Vine Hill Capital Investment Corp. II Class A Ordinary Shares

VHCP: 10-Q · periodic report

Vine Hill Capital Investment Corp. II, a $230 million blank check company that completed its IPO on December 19, 2025, filed its Q2 2026 10-Q reporting quarterly net income of $1.6 million, or $0.05 per share, driven almost entirely by $2.1 million of interest income on its trust account. Operating expenses were $427,000 for the quarter and $864,000 for the six-month period. The trust account grew to $234.3 million at June 30, 2026 from $230.2 million at year-end 2025, while operating cash fell to $2.0 million after $807,000 was used in operations during the first half. Management states the company has sufficient funds for at least one year and does not expect to raise additional capital before a deal. The SPAC has not commenced operations, has not identified a target, and has held no substantive discussions with any business combination candidate. It must complete an initial business combination by December 19, 2027 or redeem all 23 million public shares at approximately $10.19 each and liquidate, and its shareholders' deficit widened to $6.2 million as redemption-value accretion outpaced earnings.

SEC 10-Q•2mo ago

VHCP: 10-Q · periodic report

Vine Hill Capital Investment Corp. II reported net income of $1.6 million for the three months ended March 31, 2026, driven primarily by $2.0 million in interest income earned on its trust account. The company remains in pre-deal status with no identified business combination target, generating no operating revenue. The SPAC holds $232.3 million in its trust account and $2.3 million in operating cash, with total assets of $234.9 million. Operating expenses for the quarter were $437,000, consisting of management compensation and professional fees related to maintaining public reporting compliance and searching for a target. Management confirmed that disclosure controls and procedures were effective as of March 31, 2026, and noted no material changes to risk factors from the initial prospectus. The company has until December 19, 2027, to complete an initial business combination or face liquidation.

SEC 10-Q•5mo ago