Quarterly ResultApr 30, 2026, 04:46 PM
FVAV Q1 Net Income $794K; IPO & Over-allotment Completed
AI Summary
Fortress Value Acquisition Corp. V reported a net income of $794,187 for the three months ended March 31, 2026. The company successfully completed its Initial Public Offering (IPO) on February 27, 2026, raising $250.0 million, and the underwriter fully exercised its over-allotment option in March 2026 for an additional $37.5 million. A total of $287.5 million from the IPO and over-allotment, along with proceeds from a $2.0 million private placement, were placed into a Trust Account for future business combinations.
Key Highlights
- FVAV completed its IPO on Feb 27, 2026, raising $250.0M from 25M Class A shares.
- Underwriter fully exercised over-allotment option in March 2026, generating $37.5M.
- Private Placement of 200,000 shares with Sponsor generated $2.0M.
- Investments in Trust Account reached $288.3M as of March 31, 2026.
- Net income for Q1 2026 was $794,187, or $0.05 per share.
- Total Assets increased to $289.8M as of March 31, 2026.
- Cash balance outside Trust Account was $1.1M as of March 31, 2026.