bebe stores inc (BEBE) is a blank check company structured as a special purpose acquisition company (SPAC) that is seeking to identify and complete a business combination with a target business. The company generates no operating revenue. It holds funds raised through its initial public offering in a trust account, with a separate pool of cash outside the trust used for due diligence, deal sourcing, and transaction costs related to a potential business combination. As of March 31, 2026, the company held $642,920 in cash at bank for working capital purposes and had $150,426 outstanding under a non-interest-bearing promissory note issued by its sponsor, TGE SpiderNet Capital Group LLC, on July 31, 2025, with a maximum borrowing capacity of $250,000. The company is incorporated as a Cayman Islands entity and files as a smaller reporting company. No business combination had been completed as of the filing date of the 10-Q on May 13, 2026.

Revenue model

No operating revenue. The company is pre-combination and relies on trust account proceeds and sponsor-provided working capital loans to fund operations.

Products and services

Blank check SPAC vehicle seeking a business combination target. No products or services as of the 10-Q filed May 13, 2026.

Customers and end markets

No customers or end markets. The company is a SPAC in the target-search phase as of May 13, 2026.

Value-chain role

SPAC sponsor vehicle providing acquisition capital and deal structuring for a future business combination target.

Geographic exposure

Incorporated in Cayman Islands. Files with the SEC as a U.S.-regulated entity. No operational geographic footprint disclosed in the 10-Q filed May 13, 2026.

Source: SEC 10-Q, filed 2026-05-13

Industry: Blank Checks