Integral Acquisition Corp 1 SEC 10-Q Report

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2025.09.19 21:33
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Integral Acquisition Corp 1 has released its Form 10-Q report for the quarter ended June 30, 2025, reporting a net loss of $571,230 for the three months and $1,134,519 for six months. The company, focused on a Business Combination, has not commenced operations or generated revenue. It has extended its Combination Period to November 5, 2025, after terminating a proposed deal with Flybondi. The company continues to seek suitable targets for a Business Combination while managing its Trust Account funds.

Integral Acquisition Corp 1, a blank check company formed for the purpose of effecting a Business Combination, has released its Form 10-Q report for the quarter ended June 30, 2025. The report provides a detailed overview of the company's financial performance and operational activities during this period.

Financial Highlights

  • Net Loss: $571,230 for the three months ended June 30, 2025, reflecting increased operating costs and excise tax interest and penalties, partially offset by interest income.
  • Net Loss: $1,134,519 for the six months ended June 30, 2025, primarily due to operating costs and excise tax interest and penalties, with some offset from interest income.
  • Basic and Diluted Net Loss Per Common Stock Subject to Redemption: $(0.18) for the three months ended June 30, 2025, indicating a higher loss per share compared to the same period in 2024.
  • Basic and Diluted Net Loss Per Non-Redeemable Common Stock: $(0.18) for the three months ended June 30, 2025, consistent with the loss per share for redeemable stock.
  • Basic and Diluted Net Loss Per Common Stock Subject to Redemption: $(0.35) for the six months ended June 30, 2025, showing an increase in loss per share compared to the same period in 2024.
  • Basic and Diluted Net Loss Per Non-Redeemable Common Stock: $(0.35) for the six months ended June 30, 2025, reflecting the same loss per share as redeemable stock.

Business Highlights

  • Business Overview: Integral Acquisition Corporation 1 is a blank check company formed for the purpose of effecting a Business Combination. As of June 30, 2025, the company has not commenced any operations or generated any revenues.
  • Operational Focus: The company is focused on identifying and consummating an initial Business Combination. It has not engaged in any operations or generated operating revenues to date.
  • Trust Account Management: The company has maintained funds in a Trust Account, which are invested in an interest-bearing demand deposit account. These funds are intended to be used for a Business Combination or returned to shareholders if a combination is not completed within the specified period.
  • Combination Period Extensions: The company has extended its Combination Period multiple times, with the current extension allowing until November 5, 2025, to complete a Business Combination. This extension is supported by promissory notes issued to the Sponsor.
  • Termination of Flybondi Business Combination: The proposed Business Combination with Flybondi was mutually terminated on June 4, 2025. This decision was made after the company's stockholders had approved the agreement at a special meeting in March 2025.
  • Future Outlook: The company continues to seek a suitable target for a Business Combination and may further extend the Combination Period if necessary. The management is focused on maintaining compliance with applicable laws and stock exchange rules while pursuing potential opportunities.

SEC Filing: Integral Acquisition Corp 1 [ INTE ] - 10-Q - Sep. 19, 2025

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