Fortress Value Acquisition Corp V (FVAV) is a blank check company formed for the purpose of completing a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company generates no operating revenue. Its capital base consists of trust account assets held from its Initial Public Offering, which closed February 27, 2026, raising gross proceeds of $250.0 million from 25,000,000 Class A ordinary shares at $10.00 per share, plus an additional $37.5 million from the underwriter's over-allotment exercise in March 2026, for combined IPO gross proceeds of $287.5 million. A concurrent private placement of 200,000 shares to sponsor Fortress Value Acquisition Sponsor V LLC generated an additional $2.0 million. Total offering costs were $17.0 million, inclusive of approximately $15.9 million in deferred underwriting commissions. The company pays an affiliate of its sponsor $20,000 per month for office space and administrative services, beginning February 2026, until a business combination or liquidation occurs (per the 10-Q filed April 30, 2026).

Revenue model

No operating revenue. Income derives from interest and dividends on investments held in the Trust Account. The company's financial outcome depends entirely on completing an initial business combination.

Products and services

Blank check SPAC structure. Class A ordinary shares (public) and Class B ordinary shares (founder shares issued to sponsor). Private placement shares issued to sponsor at $10.00 per share.

Customers and end markets

No customers or end markets. The company's counterparties are its public shareholders, its sponsor (Fortress Value Acquisition Sponsor V LLC), and an as-yet-unidentified acquisition target.

Value-chain role

Special purpose acquisition company. Raises capital from public investors via IPO, holds proceeds in trust, and seeks a merger or acquisition target to combine with.

Geographic exposure

Incorporated as a Cayman Islands entity. IPO conducted in the United States. No operating geographic footprint disclosed in the 10-Q filed April 30, 2026.

Source: SEC 10-Q, filed 2026-04-30

Industry: Blank Checks