Fed Governor Cook sues Trump over firing attempt
Thayer Ventures Acquisition Corp II (NASDAQ:TVAI), a special purpose acquisition company, has announced the successful completion of its initial public offering (IPO) and the related private placement in a recent SEC filing. On Monday, May 16, 2025, the company sold 20,125,000 units at $10.00 each, raising $201,250,000 in gross proceeds, which included the underwriters’ full exercise of their over-allotment option.
In conjunction with the IPO, Thayer Ventures also completed a private placement of 362,500 units at the same price per unit with its sponsor, Thayer Ventures Acquisition Holdings II LLC, resulting in additional proceeds of $3,625,000. Each unit sold in the IPO consists of one Class A ordinary share and one right to receive one-tenth of a Class A ordinary share upon the consummation of an initial business combination.
The company has deposited a total of $201,250,000 from the net proceeds of the IPO and the private placement into a trust account for the benefit of its public shareholders. This financial move was detailed in the company’s audited balance sheet dated May 16, 2025, which is attached as Exhibit 99.1 to the SEC filing.
The funds in the trust account are intended to be used for a future business combination, as is typical with special purpose acquisition companies like Thayer Ventures. The company’s securities, including units (NASDAQ:TVAIU), Class A ordinary shares (NASDAQ:TVAI), and rights (NASDAQ:TVAIR), are listed on The Nasdaq Stock Market LLC.
This announcement, based on the Form 8-K filed with the SEC, provides investors with updated financial information following Thayer Ventures Acquisition Corp II’s IPO and private placement transactions.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.