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Stellar V Capital (SVCC) appoints Michael Braunstein as independent director

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8-K

Rhea-AI Filing Summary

Stellar V Capital Corp. reports a change in its board of directors. Following the November 2025 passing of director Harry Braunstein, the board has elected his son, Michael Braunstein, as a Class II director effective February 28, 2026.

He will serve on the Audit and Compensation Committees and chair the Nominating and Corporate Governance Committee. The board determined he is independent under NASDAQ listing standards. Michael Braunstein is a partner at Braunstein Turkish LLP and holds degrees from New York University and Brooklyn Law School.

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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Understanding 8-K Material Events →
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

Form 8-K

 

Current Report

 

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

 

February 28, 2026

Date of Report (Date of earliest event reported)

 

Stellar V Capital Corp.

(Exact Name of Registrant as Specified in its Charter)

 

Cayman Islands   001-42496   N/A
(State or other jurisdiction of
incorporation)		  

(Commission File Number)

 

   (I.R.S. Employer
Identification No.)

 

230 Park Avenue, Suite 1540

New York, NY

   10169
(Address of Principal Executive Offices)   (Zip Code)

 

Registrant’s telephone number, including area code: (212) 661-7566

 

N/A

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

☐ Written communications pursuant to Rule 425 under the Securities Act
   
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act
   
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
   
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Class A ordinary shares, par value $0.0001 per share   SVCC   The Nasdaq Stock Market LLC
Warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50 per share   SVCCW   The Nasdaq Stock Market LLC
Units, each consisting of one Class A ordinary share and one-half of one redeemable warrant   SVCCU   The Nasdaq Stock Market LLC

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

 

Emerging growth company ☒

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

 

 

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

 

As previously disclosed, on November 2, 2025, Mr. Harry Braunstein, a member of the board of directors (the “Board”) of Stellar V Capital Corp. (the “Company”), passed away.

 

On February 28, 2026, upon recommendation of the Nominating and Governance Committee of the Board, the Board elected Michael Braunstein, the son of Harry Braunstein, as a class II director of the Company, to serve on the Audit Committee and the Compensation Committee, and to serve as chair of the Nominating and Corporate Governance Committee. The Board has determined that Michael Braunstein is independent pursuant to the director independence standards established under the NASDAQ Stock Market listing rules.

 

Michael Braunstein has been a partner of Braunstein Turkish LLP since September 2009, and the managing member of Sunset Capital 1 LLC and its affiliate entities since November 2025. From January 2024 to November 2025, Mr. Braunstein was the president of Sunset Capital 1 LLC and its affiliate entities. From January 2019 to December 2023, he was the vice president of Sunset Capital 1 LLC and its affiliate entities. Mr. Braunstein is also a director of Sunset Capital 1 LLC. Mr. Braunstein received his bachelor degree in music business from New York University in 2004 and his Juris Doctor degree from Brooklyn Law School in 2009.

 

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SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Dated: March 4, 2026

 

  Stellar V Capital Corp.
   
  By: /s/ Prokopios (Akis) Tsirigakis
  Name:  Prokopios (Akis) Tsirigakis
  Title: Co-Chief Executive Officer

 

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Source: View Original Filing on SEC EDGAR

FAQ

What board change did Stellar V Capital Corp. (SVCC) disclose?

Stellar V Capital Corp. disclosed the election of Michael Braunstein as a Class II director effective February 28, 2026. He fills the vacancy created by the November 2025 passing of former director Harry Braunstein and will also serve on key board committees.

Which board committees will Michael Braunstein serve on at SVCC?

Michael Braunstein will serve on the Audit Committee and the Compensation Committee, and will chair the Nominating and Corporate Governance Committee. These assignments place him in roles overseeing financial reporting, executive pay, and board governance processes.

Is Michael Braunstein considered an independent director at SVCC?

Yes, the board determined that Michael Braunstein is independent under NASDAQ Stock Market director independence standards. This means he meets exchange criteria intended to ensure objective oversight, despite being the son of former director Harry Braunstein.

What is Michael Braunstein’s professional background relevant to his SVCC board role?

Michael Braunstein has been a partner at Braunstein Turkish LLP since 2009 and holds leadership roles at Sunset Capital 1 LLC and its affiliates. He earned a music business bachelor’s degree from New York University and a Juris Doctor from Brooklyn Law School.

Why did SVCC need to appoint a new director in 2026?

SVCC needed to appoint a new director after the November 2025 passing of board member Harry Braunstein. On February 28, 2026, the board, following a Nominating and Governance Committee recommendation, elected his son, Michael Braunstein, to fill the Class II director seat.

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