What does interest income on cash held in trust mean?

This represents the interest earned on the cash and marketable securities held in a trust account pending a business combination. It serves as a primary source of non-operating revenue for a special purpose acquisition company (SPAC) prior to completing a merger. Higher interest income enhances the capital available for potential acquisitions or redemptions.

New America Acquisition I NWAX Interest Income On Cash Held In Trust

Interest Income On Cash Held In Trust at other companies

KRAKacquisition KRAQ

$2.05M—

BDC

BTC Development Corp. BDCI

$2.24M+272%

SAC

Safeguard Acquisition SAC

$2.06M—

GTE

Gores Holdings X, Inc. Class A ordinary sharesGTEN

$3.2M—

Domino's PizzaDPZ

$2.5M-36.6%

Edwards LifesciencesEW

$33.5M-8.2%

Other financials

Income statement

See full

Operating income-$312.0K—

Net income$2.1M—

EPS (diluted)$0.04—

Balance sheet

See full

Cash & equivalents$855.5K—

Total equity$578.9K—

Total assets$350.4M—

Cash flow

See full

Operating cash flow-$88.6K—

Valuation

See full

Market cap$504.43M-0.5%

Returns & leverage

See full

Current ratio1.3×—

Where this comes from

Reported directly by New America Acquisition I in its filing.

Tagged under the XBRL concept NWAX:InterestIncomeOnCashHeldInTrust.

The official record: New America Acquisition I ’s 10-Q, filed May 14, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is New America Acquisition I 's interest income on cash held in trust?: New America Acquisition I (NWAX) reported interest income on cash held in trust of $3M in Q1 2026.
What does interest income on cash held in trust mean?: This represents the interest earned on the cash and marketable securities held in a trust account pending a business combination. It serves as a primary source of non-operating revenue for a special purpose acquisition company (SPAC) prior to completing a merger. Higher interest income enhances the capital available for potential acquisitions or redemptions.