Thayer Ventures Acquisition II reported no operating revenues for the period and recorded net income of $3.884 million, driven primarily by investment income earned on funds held in its trust account; there were no operating activities prior to a business combination. The company’s gross profit and operating income are not applicable given the absence of operating revenues. Net income reflects trust investment earnings of $5.107 million partially offset by general and administrative expenses and share-based compensation.
Financial Highlights
- Revenue: $0.000 million — no operating revenues reported prior to business combination.
- Gross Profit: $0.000 million — no operations or cost of goods reported.
- Net Income: $3.884 million — driven by earnings from trust account investments of $5.107 million offset by G&A and share-based compensation.
- Net Income Per Share: Not provided in source data.
Business Highlights
- Business Model: A Cayman Islands blank-check sponsor focused on acquiring one or more businesses through a business combination.
- Capital Deployment: Completed an IPO and private placement, placing $201.25 million in a trust to fund a target acquisition and post-combination operations.
- Operational Activity: Prior to a business combination, activities were limited to IPO preparation, target identification, due diligence, and public company compliance; no operating revenues were generated.
- Earnings / Use of Trust: Investment income earned on trust funds provided liquidity for potential taxes and to supplement funds available for a business combination and working capital needs.
Original SEC Filing:
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