EQV Ventures Acquisition Corp II (NASDAQ: EVAC) is a blank check special purpose acquisition company (SPAC) formed to identify and complete a merger or business combination with a private target. It generates no operating revenue. Instead, proceeds from its initial public offering are held in a trust account and returned to public shareholders if no business combination is completed within 24 months of the IPO, or deployed into an acquisition. The company is the second vehicle from the EQV Group, whose first SPAC (EQV Ventures Acquisition Corp I, or EQV I) completed a business combination with Presidio. Board members include Jerome C. Silvey, Jr., Vice Chairman at Starwood Capital Group, a real estate private equity firm with over $100 billion in assets under management as of the 10-K filed March 27, 2026. EVAC has issued Class A ordinary shares (par value $0.0001) and Class B ordinary shares (par value $0.0001) as of March 26, 2026. The company is incorporated as a Cayman Islands entity and is classified as an emerging growth company and smaller reporting company.

Revenue model

No operating revenue. Capital is raised through an IPO and held in trust. Economics to sponsors come from founder shares and private placement warrants, contingent on completing an initial business combination.

Products and services

Blank check company structure offering private businesses an alternative path to public markets through a merger or business combination. Public warrants and Class A ordinary shares are the primary securities issued.

Customers and end markets

Public shareholders seeking exposure to a yet-unnamed acquisition target. Target businesses are private companies seeking a public listing without a traditional IPO. No specific target industry or geography is disclosed in the 10-K filed March 27, 2026.

Value-chain role

Intermediary vehicle that pools public capital via IPO, holds proceeds in trust, and deploys them into a single acquisition target upon shareholder approval.

Geographic exposure

No operating assets or revenues. May pursue targets domestically or internationally, including non-U.S. businesses, as disclosed in the 10-K filed March 27, 2026.

Source: SEC 10-K, filed 2026-03-27

Industry: Blank Checks