APR 1·TradingViewLow
Cal Redwood 10-K: $0 Revenue, $5.05M Net Income from Trust
Cal Redwood reported $0 in operating revenues but a net income of $5.05 million, primarily from its trust account investments, with no per-share net income stated. The company, a blank-check firm, has focused on organizational setup and preparing for a business combination, using funds from its IPO and private placement to secure future acquisitions and operations. Its activities have been limited to organizational tasks and due diligence as it seeks a target company.