Wed, May 15, 10:16 AM (73 days ago)
Corner Growth Acquisition Corp. 2 filed its Form 10-Q for the quarter ending March 31, 2024. The company, a blank check entity, reported a net loss of $347.75k, an improvement from a $1.04M loss in Q1 2023. Operating and formation costs decreased to $419.75k from $500.47k. The Trust Account balance dropped to $5.26M from $21.20M at year-end 2023 due to shareholder redemptions. The company faced liquidity issues, with only $18.78k in cash and a working capital deficit of $4.45M. Nasdaq compliance challenges were noted, but the company remains listed. If no business combination is completed by December 31, 2024, the company will liquidate.