Thunder Bridge Capital Partners V, Ltd. (TBCV) reported net income of $1,057,015 for the three months ended September 30, 2026, and $978,739 for the nine months ended September 30, 2026. The results primarily reflected $1,352,927 of interest earned on Trust Account investments, offset by formation, general and administrative costs. TBCV has not generated operating revenue.
On August 14, 2026, TBCV completed its initial public offering of 30,015,000 units at $10.00 per unit, generating gross proceeds of $300,150,000; the separate sale of 747,000 private placement units generated $7,470,000. The Trust Account held $301,502,927 as of September 30, 2026. Cash outside the Trust Account was $976,182, and working capital was $1,120,539 on that date.
As of September 30, 2026, TBCV had not selected a business-combination target or initiated substantive discussions with one. It has 24 months from the August 14, 2026 IPO closing to complete a combination; if it cannot, it will, as promptly as reasonably possible but no more than 10 business days thereafter, redeem 100% of outstanding Public Shares. Each whole warrant is exercisable for one Class A ordinary share at $11.50 per share, subject to adjustment.