Reports First Quarter Since April 2026 Inception

NorthStrive Acquisition Corp I., a blank check company incorporated in the Cayman Islands and listed on The Nasdaq Stock Market LLC under the symbols NASDAQ:NSAI (Class A Ordinary Shares), NSAIU (Units), NSAIR (Rights), and NSAIW (Warrants), filed its inaugural Form 10-Q covering activity since its April 27, 2026 inception date. The company disclosed total assets of $101,132,710 as of September 30, 2026, the vast majority of which consisted of the $100,422,693 held in the Trust Account.

According to the filing, the company's operating results reflected formation, general and administrative costs of $132,475 for the three months ended September 30, 2026, and $148,424 for the period from inception through September 30, 2026. These losses from operations were offset by other income items, including interest earned on cash held in the Trust Account of $422,693, and a change in fair value of the over-allotment option liability of $80,500, resulting in net income for both periods. The company's earnings per share for each class of shares was reported at $0.04 for the three-month period.

The balance sheet reflected current liabilities of $103,013, including accounts payable and accrued expenses of $18,413, accrued offering costs of $75,000, and an over-allotment option liability of $9,600. The company also disclosed the sale of 231,750 Private Placement Units for proceeds of $2,317,500 during the quarter, and noted that the fair value of Public Warrants and Public Rights at issuance was $2,028,000 and $1,743,000, respectively. The filing identified the company as a shell company, a smaller reporting company, and an emerging growth company.

What Was Disclosed

NorthStrive Acquisition Corp I. disclosed its condensed balance sheet, statements of operations, changes in shareholders' equity (deficit), and cash flows for its first partial operating period since inception on April 27, 2026, through September 30, 2026, including Trust Account balances, redemption values, and share forfeiture details.