Stellar V Capital Corp (NASDAQ: SVCC) is a blank check company formed for the purpose of completing a merger, share exchange, asset acquisition, or similar business combination with one or more target businesses. The company generates no operating revenue. It raised $150,000,000 through an IPO of 15,000,000 units at $10.00 per unit, completed January 31, 2025, with an additional $5,550,000 raised through a concurrent private placement of 555,000 units to sponsor Stellar V Sponsor LLC and underwriter BTIG, LLC. As of December 31, 2025, $156,724,641 in marketable securities, consisting of U.S. Treasury Bills, was held in a Trust Account pending a business combination. The company was incorporated July 12, 2024, and faces mandatory liquidation if it cannot complete an initial business combination by October 31, 2026. Management has completed four previous SPAC transactions. Going concern doubt has been disclosed in the FY2025 10-K filed March 9, 2026.

Revenue model

No operating revenue. The company holds $156,724,641 in a Trust Account (as of December 31, 2025) invested in U.S. Treasury Bills, earning interest income of $5,674,641 during the year ended December 31, 2025. Value to public shareholders is realized either through a completed business combination or redemption at approximately $10.00 per share upon liquidation.

Products and services

Units consisting of one Class A ordinary share and one-half of one redeemable warrant, with each whole warrant exercisable to purchase one Class A ordinary share at $11.50. Class A ordinary shares and warrants traded separately on Nasdaq following the IPO.

Customers and end markets

Public investors who purchased units in the January 31, 2025 IPO. Target end market is a private operating company seeking access to public capital markets through a SPAC merger.

Value-chain role

SPAC sponsor and transaction vehicle. The company sources, evaluates, and negotiates a business combination that would take a private company public. Sponsor is Stellar V Sponsor LLC (Delaware). Underwriter is BTIG, LLC, which holds 190,000 private units and is owed a $5,250,000 deferred underwriting fee contingent on closing a business combination.

Geographic exposure

Incorporated as a Cayman Islands company. IPO conducted in the United States on Nasdaq. No disclosed geographic target restrictions for acquisition.

Source: SEC 10-K, filed 2026-03-09

Industry: Blank Checks