Thayer Ventures Acquisition Corp II
For the period ended Jun 30, 2026. Filed Aug 13, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2026 · Filed Aug 13, 2026
TVAI$10.48+0.2%Stored close · as of Nov 6, 2026
What changed in Management’s Discussion and Analysis?
Read the current filingPrevious report: 10-Q
Period ended 2026-03-31; filed 2026-05-14.
0001193125-26-223754
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsCurrent report: 10-Q
Period ended 2026-06-30; filed 2026-08-13.
0001193125-26-349573
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsThe baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.
Compared 31 previous paragraphs and 35 current paragraphs.
25 unchanged; 5 reworded; 5 added; 1 removed; 0 previous and 0 current paragraphs rearranged.
Tables are not compared: 0 previous and 0 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.
A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.
Added paragraphs (5)
Current report
For the six months ended June 30, 2026, we had a net income of $2,404,332, which consisted of earnings from investments held in Trust Account of $3,660,724 offset by California franchise tax of $635,075 and general and administrative costs of $621,317.
Current report
For the three months ended June 30, 2025, we had a net income of $490,729, which consisted of earnings from investments held in Trust Account of $998,578, offset by general and administrative costs of $471,599 and share-based compensation expense of $36,250.
Current report
For the six months ended June 30, 2025, we had a net income of $327,628, which consisted of earnings from investments held in Trust Account of $998,578, offset by general and administrative costs of $489,700 and share-based compensation expense of $181,250.
Current report
For the six months ended June 30, 2026, cash provided by investing activities included $370,000 withdrawn from the trust account for the payment of taxes.
Current report
For the six months ended June 30, 2025, cash used in investing activities included $201,250,000 invested in the trust account.
Removed paragraphs (1)
Previous report
For the three months ended March 31, 2025, we had a net loss of $163,101, which consisted of compensation expense of $145,000 and general and administrative expenses of $18,101.
Reworded paragraphs (5)
Previous wording
For the three months ended March 31, 2026, we had a net income of $993,698, which consisted of earnings from investments held in Trust Account of $1,821,649 offset by California franchise tax of $498,282 and general and administrative costs of $329,669.
Current wording
For the three months ended June 30, 2026, we had a net income of $1,410,634, which consisted of earnings from investments held in Trust Account of $1,839,075 offset by California franchise tax of $136,793 and general and administrative costs of $291,648.
Previous wording
For the three months ended March 31, 2026, cash provided by operating activities was $126,879. Net income of $993,698 was affected by earnings from investments held in the Trust Account of $1,821,649 and deferred legal fees of $91,139. Changes in operating assets and liabilities provided $609,933 of cash for operating activities.
Current wording
For the six months ended June 30, 2026, cash used in by operating activities was $625,787. Net income of $2,404,332 was affected by earnings from investments held in the Trust Account of $3,660,724 and deferred legal fees of $13,939. Changes in operating assets and liabilities provided $616,666 of cash for operating activities.
Previous wording
For the three months ended March 31, 2025, cash used in operating activities was $0. Net loss of $163,101 was affected by compensation expense of $145,000 and payment of operation costs through promissory note of $10,001. Changes in operating assets and liabilities provided $8,100 of cash for operating activities.
Current wording
For the six months ended June 30, 2025, cash provided by operating activities was $869,178. Net income of $327,628 was affected by payment of operation costs through promissory note of $10,000, earnings from investments held in the Trust Account of $998,578, deferred legal fees of $60,016 and compensation expense of $181,250. Changes in operating assets and liabilities provided $1,288,862 of cash for operating activities.
Previous wording
As of March 31, 2026, our investment in the trust account consisted of money market funds of $208,178,661. We may withdraw earnings from the Trust Account to pay taxes. We intend to use substantially all of the funds held in the Trust Account, including any amounts representing earnings earned on the Trust Account (less taxes payable, if any), to complete our Business Combination. To the extent that our share capital or debt is used, in whole or in part, as consideration to complete our Business Combination, the remaining proceeds held in the Trust Account will be used as working capital to finance the operations of the target business or businesses, make other acquisitions and pursue our growth strategies.
Current wording
As of June 30, 2026, our investment in the trust account consisted of money market funds of $209,647,736. We may withdraw earnings from the Trust Account to pay taxes. We intend to use substantially all of the funds held in the Trust Account, including any amounts representing earnings earned on the Trust Account (less taxes payable, if any), to complete our Business Combination. To the extent that our share capital or debt is used, in whole or in part, as consideration to complete our Business Combination, the remaining proceeds held in the Trust Account will be used as working capital to finance the operations of the target business or businesses, make other acquisitions and pursue our growth strategies.
Previous wording
As of March 31, 2026, we had cash of $131,087. We intend to use the funds held outside the Trust Account primarily to identify and evaluate target businesses, perform business due diligence on prospective target businesses, travel to and from the offices, plants or similar locations of prospective target businesses or their representatives or owners, review corporate documents and material agreements of prospective target businesses, and structure, negotiate and complete a Business Combination.
Current wording
As of June 30, 2026, we had cash of $2,169. We intend to use the funds held outside the Trust Account primarily to identify and evaluate target businesses, perform business due diligence on prospective target businesses, travel to and from the offices, plants or similar locations of prospective target businesses or their representatives or owners, review corporate documents and material agreements of prospective target businesses, and structure, negotiate and complete a Business Combination.