BM3EAC (BACE) H1 2026 earnings summary

Executive summary

• Operates as a listed acquisition vehicle on Euronext Amsterdam, seeking a business combination but has not completed one as of June 2026.

• Redeemed all public shares and warrants in June 2023 after failing to secure a business combination by the deadline; only sponsor shares remain outstanding.

• Sponsor Entity has provided additional working capital commitments to support ongoing operations through at least 2026.

• Continues as a repurposed acquisition vehicle, with a focus on identifying a suitable target for a business combination.

Financial highlights

• Bank account balance as of 30 June 2026: $142,312.

• Accumulated losses as of 30 June 2026: ($1,298,811).

• Interest income for the six months ended 30 June 2026: $1,939.

• Total comprehensive loss for the period: ($171,388), compared to ($189,168) for the same period in 2025.

• Operating expenses for the period: $133,163; interest expense on promissory notes: $40,164.

Outlook and guidance

• Directors intend to continue as an acquisition vehicle, leveraging sponsor support and board expertise to pursue a business combination.

• Sponsor Entity has committed to provide sufficient working capital for at least the next 12 months.

• Company believes it will remain a going concern through at least 2026.