Thayer Ventures Acquisition Corp II (TVAI) Form 10-Q — May 14, 2026
Thayer Ventures Acquisition Corp II reported net income of $993,698 for the quarter ended March 31, 2026, driven primarily by $1.82 million in earnings from its trust account investments. This income was partially offset by $498,282 in California franchise taxes and $329,669 in general and administrative costs. The company holds $208.2 million in its trust account, which is invested in money market funds, while maintaining only $131,087 in operating cash outside the trust. Management disclosed a working capital deficit of $431,627 and noted substantial doubt about the company's ability to continue as a going concern if it fails to complete a business combination by February 16, 2027.
Key figures
- Eps
- 0.04
- Net Income
- 993698
- Total Debt
- 9302574
- Total Assets
- 208469579
- Cash Position
- 131087
- Deferred Legal Fees
- 1011279
- Trust Account Balance
- 208178661
- California Franchise Tax
- 498282
- Deferred Underwriting Fees
- 7568750
- Earnings From Trust Account
- 1821649
- General And Administrative Costs
- 329669
Price after filing
Close on the filing date to close N calendar days later (from $10.27). Historical, not a forecast.
AI analysis
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