EQV Ventures Acquisition Corp. II, a blank check company focused on effecting a merger or similar business combination, has released its Form 10-Q report for the quarter ended September 30, 2025. The report provides a detailed overview of the company's financial performance and operational activities as it continues to seek a target for a business combination.
Financial Highlights
- Net Income: $4.46 million for the three months ended September 30, 2025, driven by interest income on marketable securities held in the Trust Account.
- Net Income: $4.41 million for the nine months ended September 30, 2025, primarily due to interest income on marketable securities held in the Trust Account.
- Basic net income per ordinary share, Class A ordinary shares: $0.08 for the three months ended September 30, 2025.
- Basic net income per ordinary share, Class A ordinary shares: $0.17 for the nine months ended September 30, 2025.
- Basic net income per ordinary share, Class B ordinary shares: $0.08 for the three months ended September 30, 2025.
- Basic net income per ordinary share, Class B ordinary shares: $0.17 for the nine months ended September 30, 2025.
- Diluted net income per ordinary share, Class B ordinary shares: $0.08 for the three months ended September 30, 2025.
- Diluted net income per ordinary share, Class B ordinary shares: $0.16 for the nine months ended September 30, 2025.
Business Highlights
- Business Overview: EQV Ventures Acquisition Corp. II is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company is currently in the process of identifying a target for a business combination.
- Operational Activities: Since its inception on September 9, 2024, the company has not commenced any operations. All activities to date have been related to the company's formation, the initial public offering, and identifying a target company for a business combination.
- Segment Information: The company operates as a single reportable segment, with the Chief Financial Officer acting as the Chief Operating Decision Maker (CODM). The CODM assesses performance based on net income or loss, as reported in the unaudited condensed statements of operations.
- Trust Account Management: As of September 30, 2025, the company had $464,765,664 held in a Trust Account, which is intended to be used for completing a business combination. The funds are invested in U.S. treasury bills with a maturity of 185 days or less.
- Future Outlook: The company expects to incur significant costs in pursuit of its acquisition plans and is focused on completing a business combination within the specified timeframe. The management has broad discretion in applying the net proceeds from the initial public offering towards consummating a business combination.
- Administrative Services Agreement: The company has an agreement with an affiliate of the Sponsor to pay a monthly fee of $40,000 for office space, utilities, secretarial support, and administrative support, which will terminate upon completion of a business combination.
SEC Filing: