Thayer Ventures Acquisition II Q2 FY26 net income more than doubled to $1.41 million
TVAI•Costs declined, while going-concern risk remained
General and administrative costs fell to $291,648 from $471,599; California franchise tax totaled $136,793.
Trust Account investments were $209.65 million at June 30, 2026; cash outside the Trust Account was $2,169.
Management flagged substantial doubt about going concern if no initial Business Combination closes within the Combination Period.
Quarterly net income and investment income increased
Thayer Ventures Acquisition II posted net income of $1.41 million for the quarter ended June 30, 2026, up from $490,729 a year earlier.
Earnings from investments held in the Trust Account rose to $1.84 million from $998,578.
