Thayer Ventures Acquisition Corporation II, a blank-check special purpose acquisition company incorporated in the Cayman Islands and listed on NASDAQ:TVAI, filed its quarterly report on Form 10-Q for the period ended June 30, 2026, with the SEC on August 13, 2026.

Key Highlights

  • Net income: The company reported net income of $1,410,634 for the three months ended June 30, 2026, compared to $490,729 for the same period in 2025.
  • Trust Account: Investments held in the Trust Account totaled $209,647,736 as of June 30, 2026, up from $206,357,012 as of December 31, 2025.
  • Shares outstanding: As of August 13, 2026, there were 20,487,500 Class A Ordinary Shares and 6,708,333 Class B Ordinary Shares issued and outstanding.
  • Redemption value: 20,125,000 Class A ordinary shares subject to possible redemption carried a redemption value of $10.40 per share as of June 30, 2026.
  • Shareholders' deficit: Total shareholders' deficit was $(8,805,022) as of June 30, 2026, compared to $(8,183,705) as of December 31, 2025.
  • California franchise tax: The company recorded a California franchise tax expense of $635,075 for the six months ended June 30, 2026, with $265,075 payable as of the balance sheet date.
  • Cash position: Cash on hand declined to $2,169 as of June 30, 2026, from $257,966 as of December 31, 2025.

Thayer Ventures Acquisition Corp II: Q2 2026 Financial Position and Operating Results

Thayer Ventures Acquisition Corporation II is a blank-check company incorporated in the Cayman Islands and headquartered at 25852 McBean Parkway Suite 508, Valencia, CA 91355. The company, which identifies itself as a shell company under Rule 12b-2 of the Exchange Act, completed its Initial Public Offering of 20,125,000 Units on May 16, 2025, including the full exercise by the underwriters of their over-allotment option of 2,625,000 Units. The company's securities trade on The Nasdaq Stock Market LLC under the symbols TVAI (Class A Ordinary Shares), TVAIU (Units), and TVAIR (Rights), according to the filing.

For the six months ended June 30, 2026, the company reported net income of $2,404,332, driven primarily by earnings from investments held in the Trust Account of $3,660,724, which more than offset general and administrative costs of $621,317 and a California franchise tax charge of $635,075. Basic and diluted net income per redeemable Class A ordinary share was $0.09 for the six-month period, the filing disclosed. Total assets stood at $209,812,425 as of June 30, 2026, with the Trust Account representing the substantial majority of that figure.

The balance sheet reflects a deferred underwriting fee payable of $7,568,750 and deferred legal fees of $934,079, both of which contributed to total liabilities of $9,234,786 as of June 30, 2026. The accumulated deficit widened to $(8,805,729) over the period, reflecting accretion of redeemable Class A ordinary shares to their redemption amount. The company reported that as of June 30, 2026, the Due to Sponsor balance was $162,738, a line that carried no balance as of December 31, 2025, according to the condensed balance sheets included in the filing.

What Was Disclosed

The filing covers Thayer Ventures Acquisition Corporation II's unaudited financial statements for the quarter and six months ended June 30, 2026, including balance sheet data, income statement results, changes in shareholders' deficit, and cash flow information for the blank-check SPAC.