Thayer Ventures Acquisition Corporation II reports $0 in assets, liabilities, and stockholders' equity.

• Thayer Ventures Acquisition Corporation II reports financial statement as of May 16, 2025. • Independent registered public accounting firm audited the balance sheet. • Opinion: financial statement presents fairly, in all material respects. • Financial statement is in conformity with accounting principles generally accepted in the United States.

Thayer Ventures Acquisition Corporation II has released its financial statements for the first quarter of 2025, with an independent registered public accounting firm auditing the balance sheet. The audit opinion states that the financial statements present fairly, in all material respects, the company's financial position and results of operations in conformity with accounting principles generally accepted in the United States [1].

The company reported a net loss of $(59,229) for the three months ended March 31, 2025, compared to a net income of $130,602 for the same period in 2024. This loss reflects a significant decline in income before taxes, which was $1,667 in 2025 compared to $305,523 in 2024. The income tax provision also increased from $(174,921) in 2024 to $(60,896) in 2025 [1].

Thayer Ventures Acquisition Corporation II earned $316,482 from dividends and interest during the first quarter of 2025, a decrease from $757,940 in 2024. Formation and operating costs were $314,815 for the three months ended March 31, 2025, compared to $452,417 in 2024. These costs are primarily related to the company's efforts to complete an initial business combination [1].

The company operates as a single segment entity, and its Chief Executive Officer reviews the operating results to make decisions about resource allocation and financial performance. The key measures of segment profit or loss include interest earned on investments held in the Trust Account and operating and formation costs [1].

Thayer Ventures Acquisition Corporation II has until June 22, 2025, to complete an initial business combination, subject to making required Trust Account deposits. If a business combination is not consummated by this date, there will be a mandatory liquidation and subsequent dissolution of the company. The company's ability to complete an initial business combination may be adversely affected by economic uncertainty, market volatility, and geopolitical events [1].

The company has received notices from Nasdaq regarding non-compliance with certain listing requirements, including market value and timely filing of reports. Thayer Ventures Acquisition Corporation II has filed appeals to address these issues and is working to regain compliance. The company has limited cash outside of the Trust Account and may need to raise additional capital to continue operations and complete a business combination. There is substantial doubt about the company's ability to continue as a going concern if it cannot secure additional financing [1].

References:
[1] https://www.tradingview.com/news/tradingview:22c14f6322f12:0-four-leaf-acquisition-corp-sec-10-q-report/