Thayer Ventures Acquisition Corporation II Announces the Separate Trading of its Class A Ordinary Shares and Rights Commencing July 2, 2025

Rhea-AI Summary

Thayer Ventures Acquisition Corporation II (NASDAQ: TVAI) announced that starting July 2, 2025, holders of units from its May 16, 2025 IPO can separately trade the company's Class A ordinary shares and rights on the Nasdaq Global Market. The separated Class A ordinary shares and rights will trade under the symbols "TVAI" and "TVAIR" respectively, while unseparated units will continue trading as "TVAIU".

Unit holders must contact Continental Stock Transfer & Trust Company through their brokers to separate units. The initial units were offered through an underwritten offering with Stifel, Nicolaus & Company, Incorporated serving as the sole book-running manager.

VALENCIA, Calif., July 1, 2025 /PRNewswire/ -- Thayer Ventures Acquisition Corporation II (NASDAQ: TVAI) (the "Company") announced today that, commencing July 2, 2025, holders of the units sold in the Company's initial public offering completed on May 16, 2025 may elect to separately trade the Class A ordinary shares of the Company and the rights included in such units on The Nasdaq Global Market ("Nasdaq").

The Class A ordinary shares and rights that are separated will trade on Nasdaq under the symbols "TVAI" and "TVAIR," respectively. Those units not separated will continue to trade on Nasdaq under the symbol "TVAIU." Holders of units will need to have their brokers contact Continental Stock Transfer & Trust Company, the Company's transfer agent, to separate the units into Class A ordinary shares and rights.

The units were initially offered by the Company in an underwritten offering. Stifel, Nicolaus & Company, Incorporated, acted as the sole book-running manager of the offering.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Thayer Ventures Acquisition Corporation II

Thayer Ventures Acquisition Corporation II is a blank check company newly incorporated as a Cayman Islands exempted company with limited liability for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company may pursue an initial business combination target in any business or industry or at any stage of its corporate evolution. The Company's primary focus will be on sourcing business combination opportunities within travel and transportation technology, driven by a seasoned and well regarded management team.

Forward-Looking Statements

This press release contains statements that constitute "forward-looking statements," including with respect to the anticipated use of the net proceeds of the offering and the Company's search for an initial business combination. No assurance can be given that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's registration statement and prospectus for the Company's offering filed with the SEC. Copies are available on the SEC's website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

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SOURCE Thayer Ventures Acquisition Corporation II

FAQ

When will Thayer Ventures Acquisition Corporation II (TVAI) begin separate trading of shares and rights?

Separate trading of Class A ordinary shares and rights will begin on July 2, 2025 on the Nasdaq Global Market.

What are the trading symbols for Thayer Ventures Acquisition Corporation II's securities?

The Class A ordinary shares will trade as TVAI, rights as TVAIR, and unseparated units will continue trading as TVAIU.

How can TVAIU unit holders separate their units into shares and rights?

Unit holders must have their brokers contact Continental Stock Transfer & Trust Company, the company's transfer agent, to separate the units.

When did Thayer Ventures Acquisition Corporation II complete its IPO?

The company completed its initial public offering on May 16, 2025.

Who was the book-running manager for TVAI's initial unit offering?

Stifel, Nicolaus & Company, Incorporated acted as the sole book-running manager of the offering.