New York, June 1, 2026, 19:04 (EDT)
Abony Acquisition Corp. I Class A shares ended Monday at $9.89, trading just 6,449 shares. The Nasdaq-listed SPAC is still near its cash level. The company is a blank-check firm, set up to raise funds and then seek a merger with a private target.
Why does this matter? Abony is still waiting. For investors, the main point now isn’t revenue or earnings—it’s the cash in trust as management keeps looking for a deal.
The company’s March-quarter filing listed $230.8 million in its trust account, with 23 million public Class A shares at a redemption value of $10.04 each. The shares traded at $9.89 on Monday, about 1.5% below the value in the filing. Redemption value is what public holders can usually get if they opt out of a SPAC before a deal.
Abony pulled in $230 million in its February IPO, selling 23 million units at $10 apiece. Underwriters took up their full over-allotment option. The company also secured $6.95 million in a private placement. The $230 million IPO proceeds are in trust.
The company told investors it could look at targets in any sector or part of the world, but is aiming for deals in defense tech, advanced computing, software, and media, with enterprise values around $750 million to $1.5 billion or higher. Enterprise value covers total company worth, including debt and cash.
Monday saw regular trading, with no effect from holidays. Nasdaq’s 2026 holiday calendar still shows closures for Memorial Day on May 25 and Juneteenth on June 19, but markets are open June 1.
The main indexes climbed, but it didn’t give Abony much of a lift. The S&P 500 inched up 0.3% Monday. The Dow rose 0.1%. The Nasdaq Composite was up 0.4%. The Russell 2000 dropped 0.5%.
Acquisition SPACs barely moved. Armada Acquisition Corp III stayed flat at $9.96, and Apogee Acquisition Corp also went nowhere at $9.95, according to Google Finance. Artius II Acquisition added 0.86% to close at $10.55. Abony’s Class A shares traded at $9.89, showing a market cap of $310.17 million and a 52-week range of $9.84 to $9.95.
Abony’s units, shares, and warrants are now listed separately. Back in April, the company said units would still trade as AACOU, while Class A shares would use the AACO ticker and warrants would go as AACOW. A warrant lets the holder buy a share later for a set price.
Abony’s first-quarter results fit the usual pattern for a just-listed SPAC. The company posted net income of $546,079 for the period ending March 31, mostly thanks to $828,386 in interest from trust investments, minus $282,307 in setup, general and administrative expenses.
But the risk is clear. If Abony doesn’t land a target that appeals to investors, the stock could stay stuck as a thinly traded trust proxy. Warrant holders could lose ground fast, since the warrants only pay off if the shares after a deal trade above the exercise price.
The next thing that could move the stock is probably a target announcement, a merger filing, or new numbers on redemptions. For now, Abony’s stock trades more like a claim on the trust account and a call option on whatever deal management manages to put together, rather than a play on any operating business.
