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.
Healthcare of Ontario Pension Plan Trust Fund has filed an amended Schedule 13G reporting beneficial ownership of 400,000 Class A ordinary shares of Stellar V Capital Corp. This represents 2.6% of the company’s Class A shares.
The percentage is based on 15,555,000 Class A shares outstanding as of November 10, 2025, as disclosed in Stellar V Capital Corp.’s Form 10-Q for the quarter ended September 30, 2025. HOOPP reports sole voting and sole dispositive power over all 400,000 shares.
HOOPP describes itself as a pension plan formed as a trust under the laws of Ontario, Canada, and certifies that the shares were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of Stellar V Capital Corp.
Stellar V Capital Corp. (SVCC) filed its Q3 2025 report, reflecting a SPAC still in its pre‑combination phase with earnings driven by trust interest. The company reported net income of $1,496,261 for the quarter, and $3,914,405 for the nine months, primarily from $4,163,505 of interest earned on funds held in its trust.
SVCC completed its IPO on January 31, 2025, selling 15,000,000 units at $10.00 each, and placed $151,050,000 into the trust account. As of September 30, 2025, trust assets totaled $155,213,505, while cash outside the trust was $424,623. Deferred underwriting fees are $5,250,000, and 7,777,500 warrants are outstanding with an $11.50 exercise price. Class A shares subject to redemption are carried at a $10.35 redemption value per share.
Management states there is substantial doubt about the company’s ability to continue as a going concern if it does not complete a business combination by October 31, 2026. As of November 10, 2025, 15,555,000 Class A and 6,059,925 Class B ordinary shares were outstanding.
Stellar V Capital Corp. (SVCC) reported a board change. On November 2, 2025, director Harry Brausnstein passed away; the company learned of his death on November 6, 2025. Mr. Brausnstein served as chair of the Nominating and Corporate Governance Committee and sat on the Audit and Compensation Committees since January 29, 2025.
The Board stated it will review its committee composition and overall membership in due course and take appropriate action under its amended and restated memorandum and articles of association.