- CEO
- Prokopios N. Tsirigakis
- Full Time Employees
- 3
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 230 Park Avenue, Suite 1540 New York NY United States of America 10169
- IPO Date
- Jan 30, 2025
- Business
- Stellar V Capital Corp., a Cayman Islands exempted blank check company incorporated in 2024 and headquartered at 230 Park Avenue, Suite 1540, New York, New York, operates as a special purpose acquisition company with no significant current operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses, targeting opportunities globally across various sectors. Its securities structure includes Class A ordinary shares and redeemable warrants trading on Nasdaq under the symbols SVCC and SVCCW, respectively; management holds Class B ordinary shares and sponsor warrants.
Stellar V Capital Corp. generates revenue solely from interest earned on cash held in its trust account, which stood at $155.2 million as of September 30, 2025, supporting its pre-combination activities. The company serves public market investors seeking exposure to future business combinations, with co-CEOs Prokopios (Akis) Tsirigakis and George Syllantavos leading a team experienced in executing four prior SPAC IPOs and de-SPAC transactions. It maintains ongoing SEC reporting obligations, including quarterly 10-Q and annual 10-K filings, with the latest 10-Q filed November 10, 2025, disclosing net income of $1.5 million for Q3 2025 driven by trust interest.
In January 2025, Stellar V Capital Corp. completed its initial public offering of 15 million units at $10.00 each, raising $150 million in gross proceeds placed into trust, alongside a simultaneous private placement of 555,000 units to its sponsor and underwriter BTIG for $5.55 million. Units began trading on Nasdaq as SVCCU on January 30, 2025, with separate trading of Class A shares and warrants commencing March 24, 2025. As of late 2025, the company has not announced any business combination target or entered substantive discussions, facing a combination deadline of October 31, 2026, beyond which it plans to liquidate and redeem public shares at approximately $10.35 per share; recent institutional investments include Magnetar Financial LLC acquiring a 6.02% stake in Q2 2025.