Vine Hill Capital Investment Corp II (NASDAQ: VHCP) is a blank check special purpose acquisition company incorporated as a Cayman Islands exempted company on August 18, 2025, formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company raised $230,000,000 through an Initial Public Offering of 23,000,000 units at $10.00 per unit, which closed on December 19, 2025, with $230,000,000 deposited into a trust account held by Continental Stock Transfer & Trust Company. Simultaneously, the sponsor, Vine Hill Capital Sponsor II LLC, purchased 5,500,000 private placement warrants at $1.00 per warrant. As of December 31, 2025, the company held approximately $2.8 million in cash and cash equivalents outside the trust and approximately $2,734,000 in working capital. No acquisition target had been identified as of December 31, 2025. If no initial business combination is completed within the completion window, the company will redeem 100% of public shares at a per-share price equal to the trust account balance divided by shares outstanding.

Revenue model

The company generates no operating revenue. Income, if any, comes from interest earned on the $230,000,000 trust account. The company is structured as a blank check entity; its financial outcome depends entirely on completing an initial business combination or liquidating trust proceeds to shareholders.

Products and services

Units consisting of Class A ordinary shares and warrants, sold at $10.00 per unit in the December 19, 2025 IPO. Private placement warrants sold to the sponsor at $1.00 per warrant. Founder shares (Class B ordinary shares) issued to Vine Hill Capital Sponsor II LLC for $25,000 aggregate consideration.

Customers and end markets

Public shareholders who purchased units in the December 19, 2025 IPO. The end market is an undisclosed acquisition target; the company intends to focus on industries that complement its management team's background, but no specific sector or target had been identified as of December 31, 2025.

Value-chain role

Capital aggregator in the SPAC structure. The company pools IPO proceeds into a trust account and deploys that capital toward an initial business combination. Vine Hill Capital Sponsor II LLC acts as sponsor, holding founder shares and private placement warrants.

Geographic exposure

Incorporated in the Cayman Islands. No operating business or geographic revenue exposure as of December 31, 2025. The company states it may pursue acquisition targets in any business, industry, sector, or geographical location.

Source: SEC 10-K, filed 2026-03-30

Industry: Blank Checks