Stellar V Capital Corp Unit(SVCCU) - 2025 Q3 - Quarterly Report

Financial Performance - For the three months ended September 30, 2025, the company reported a net income of $1,496,261, primarily from interest earned on marketable securities held in the Trust Account of $1,609,680, after deducting general and administrative costs of $113,419 [122]. - For the nine months ended September 30, 2025, the company achieved a net income of $3,914,405, which included interest income of $4,163,505 and a change on overallotment liability of $221,454, offset by general and administrative costs of $470,554 [123]. - Cash used in operating activities for the nine months ended September 30, 2025, was $507,441, with net income impacted by interest earned and changes in overallotment liability [126]. Assets and Securities - As of September 30, 2025, the company had marketable securities in the Trust Account totaling $155,213,505, which included $4,163,505 of interest income [129]. - The company has cash of $424,623 as of September 30, 2025, intended for identifying and evaluating target businesses [130]. Costs and Expenses - The company incurred total offering costs of $8,782,919, which included a cash underwriting fee of $3,000,000 and a deferred underwriting fee of $5,250,000 [128]. - The company has no long-term debt or off-balance sheet financing arrangements as of September 30, 2025, and incurs a monthly fee of $10,000 for office space and administrative support [133][134]. Business Operations and Future Plans - The company plans to utilize funds from the Trust Account to complete a Business Combination and may withdraw interest to pay taxes [129]. - Management has expressed substantial doubt about the company's ability to continue as a going concern if a Business Combination is not completed by October 31, 2026 [132]. - The company has not engaged in any operations or generated operating revenues to date, with expectations to do so only after completing a Business Combination [121].