Quarterly ResultMay 14, 2026, 03:12 PM
Thayer Ventures II Q1 Net Income $993K; Trust Account $208.1M
AI Summary
Thayer Ventures Acquisition Corporation II, a blank check company, reported a net income of $993,698 for the three months ended March 31, 2026, a significant improvement from a net loss of $163,101 in the prior year. The company's Trust Account investments grew to $208.1 million, generating $1.82 million in earnings. Despite these positive financial results, the company faces a working capital deficit of $431,627 and has substantial doubt about its ability to continue as a going concern if it fails to complete a business combination by February 16, 2027.
Key Highlights
- Q1 2026 net income was $993,698, compared to a net loss of $163,101 in Q1 2025.
- Investments in Trust Account reached $208,178,661 as of March 31, 2026.
- Earnings from Trust Account investments totaled $1,821,649 for Q1 2026.
- Basic and diluted net income per redeemable Class A share was $0.04 for Q1 2026.
- Total assets increased to $208,469,579 as of March 31, 2026.
- Working capital deficit stood at $431,627 as of March 31, 2026.
- Company must complete a Business Combination by February 16, 2027.