Stellar V Capital Corp Unit(SVCCU) - 2025 Q1 - Quarterly Report

Financial Performance - For the three months ended March 31, 2025, the company reported a net income of $981,026, primarily from interest earned on marketable securities held in the Trust Account of $964,025[122]. - As of March 31, 2025, the company had marketable securities in the Trust Account totaling $152,014,025, which includes $964,025 of interest income[127]. - Cash used in operating activities for the three months ended March 31, 2025, was $313,305, with net income affected by interest earned and changes in overallotment liability[125]. Costs and Expenses - The company incurred total costs of $8,782,919 related to the IPO, including $3,000,000 in cash underwriting fees and $5,250,000 in deferred underwriting fees[126]. - The underwriters were entitled to an underwriting discount of $0.20 per unit, totaling $3,000,000, and a deferred fee of approximately $5.25 million[124]. - The company expects to incur significant costs in pursuing acquisition plans and cannot assure the success of completing a Business Combination[120]. Financial Position - The company has no long-term debt or significant liabilities, only incurring $10,000 per month for office space and administrative support[132]. - The company has no off-balance sheet financing arrangements or obligations as of December 31, 2024[131]. Going Concern - The company lacks sufficient financial resources to sustain operations for a reasonable period, raising substantial doubt about its ability to continue as a going concern[130]. - The company intends to use funds held in the Trust Account primarily to complete a Business Combination and may withdraw interest to pay taxes[127].