- Abony Acquisition Corp. I, a Cayman Islands SPAC that closed its $230 million IPO (23 million units including full over-allotment) on February 20, 2026, reported no material Q2 operational developments: the company had not selected a Business Combination target and had not engaged in substantive discussions with any target as of June 30, 2026. It has a 24-month completion window (through approximately February 2028) to consummate a Business Combination.
- The Trust Account, funded at $230 million at the IPO close, earned $2,043,160 in interest during Q2 2026 and stood at $232,871,546 at June 30, 2026, invested in money market funds holding U.S. Treasury securities. No interest withdrawals were made from the Trust Account through the quarter end.
- Q2 formation, general and administrative expenses totaled $200,502, including the $25,000-per-month administrative services fee payable to a Sponsor affiliate (commencing February 18, 2026) for CFO/COO services, office space, and administrative support. The company held $1,174,280 in operating cash and $1,194,399 in working capital at quarter end; no Working Capital Loans were outstanding.
- The filing discloses no legal proceedings, no material changes to risk factors, no off-balance-sheet arrangements, and no subsequent events requiring adjustment. Management assessed that existing funds are sufficient to meet working capital needs within one year of the filing date, though it noted that costs of identifying a target and conducting due diligence could exceed estimates.
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- Abony Acquisition Corp. I consummated its Initial Public Offering on February 20, 2026, selling 23,000,000 Units at $10.00 per Unit (including full exercise of the underwriter's 3,000,000-unit over-allotment option) for gross proceeds of $230,000,000; BTIG, LLC served as sole book-running manager. Simultaneously, the company sold 695,000 Private Placement Units at $10.00 each to the Sponsor (465,000) and BTIG, LLC (230,000) for $6,950,000. Total transaction costs were $13,314,254, comprising a $4,600,000 cash underwriting fee, an $8,050,000 deferred underwriting fee payable to BTIG only upon completion of a Business Combination, and $664,254 of other offering costs.
- As of March 31, 2026, the company had not selected a Business Combination target nor engaged in any substantive discussions with any prospective target. The 24-month completion window runs from the February 20, 2026 IPO closing (through approximately February 20, 2028); a target must collectively have a fair market value of at least 80% of the Trust Account balance (excluding deferred underwriting fees and taxes) at the time of signing. No Business Combination is yet considered probable for accounting purposes.
- The Trust Account, held by Continental Stock Transfer & Trust Company and invested in money market funds holding U.S. Treasury securities, contained $230,828,386 at quarter-end, reflecting $828,386 of interest income earned during the quarter on the $230,000,000 initial deposit. Outside the Trust, the company held $1,324,398 in cash and working capital of $1,275,592; no Working Capital Loans were outstanding. Quarterly formation, general and administrative costs totaled $282,307, yielding net income of $546,079.
- Effective February 18, 2026, the company entered into an Administrative Services Agreement with a Sponsor affiliate paying $25,000 per month for CFO/COO services, office space, and administrative support; $50,000 was incurred for the quarter. On January 26, 2026, the Sponsor granted membership interests equivalent to 175,000 founder shares to independent directors and an officer (fair value approximately $459,550, or ~$2.63 per share), with compensation expense to be recognized only when a Business Combination is considered probable. The full exercise of the over-allotment option removed the forfeiture condition on 1,000,000 of the Sponsor's 7,666,667 Class B founder shares.
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