Stellar V Capital Corp. (Cayman Islands)

Stellar V Capital Corp. reported a net income of $823,386 for the second quarter of 2026, a decline from $1,437,118 in the same period last year. For the first six months of 2026, net income was $2,024,410, also lower than the $2,418,144 reported in the prior year. The company's cash balance significantly decreased to $61,051, and it recorded a working capital deficit of $433,116. Management has raised substantial doubt about the company's ability to continue as a going concern, citing a lack of financial resources and the need to complete a Business Combination by October 31, 2026, to avoid liquidation.

Stellar V Capital Corp. issued a $200,000 unsecured, non-interest-bearing promissory note to Nautilus Energy Management Corp., a company controlled by its Co-Chief Executive Officers. The note is repayable upon the consummation of a business combination and is convertible at Nautilus' election into 20,000 private placement units at $10.00 per unit.

Stellar V Capital Corp. (SVCC) reported a net income of $1.20 million for the three months ended March 31, 2026, an increase from $0.98 million in the prior year period. The company's cash balance decreased to $181,386, and its accumulated deficit grew to $5.11 million. Management issued a going concern warning, citing insufficient financial resources to sustain operations and the need to complete a business combination by October 31, 2026. Michael Braunstein was also elected as an independent Class II director.