Stellar V Capital Corp. (Cayman Islands) reported first-quarter 2026 results with net income of $1.201M, up 22.4% from $981K a year earlier, while diluted earnings per share remained at $0.06— 10-Q Summary.
Financial Highlights
- Net income was $1.201M for 1Q 2026, compared with $981.0K in 1Q 2025; YoY change 22.4%.
- Diluted EPS was $0.06 for 1Q 2026, unchanged from $0.06 in 1Q 2025.
- Revenue: Not disclosed for the quarter and therefore omitted per report data.
Business Highlights
- Business model: Operates as a blank‑check company formed to pursue a Business Combination using IPO and private placement proceeds.
- Operations: No operating revenues to date; primary activities during the quarter were organizational, IPO preparation and searching for a target.
- Capital: $151.05M placed in Trust (U.S. Treasury bills) to fund a future Business Combination and related post‑closing operations.
- Expenses & runway: The company expects increased public‑company and due‑diligence expenses; going concern depends on completing a Business Combination by Oct 31, 2026.
- Interest income: Earning interest on Trust assets to be used for the Business Combination or working capital for the target.
Original SEC Filing:
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