Swiftmerge Acquisition Corp.

Revenue more than doubled year over year and the company is profitable at the operating line, but $27.4 million of contingent consideration — about a quarter of total assets — still sits on the balance sheet, and roughly 38% of the net income goes to non-controlling interests rather than to Class A holders. The Class C shares carry no economic claim visible in the equity section shown here.

Approximately $9.5 million of the quarter's $10.2 million of revenue comes from a single non-operated field, so the Gradizza project is the company's first control over its own production rather than an incremental addition. The 47% reserves increase is a third-party engineering estimate as of year-end 2025, not a production result, and Adjusted EBITDA is a non-GAAP measure the release defines itself.

The prospectus covers 78,963,389 shares of Class A common stock and 11,250,000 warrants, and states that the 11,250,000 shares underlying those warrants are already included inside the 78,963,389 figure — so the headline is the full registered amount, not a base the warrants are added to. At the closing each SPAC Class A ordinary share of $0.0001 par value converts into one share of Surviving PubCo Class A common stock, so a non-redeeming holder's share count is unchanged and the dilution comes from what is issued for AleAnna.

AleAnna becomes an indirect subsidiary held through Swiftmerge HoldCo LLC and Swiftmerge Merger Sub LLC rather than a direct one, so the public company sits two levels above the operating business. Of the 78,963,389 Class A shares registered, 11,250,000 exist only if warrants are exercised, which is the difference between shares outstanding at closing and shares registered. Each Class A ordinary share of par value $0.0001 converts one-for-one into Surviving PubCo Class A common stock, and the mailing date of the proxy statement is left blank.

The prospectus covers 78,963,389 shares of Class A common stock — a figure that already includes the 11,250,000 shares underlying warrants — plus the 11,250,000 warrants themselves, so a reader must not add the two together. On closing each SPAC Class A ordinary share of $0.0001 par value converts one-for-one into Surviving PubCo Class A common stock, so the SPAC's own holders are not diluted by the conversion itself. The proxy statement/prospectus is preliminary and the extraordinary general meeting date is left blank.

The 11,250,000 shares underlying the warrants are stated to sit inside the 78,963,389 figure, so the cover is the whole registered amount rather than a base the warrants are added to. At the closing each SPAC Class A ordinary share of $0.0001 par value converts into one share of Surviving PubCo Class A common stock and each Class B ordinary share converts as well, so a non-redeeming public holder's share count does not change and the dilution comes from what is issued for AleAnna. This first version is undated, carries no registration number and names no meeting date.

What changed: The 10-Q filed under Commission file number 001-41164 is that of AleAnna, Inc. (Nasdaq: ANNA) for the quarter ended June 30, 2026. Revenues were $10,215,119 for the quarter against $4,030,410 a year earlier and $19,558,636 for the six months against $4,675,010, giving operating income of $1,913,273 and net income of $3,798,948 for the quarter, of which $2,357,589 or $0.06 per share is attributable to Class A stockholders after $1,441,359 to non-controlling interests. Cash and equivalents were $32,619,509 and total assets $107,297,637 against $101,296,320 at December 31, 2025. Why it matters: Revenue more than doubled year over year and the company is profitable at the operating line, but $27.4 million of contingent consideration — about a quarter of total assets — still sits on the balance sheet, and roughly 38% of the net income goes to non-controlling interests rather than to Class A holders. The Class C shares carry no economic claim visible in the equity section shown here.

What changed: AleAnna, Inc. furnished a press release dated August 13, 2026 reporting second quarter 2026 results: net income of $3.8 million and Adjusted EBITDA of $4.1 million, against approximately $0.6 million and $0.8 million respectively in the same quarter of 2025, with a cash position of $32.6 million at period end. Why it matters: Approximately $9.5 million of the quarter's $10.2 million of revenue comes from a single non-operated field, so the Gradizza project is the company's first control over its own production rather than an incremental addition. The 47% reserves increase is a third-party engineering estimate as of year-end 2025, not a production result, and Adjusted EBITDA is a non-GAAP measure the release defines itself.

What changed: AleAnna, Inc., successor to Swiftmerge Acquisition Corp., reported the results of its 2026 annual meeting held June 26, 2026. Of 66,934,400 shares outstanding on the April 28, 2026 record date, 64,849,313 were present or represented, 96.89% of the total. Stockholders voted on the proposals described in the definitive proxy filed April 30, 2026, including the election of Curtis Hebert Jr. and William K. Dirks as Class II directors serving until the 2029 annual meeting. Why it matters: A routine annual meeting with unusually high participation — nearly 97% of shares represented — which typically indicates concentrated ownership rather than broad retail engagement. Nothing in the reported proposals affects a trust or a redemption right.