Thayer Ventures Acquisition Corp II TVAI
We are a blank check company incorporated as an exempt company under the laws of the Cayman Islands for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to as our initial business combination. We have not commenced any operations nor generated any revenues to date. All activity for the period from April 23, 2024 (inception) through December 31, 2025, relates to the Company's formation and the initial public offering (the "Initial Public Offering" or "IPO") described below. We have generated no operating revenues to date, and we do not expect that we will generate operating revenues until we consummate our initial business combination. We are also an emerging growth company and, as such, we are subject to all of the risks associated with emerging growth companies.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| SG&A | $1.0M | — | — |
| Operating income | -$1.0M | — | — |
| Net income | $3.9M | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Cash and equivalents | $0 | $0 | — |
| Total current assets | $436.9K | $0 | — |
| Total assets | $206.8M | $622.8K | — |
| Accounts payable | $26.1K | $25.9K | — |
| Short-term debt | $0 | $0 | — |
| Total current liabilities | $155.5K | $662.2K | — |
| Total liabilities | $8.6M | $662.2K | — |
| Retained earnings | -$8.2M | -$64.4K | — |
| Total equity | -$8.2M | -$39.4K | $0 |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Operating cash flow | $617.1K | — | — |
| Stock-based compensation | $181.2K | — | — |
| Investing cash flow | -$201.2M | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-131579.
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| ALDF | Aldel Financial II Inc. | $322.7M | — | — |
| ATII | Archimedes Tech SPAC Partners II Co. | $315.1M | — | — |
| FGII | FG Imperii Acquisition Corp. | $289.7M | — | — |
| SOUL | Soulpower Acquisition Corp. | $268.0M | — | — |