JATT II Acquisition Corp.

What they do

The company was incorporated on January 13, 2026 for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. It has no operations and has generated no revenues. Its only activities from inception through June 30, 2026 were organizational work, preparing for its IPO, and, after the IPO closed, identifying a target company.

Revenue drivers

• Trust account interest income — The company generates non-operating income in the form of interest and/or dividend income on marketable securities held in the trust account; interest earned was $409,419 for the three months ended June 30, 2026, the only income source reported.
• No operating revenue — The company has neither engaged in any operations nor generated any revenues to date and does not expect operating revenues until after a business combination closes.

Recent performance

For the three months ended June 30, 2026, the company reported a net loss of $305,553, consisting of $678,843 in formation, general and administrative costs and $83,417 in share-based compensation, offset by a $47,288 change in fair value of the over-allotment option liability and $409,419 of interest earned on trust account investments. For the period from January 13, 2026 (inception) through June 30, 2026, the net loss was $374,346. As of June 30, 2026, total assets were $62.3 million, total liabilities were $2.5 million, shareholder equity was negative $604,175, and cash and equivalents were $1.6 million.

Strategy

The company's stated plan is to effect a business combination using cash from the IPO proceeds, the sale of private placement shares, its shares, debt or a combination of these. It raised $60,000,000 in its April 20, 2026 IPO of 6,000,000 ordinary shares at $10.00 per share and simultaneously sold 300,000 private placement shares to its sponsor, JATT Ventures II L.P., for $3,000,000. A total of $60,000,000 was placed in the trust account. The company continues to incur significant costs in pursuit of its acquisition plans and identifies target companies following the IPO.

Risks

• No operating history or revenue — The company has not engaged in operations or generated any revenues and does not expect operating revenues until after a business combination closes.
• Business combination may not complete — Management states it cannot assure that its plans to complete a business combination will be successful, and the forward-looking statements note conditions of the proposed business combination may not be satisfied.
• Trust funds and offering costs — The company incurred $2,881,539 of offering costs including $600,000 cash underwriting fee, $1,800,000 deferred underwriting fee and $481,539 other offering costs.
• Expenses as a public company — The company incurs expenses for legal, financial reporting, accounting and auditing compliance, as well as due diligence, contributing to its net losses.

Outlook

Management states it will continue to incur significant costs in the pursuit of acquisition plans and cannot assure that a business combination will be completed. No operating revenues are expected until after a business combination closes. The company disclaims any intention or obligation to update forward-looking statements except as required by securities law.