QETA
Quetta Acquisition Corporation11.20
-0.05-0.44%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
41.97MP/E (TTM)
-Basic EPS (TTM)
-0.18Dividend Yield
0%Recent Filings
10-Q
Q3 FY2025 results
Quetta's Q3 loss narrowed to $34,853 from $145k operating loss y/y (derived), thanks to $196k interest on the shrunken $18.9M Trust Account, yet taxes bit harder at $37k. Nine-month net loss hit $836k on $1.2M formation costs, versus $1.8M profit last year amid heavy redemptions. Cash dwindled to $9k, offset by $1.1M related-party notes and $1.0M KM QUAD promissory for extensions; Trust holds steady post-$55M January outflow. Signed Feb 2025 merger for KM QUAD (parent of Chinese film maker), issuing 30M shares worth $300M at $10/share, with 6-month lock-ups. Extensions run to Dec 2025. Nasdaq MVLS noncompliance looms.
8-K
Nasdaq MVLS noncompliance notice
Quetta Acquisition Corporation received a Nasdaq notice on September 3, 2025, for failing to maintain a $50M Market Value of Listed Securities over 30 consecutive business days, violating Global Market listing rules. Trading continues uninterrupted with 180 days until March 2, 2026, to hit $50M for 10 straight days. Delisting looms without fix. Company will monitor and explore options.
10-Q
Q2 FY2025 results
Quetta's Q2 ended with a $608K net loss, far worse than $544K profit a year ago, as formation costs exploded to $724K from $150K while trust interest fell to $192K from $930K; six-month loss hit $802K versus $1.2M profit (derived). Massive January redemptions slashed trust from $73M to $18.7M, leaving $226K cash outside but $1.0M promissory note to KM QUAD. Signed Feb 2025 merger for $300M in shares (30M issued, some locked 6 months), pending approvals to October 2026. Extensions funded monthly at $60K. Trust intact. Disclosure controls ineffective. Geopolitical tensions threaten deal.
8-K
Director death, board reshuffled
Quetta Acquisition Corporation disclosed the death of board director and Audit Committee Chair Brandon Miller on April 29, 2025. The board swiftly appointed Qi Gong as new Audit Committee Chair and added Ping Zhang to the board and all three committees, deeming him independent. Zhang brings air freight and advertising experience. Board continuity restored fast.
10-Q
Q1 FY2025 results
Quetta swung to a $193,671 net loss for Q1 ended March 31, 2025, from $612K profit y/y, as formation costs jumped to $377K from $77K while trust interest fell to $274K from $920K amid heavy redemptions. Operating loss hit $417K, widened from $123K y/y. Trust shrank to $18.4M after $55.2M redemptions in January; cash dipped to $244K with $750K promissory note to KM QUAD. Signed merger for KM QUAD on Feb 14, 2025, issuing 30M shares valued at $300M total, certain locked six months; extensions run to October 2026. Redemptions trigger excise tax risks.
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