Stellar V Capital Corp. (Cayman Islands)
For the period ended Dec 31, 2025. Filed Mar 9, 2026.
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FY2025 · Filed Mar 9, 2026
SVCC$11.19+0.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Balance Sheets as of December 31, 2025 and 2024
BALANCE SHEETS
| December 31, | December 31, | |
|---|---|---|
| 2025 | 2024 | |
| Assets | ||
| Current assets | ||
| Cash | $354,108 | $— |
| Prepaid insurance | 85,000 | — |
| Prepaid expenses | 5,526 | 3,208 |
| Total current assets | 444,634 | 3,208 |
| Deferred offering costs | — | 359,679 |
| Long-Term prepaid insurance | 6,626 | — |
| Marketable securities held in Trust Account | 156,724,641 | — |
| Total Assets | $157,175,901 | $362,887 |
| Liabilities, Class A Ordinary Shares Subject to Possible Redemption, and Shareholders’ Deficit | ||
| Current liabilities | ||
| Accounts payable and accrued expenses | $49,120 | $19,013 |
| Accrued offering costs | 75,000 | 227,000 |
| Promissory note - related party | — | 167,696 |
| Total current liabilities | 124,120 | 413,709 |
| Deferred underwriting fee | 5,250,000 | — |
| Total Liabilities | 5,374,120 | 413,709 |
| Commitments (Note 6) | ||
| Class A ordinary shares subject to possible redemption, 15,000,000 shares at redemption value of $10.45 and $0 per share at December 31, 2025 and 2024, respectively | 156,724,641 | — |
| Shareholders’ Deficit | ||
| Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding at December 31, 2025 and 2024 | — | — |
| Class A ordinary shares, $0.0001 par value; 489,000,000 shares authorized; 555,000 and no shares issued and outstanding (excluding 15,000,000 and 0 shares subject to possible redemption) at December 31, 2025 and 2024, respectively | 56 | — |
| Class B ordinary shares, $0.0001 par value; 10,000,000 shares authorized; 6,059,925 shares issued and outstanding at December 31, 2025 and 2024 (1) | 606 | 606 |
| Additional paid-in capital | — | 106,144 |
| Accumulated deficit | (4,923,522) | (157,572) |
| Total Shareholders’ Deficit | (4,922,860) | (50,822) |
| Total Liabilities, Class A Ordinary Shares Subject to Possible Redemption, and Shareholders’ Deficit | $157,175,901 | $362,887 |
| (1) | On October 2, 2024, the Company, through a share capitalization, issued the Sponsor an additional 1,747,425 Class B ordinary shares as bonus shares, as a result of which the Sponsor has purchased an aggregate of 6,059,925 Class B ordinary shares. All share and per share data has been retrospectively presented. |
STATEMENTS OF OPERATIONS
| For the Year Ended December 31, 2025 | For the period from July 12, 2024 (inception) through December 31, 2024 | |
|---|---|---|
| General and administrative costs | $589,119 | $75,822 |
| Loss from Operations | (589,119) | (75,822) |
| Other income (expense): | ||
| Change in fair value of over-allotment option liability | 221,454 | — |
| Share-based compensation expense | — | (81,750) |
| Interest earned on marketable securities held in Trust Account | 5,674,641 | — |
| Total other income (expense) | 5,896,095 | (81,750) |
| Net income (loss) | $5,306,976 | $(157,572) |
| Basic and diluted weighted average shares outstanding, Class A ordinary shares | 14,233,890 | — |
| Basic and diluted net income (loss) per share, Class A ordinary shares | $0.26 | $— |
| Basic and diluted weighted average shares outstanding, Class B ordinary shares (1) | 6,059,925 | 6,059,925 |
| Basic and diluted net income (loss) per share, Class B ordinary shares | $0.26 | $(0.03) |
| (1) | On October 2, 2024, the Company, through a share capitalization, issued the Sponsor an additional 1,747,425 Class B ordinary shares as bonus shares, as a result of which the Sponsor has purchased an aggregate of 6,059,925 Class B ordinary shares. All share and per share data has been retrospectively presented. |
STATEMENTS OF CHANGES IN SHAREHOLDERS’ DEFICIT
| Class A Ordinary Shares · Class B Ordinary Shares · Additional Paid-in · Accumulated · Total Shareholders’ | |||||||
