Thayer Ventures Acquisition Corporation II filed its quarterly report on Form 10-Q for the period ended September 30, 2026, with the SEC on November 13, 2026, disclosing financial results and balance sheet data for the blank-check special purpose acquisition company listed on NASDAQ:TVAI.

Key Highlights

  • Net income: The company reported net income of $2,312,212 for the three months ended September 30, 2026, compared to $1,970,034 for the same period in 2025, according to the filing.
  • Trust Account: Investments held in the Trust Account totaled $211,580,598 as of September 30, 2026, up from $206,357,012 at December 31, 2025.
  • Redemption value: The 20,125,000 Class A ordinary shares subject to possible redemption carried a redemption value of $10.53 per share as of September 30, 2026.
  • Shareholders' deficit: Total shareholders' deficit was $(9,058,895) as of September 30, 2026, compared to $(8,183,705) at December 31, 2025.
  • Cash position: Cash on hand stood at $2,169 as of September 30, 2026, down from $257,966 at December 31, 2025.
  • General and administrative costs: G&A costs for the nine months ended September 30, 2026 were $875,190, compared to $647,828 for the same period in 2025.
  • Share count: As of November 13, 2026, there were 20,487,500 Class A Ordinary Shares and 6,708,333 Class B Ordinary Shares issued and outstanding.

Thayer Ventures Acquisition Corp II: Q3 2026 Financial Position and Operating Results

Thayer Ventures Acquisition Corporation II, a Cayman Islands-incorporated blank-check special purpose acquisition company based in Valencia, California, reported its financial results for the three and nine months ended September 30, 2026. The company's Class A Ordinary Shares trade on the Nasdaq Stock Market under the symbol TVAI. As disclosed in the filing, the company is classified as a shell company, a non-accelerated filer, a smaller reporting company, and an emerging growth company.

According to the filing, total assets were $212,045,822 as of September 30, 2026, with the overwhelming majority held in the Trust Account. The company reported earnings from investments held in the Trust Account of $1,932,862 for the three months ended September 30, 2026, and $5,593,586 for the nine months ended September 30, 2026. General and administrative costs of $253,873 for the third quarter resulted in a loss from operations of $253,873 for that period, though total other income, net of $2,566,085 brought the quarter to a net income of $2,312,212.

The filing also disclosed that the company completed its Initial Public Offering on May 16, 2025, consisting of 20,125,000 Units, which included the full exercise by the underwriter of its over-allotment option of 2,625,000 Units. A deferred underwriting fee payable of $7,568,750 remained on the balance sheet as of September 30, 2026, unchanged from December 31, 2025. The accumulated deficit grew to $(9,059,602) as of September 30, 2026, from $(8,184,412) at year-end 2025, reflecting ongoing accretion of redeemable Class A ordinary shares to redemption value.

What Was Disclosed

Thayer Ventures Acquisition Corporation II disclosed its unaudited condensed financial statements for the quarter ended September 30, 2026, covering its balance sheet, income statement, changes in shareholders' deficit, and cash flows, as part of its Form 10-Q filed November 13, 2026.