- Business
- Stellar V Capital Corp. (SVCCU) is a blank check company, or special purpose acquisition company (SPAC), incorporated in the Cayman Islands that seeks to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company offers no current products or services beyond its SPAC structure, which provides public market access via its securities including units comprising one Class A ordinary share and one-half of one redeemable warrant, with separate trading of shares (SVCC) and warrants (SVCCW) commenced in March 2025; it targets established businesses globally through its management team's expertise in mergers and acquisitions. Founded on July 12, 2024, and headquartered at 230 Park Avenue, Suite 1540 in New York, New York, Stellar V Capital operates primarily in the financial services sector with a focus on international opportunities led by Greek shipping executives. In January 2025, the company completed its initial public offering of 15 million units at $10.00 per unit, raising $150 million in gross proceeds underwritten by BTIG and listed on the Nasdaq Global Market; units began trading on January 30, 2025, marking its key market entry with no subsequent business combinations, acquisitions, or strategic shifts announced as of late 2025.