|---|---|---|---|---|---|---|---|
| Shares | Amount | Shares | Amount | Capital | Deficit | Deficit | |
| Balance — July 12, 2024 (inception) | — | $— | — | $— | $— | $— | $— |
| Issuance of Class B ordinary shares to Sponsor(1) | — | — | 6,059,925 | 606 | 24,394 | — | 25,000 |
| Share-based compensation expense to independent director nominees | — | — | — | — | 81,750 | — | 81,750 |
| Net loss | — | — | — | — | — | (157,572) | (157,572) |
| Balance – December 31, 2024 | — | — | 6,059,925 | 606 | 106,144 | (157,572) | (50,822) |
| Sale of 555,000 Private Placement Units | 555,000 | 56 | — | — | 5,549,944 | — | 5,550,000 |
| Fair value of Public Warrants at issuance | — | — | — | — | 1,222,500 | — | 1,222,500 |
| Allocated value of transaction costs to Private Placement shares, Public Warrants and over-allotment liability | — | — | — | — | (103,379) | — | (103,379) |
| Accretion of Class A ordinary shares to redemption amount | — | — | — | — | (6,775,209) | (10,072,926) | (16,848,135) |
| Net income | — | — | — | — | — | 5,306,976 | 5,306,976 |
| Balance – December 31, 2025 | 555,000 | $56 | 6,059,925 | $606 | $— | $(4,923,522) | $(4,922,860) |
| (1) | On October 2, 2024, the Company, through a share capitalization, issued the Sponsor an additional 1,747,425 Class B ordinary shares as bonus shares, as a result of which the Sponsor has purchased an aggregate of 6,059,925 Class B ordinary shares. All share and per share data has been retrospectively presented. |
STATEMENTS OF CASH FLOWS
| For the Year Ended December 31, 2025 | For the period from July 12, 2024 (inception) through December 31, 2024 | |
|---|---|---|
| Cash Flows from Operating Activities: | ||
| Net income (loss) | $5,306,976 | $(157,572) |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: | ||
| Formation costs paid by Sponsor in exchange for issuance of Class B ordinary shares | — | 7,817 |
| Share-based compensation expense | — | 81,750 |
| Payment of general and administrative costs through promissory note | 3,208 | 48,992 |
| Interest earned on marketable securities held in Trust Account | (5,674,641) | — |
| Change in fair value of over-allotment liability | (221,454) | — |
| Changes in operating assets and liabilities: | ||
| Prepaid expenses | 69,474 | — |
| Prepaid insurance | (85,000) | — |
| Long-Term prepaid insurance | (6,626) | — |
| Accounts payable and accrued expenses | 30,107 | 19,013 |
| Net cash used in operating activities | (577,956) | — |
| Cash Flows from Investing Activities: | ||
| Investment of cash into Trust Account | (151,050,000) | — |
| Net cash used in investing activities | (151,050,000) | — |
| Cash Flows from Financing Activities: | ||
| Proceeds from sale of Units, net of underwriting discounts paid | 147,000,000 | — |
| Proceeds from sale of Private Placement Units | 5,550,000 | — |
| Due from Sponsor | 25,000 | — |
| Repayment of due from Sponsor | (25,000) | — |
| Repayment of promissory note - related party | (242,696) | — |
| Payment of offering costs | (325,240) | — |
| Net cash provided by financing activities | 151,982,064 | — |
| Net Change in Cash | 354,108 | — |
| Cash – Beginning of period | — | — |
| Cash – End of period | $354,108 | $— |
| Non-cash financing activities: | ||
| Offering costs included in accrued offering costs | $75,000 | $227,000 |
| Deferred offering costs paid by Sponsor in exchange for issuance of Class B ordinary shares | $— | $25,000 |
| Deferred offering costs paid through promissory note – related party | $— | $107,679 |
| Prepaid expenses paid through promissory note - related party | $— | $3,208 |
| Prepaid services contributed by Sponsor through promissory note - related party | $75,000 | $— |
| Accretion of Class A ordinary shares to redemption amount | $16,848,135 | $— |
| Deferred underwriting fee payable | $5,250,000 | $— |
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