Thunder Bridge Capital Partners V, Ltd. filed its quarterly report on Form 10-Q with the SEC on October 29, 2026, covering the quarter ended September 30, 2026, its first quarter following a completed initial public offering.

Key Highlights

  • Trust Account: Investments held in Trust Account totaled $301,502,927 as of September 30, 2026, compared to zero at December 31, 2025, according to the filing.
  • Shares Subject to Redemption: 30,015,000 Class A ordinary shares were subject to possible redemption at a redemption value of $10.03 per share as of September 30, 2026.
  • Net Income for Q3: The company reported net income of $1,057,015 for the three months ended September 30, 2026, driven primarily by $1,352,927 in interest earned on the Trust Account.
  • Shareholders' Deficit: Total shareholders' deficit stood at $(11,061,259) as of September 30, 2026, reflecting accretion of Class A ordinary shares to redemption value.
  • Private Placement Units: 747,000 Private Placement Units were sold for proceeds of $7,470,000 during the third quarter of 2026.
  • Deferred Underwriting Fee: A deferred underwriting fee payable of $12,789,000 was recorded as of September 30, 2026.
  • Share Count: As of October 29, 2026, there were 30,762,000 Class A ordinary shares and 7,503,750 Class B ordinary shares issued and outstanding.

Thunder Bridge Capital Partners V Reports First Post-IPO Quarter Financials

Thunder Bridge Capital Partners V, Ltd. (NASDAQ:TBCVU), a blank check company incorporated in the Cayman Islands, disclosed its first post-IPO financial results in its Form 10-Q for the quarter ended September 30, 2026. According to the filing, the company had no Trust Account assets or public shares outstanding as of December 31, 2025, reflecting that the IPO was completed during 2026. By September 30, 2026, the company reported total assets of $302,813,256, with the majority consisting of investments held in the Trust Account of $301,502,927.

For the three months ended September 30, 2026, the company reported formation, general and administrative costs of $297,713, resulting in a loss from operations of $297,713. Other income for the same period included $1,352,927 in interest earned on investments held in the Trust Account and $1,801 in bank interest income, producing net income of $1,057,015 for the quarter. For the nine months ended September 30, 2026, the company reported net income of $978,739, compared to a net loss of $(3,850) for the nine months ended September 30, 2025.

The filing disclosed that 30,015,000 Class A ordinary shares were subject to possible redemption at $10.03 per share as of September 30, 2026. The accumulated deficit reached $(11,062,084) as of that date, largely attributable to accretion of Class A ordinary shares to redemption value totaling $(22,776,359) recorded during the third quarter. The company also noted a deferred underwriting fee payable of $12,789,000. The filing indicated that the registrant had not filed all reports required during the preceding 12 months, as reflected by the "No" check mark in the compliance question on the cover page.

What Was Disclosed

Thunder Bridge Capital Partners V filed its Form 10-Q for the quarter ended September 30, 2026, reporting its first post-IPO balance sheet with $301,502,927 in trust, net income of $1,057,015 for the quarter, a shareholders' deficit of $(11,061,259), and a deferred underwriting fee of $12,789,000.