Thayer Ventures Acquisition Corp II
Business
Thayer Ventures Acquisition Corp II is a blank-check company incorporated in the Cayman Islands formed to effect a merger, share exchange, asset acquisition, or similar business combination with one or more operating businesses. The company has completed its initial public offering in May 2025 and holds proceeds in a trust account for deployment toward identifying and completing a business combination. The management team focuses on target businesses in the travel and transportation industries, leveraging decades of combined investment and operating experience in those sectors.
Summary from 10-K filed 2026-07-01
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 |
|---|---|---|
| General and administrative expenses | 1 | |
| Loss from operations | −1 | |
| Share-based compensation expense | −181,250 | |
| Earnings from investments held in Trust Account | 5 | |
| Total other income, net | 5 | |
| Net income (loss) | 4 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2024 2024-04-30 |
|---|---|---|---|---|
| Cash | 257,966 | 0 | — | |
| Prepaid expenses | 178,897 | 0 | — | |
| Total Current Assets | 436,863 | 0 | — | |
| Deferred offering costs | 0 | 622,778 | — | |
| Long-term prepaid insurance | 23,832 | 0 | — | |
| Investments held in Trust Account | 206 | 0 | — | |
| Total Assets | 207 | 622,778 | — | |
| Accounts payable and accrued expenses | 26,100 | 25,920 | — | |
| Accrued offering costs | 128,100 | 575,875 | — | |
| Due to related party | 1,300 | 0 | — | |
| Promissory note - related party | 10 | 60,400 | — | |
| Total Current Liabilities | 155,510 | 662,195 | — | |
| Deferred legal fees | 920,140 | 0 | — | |
| Deferred underwriting fee payable | 8 | 0 | — | |
| Total Liabilities | 9 | 662,195 | — | |
| Commitments and Contingencies (Note 5) | — | — | — | |
| Class A ordinary shares subject to possible redemption, 20,125,000 and no shares at redemption value of $10.25 and $0 per share as of December 31, 2025 and 2024, respectively | 206 | 0 | — | |
| Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding as of December 31, 2025 and 2024 | 0 | 0 | — | |
| Additional paid-in capital | 0 | 24,329 | — | |
| Accumulated deficit | −8 | −64,417 | — | |
| Total Shareholders' Deficit | −8 | −39,417 | 0 | |
| Total Liabilities, Ordinary Shares Subject to Possible Redemption and Shareholders' Deficit | 207 | 622,778 | — |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 |
|---|---|---|
| Formation costs paid by Sponsor in exchange for issuance of Class B ordinary shares | 0 | |
| Payment of operation costs through promissory note | 10,000 | |
| Deferred legal fees | 168,711 | |
| Prepaid expenses | −202,729 | |
| Due from Sponsor | 2 | |
| Due to related party | 1,300 | |
| Accounts payable and accrued expenses | 18,180 | |
| Net cash provided by operating activities | 617,097 | |
| Investment of cash in Trust Account | −201 | |
| Net cash used in investing activities | −201 | |
| Proceeds from sale of Units, net of underwriting discounts paid | 198 | |
| Proceeds from sale of Private Placement Units | 4 | |
| Underwriters' reimbursement | 2 | |
| Advances from Sponsor | −2 | |
| Proceeds from promissory note | −158,853 | |
| Payment of offering costs | −661,673 | |
| Net cash provided by financing activities | 201 | |
| Net Change in Cash | 257,966 | |
| Deferred offering costs included in accrued offering costs | 244,346 | |
| Deferred offering costs paid by Sponsor in exchange for issuance of Class B ordinary shares | 0 | |
| Offering costs included in deferred legal fees | 751,429 | |
| Deferred offering costs paid through promissory note related party | 40,015 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Thayer Ventures Acquisition Corp II's CIK number?
Thayer Ventures Acquisition Corp II's SEC CIK number is 0001872228 (1872228). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Thayer Ventures Acquisition Corp II's SEC filings?
All of Thayer Ventures Acquisition Corp II's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.