| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Net income (loss) | 2,297,662 | 327,628 |
| Formation costs paid by sponsor in exchange for issuance of classb ordinary shares | 0 | 0 |
| Payment of operation costs through promissory note | 10,000 | 10,000 |
| Earnings from investments held in trust account | 3,126,740 | 998,578 |
| Deferred legal fees | 60,016 | 60,016 |
| Share-based compensation expense | 181,250 | 181,250 |
| Prepaid expenses | 254,209 | 286,910 |
| Due from sponsor | -1,663,605 | -1,521,099 |
| Due to related party | 1,300 | 1,300 |
| Accounts payable and accrued expenses | 44,294 | 53,373 |
| Net cash used in operating activities | 877,178 | 869,178 |
| Investment of cash in trust account | 201,250,000 | 201,250,000 |
| Net cash used in investing activities | -201,250,000 | -201,250,000 |
| Proceeds from sale of units, net of underwriting discounts paid | 197,750,000 | 197,750,000 |
| Proceeds from sale of private placement units | 3,625,000 | 3,625,000 |
| Underwriters' reimbursement | 2,000,000 | 2,000,000 |
| Due from sponsor | -2,125,000 | -2,125,000 |
| Proceeds from promissory note | -158,853 | -158,853 |
| Payment of offering costs | 718,325 | 710,325 |
| Net cash provided by financing activities | 200,372,822 | 200,380,822 |
| Net change in cash | 0 | 0 |
| Cash and cash equivalents at beginning of period | 0 | - |
| Cash and cash equivalents at end of period | 0 | - |
Thayer Ventures Acquisition Corp II (TVAI)
Thayer Ventures Acquisition Corp II (TVAI)