Tue, Nov 12, 9:12 PM (97 days ago)
**Colombier Acquisition Corp. II (CLBR)** reported its quarterly results for the period ending September 30, 2024. The company, a special purpose acquisition company (SPAC), has not yet engaged in any business operations or generated revenue since its inception on September 27, 2023. As of the reporting date, total assets stood at approximately $177.5 million, primarily held in a Trust Account containing $176.6 million in marketable securities. For Q3 2024, Colombier recorded a net income of $1.44 million, primarily from interest income of $2.27 million, offset by $825,666 in operational expenses. For the nine-month period, net income totaled $4.75 million, with similar income sources. The company's accumulated deficit increased to approximately $5.4 million. Cash and marketable securities available for operations were $480,735, with working capital of $518,131. The company withdrew $1 million from the Trust Account for operational needs. Colombier faces uncertainties due to geopolitical tensions affecting market conditions, which may impact its ability to complete a business combination by the deadline of November 24, 2025. Overall, the company remains in a pre-operational phase, with significant reliance on its ability to identify and complete a merger with a target business.