Thayer Ventures Acquisition Corp II reported first-quarter 2026 results showing a swing to profit, with net income of $993698 and diluted earnings per share of $0.04, compared with a net loss of $163101 and diluted EPS of $(0.03) in the year-ago quarter.
Financial Highlights
- Net income: $993,698 for Q1 2026, versus $(163,101) in Q1 2025 (improvement from a loss to profit year over year).
- Diluted EPS: $0.04 per share for Q1 2026 for both redeemable and non-redeemable classes; prior-year Q1 diluted EPS was $(0.03) for non-redeemable shares.
- Trust investment earnings: $1,821,649 in Q1 2026 largely offsetting $498,282 California franchise tax and $329,669 general and administrative expenses, driving the year-over-year improvement.
Business Highlights
- Blank-check focus: The company is a special purpose acquisition company formed to complete a business combination using IPO and private placement proceeds.
- No operating revenues to date; primary activity remains IPO preparation, target identification and due diligence for a business combination.
- Substantially all proceeds are held in a trust to fund a future acquisition; trust earnings can be used for taxes and will be available after a business combination.
- Ongoing public-company costs were incurred for legal, accounting, reporting and due diligence related to pursuing a business combination.
Original SEC Filing:
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