The latest financial statement is for the quarter ending 2026-03-31.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income (loss) | 993,698 | 1,586,130 | 1,970,034 | 327,628 |
| Formation costs paid by sponsor in exchange for issuance of classb ordinary shares | - | 0 | 0 | 0 |
| Compensation expense | 0 | 0 | 0 | 181,250 |
| Payment of operation costs through promissory note | 0 | 0 | 0 | 10,000 |
| Deferred legal fees | 91,139 | 108,695 | 0 | 60,016 |
| Earnings from investments held in trust account | 1,821,649 | 1,980,272 | 2,128,162 | 998,578 |
| Prepaid expenses | -42,898 | -51,480 | -32,701 | 286,910 |
| Due from sponsor | - | 0 | -142,506 | -1,521,099 |
| Due to related party | - | 0 | 0 | 1,300 |
| California franchise taxes payable | 498,282 | - | - | - |
| Accounts payable and accrued expenses | 68,753 | -26,114 | -9,079 | 53,373 |
| Net cash used in operating activities | -126,879 | -260,081 | 8,000 | 869,178 |
| Investment of cash in trust account | - | 0 | 0 | 201,250,000 |
| Net cash used in investing activities | - | 0 | 0 | -201,250,000 |
| Proceeds from sale of units, net of underwriting discounts paid | - | 0 | 0 | 197,750,000 |
| Proceeds from sale of private placement units | - | 0 | 0 | 3,625,000 |
| Underwriters' reimbursement | - | 0 | 0 | 2,000,000 |
| Advances from sponsor | - | 461,395 | 0 | -2,125,000 |
| Proceeds from promissory note | - | 0 | 0 | -158,853 |
| Payment of offering costs | - | -56,652 | 8,000 | 710,325 |
| Net cash provided by financing activities | - | 518,047 | -8,000 | 200,380,822 |
| Net change in cash | -126,879 | 257,966 | 0 | 0 |
| Cash beginning of period | 257,966 | 0 | 0 | - |
| Cash end of period | 131,087 | 257,966 | 0 | - |
Thayer Ventures Acquisition Corp II (TVAI)
Thayer Ventures Acquisition Corp II (TVAI)