Thunder Bridge Capital Partners V, Ltd. (TBCVU) said holders of its 30,015,000 units may elect to separately trade the included Class A ordinary shares and warrants beginning October 5, 2026. Each unit includes one Class A ordinary share and one-third of one redeemable warrant. Each whole warrant entitles its holder to purchase one Class A ordinary share for $11.50 per share, subject to certain adjustments. Separated shares and warrants will trade on The Nasdaq Global Market under TBCV and TBCVW; units that remain intact will continue to trade on Nasdaq under TBCVU.
Thunder Bridge Capital Partners V, Ltd. (TBCVU), a Cayman Islands SPAC, reported minimal pre-IPO activity for the quarter ended June 30, 2026, with total assets of $172,442, total liabilities of $244,236, and a shareholder’s deficit of $71,794.
The company generated no revenue and recorded a net loss of $74,576 for the quarter and $78,276 for the six months, mainly formation, general and administrative costs. Liquidity at June 30, 2026 was limited, with cash of $226 and a working capital deficit of $224,010.
Subsequent to quarter-end, on August 14, 2026, Thunder Bridge completed its IPO of 30,015,000 units at $10.00 each for gross proceeds of $300,150,000, plus 747,000 Private Placement Units for $7,470,000. An aggregate of $300,150,000 was placed in a Trust Account to fund a future business combination within a 24‑month period, and transaction costs totaled $18,663,553, including a $12,789,000 deferred underwriting commission.
Thunder Bridge Capital Partners V, Ltd. (TBCVU) completed its SPAC initial public offering on August 14, 2026, issuing 30,015,000 Units at $10.00 per Unit, including full exercise of the over-allotment, for $300,150,000 of gross proceeds. Each Unit consists of one Class A ordinary share and one-third of a redeemable warrant, with each whole warrant exercisable at $11.50 per share. Simultaneously, the sponsor and Cantor purchased 747,000 Private Placement Units for $7,470,000.
A total of $300,150,000 was placed into a U.S. trust account, while cash outside the trust was $1,361,886. The balance sheet shows total assets of $301,673,531, Class A shares subject to possible redemption of $300,150,000 (30,015,000 shares at $10.00), a deferred underwriting fee of $12,789,000, and shareholders’ deficit of $(11,407,794). The SPAC has 24 months from the IPO closing to complete a Business Combination or redeem all public shares, with public shareholders entitled to $10.00 per share plus interest, subject to specified deductions.
Thunder Bridge Capital Partners V, Ltd. (TBCVU) received a Schedule 13G reporting that Linden Capital L.P. and related entities beneficially own 1,950,000 Class A Ordinary Shares. As of August 14, 2026, this position represents approximately 6.3% of the outstanding Class A shares, with voting and dispositive power shared among Linden Capital, Linden GP LLC, Linden Advisors LP, and Siu Min (Joe) Wong.
Thunder Bridge Capital Partners V, Ltd. (TBCVU) received a Schedule 13G reporting that MMCAP International Inc. SPC and MM Asset Management Inc. jointly hold a passive ownership stake in its Common Shares (Units). The reporting persons beneficially own 2,550,000 units, representing 8.5% of the class, with shared voting and dispositive power over all of these units and no sole voting or dispositive power. The ownership percentage is calculated based on 30,015,000 issuer units outstanding as of August 13, 2026. The parties entered into a Joint Filing Agreement to report this position together.
Thunder Bridge Capital Partners V, Ltd. reported that TBCP V, LLC (the Sponsor), an entity managed and controlled by Chief Executive Officer and director Gary A. Simanson, , all held indirectly through the Sponsor. Each redeemable warrant is exercisable for one Class A ordinary share at an exercise price of $11.50 per share after specified business-combination timing conditions, and may expire worthless if no initial business combination is completed within the completion window. The Sponsor originally purchased 447,000 private placement units at $10.00 per unit, each unit consisting of one Class A ordinary share and one-third of one redeemable warrant. Mr. Simanson disclaims beneficial ownership of these securities except to the extent of any pecuniary interest he may have.
Thunder Bridge Capital Partners V, Ltd. (TBCVU) received a Schedule 13D filing showing that its sponsor, TBCP V, LLC, and Chief Executive Officer Gary A. Simanson together beneficially own 7,950,750 ordinary shares, representing 20.78% of the company’s Class A ordinary shares on an as-converted basis as of August 14, 2026.
The position consists of 447,000 Class A shares held in private placement units and 7,503,750 Class B “Founder Shares,” which are automatically or optionally convertible into Class A shares on a one-for-one basis. The Sponsor paid an aggregate $4,495,000 for these interests, funded from its working capital.
The Sponsor and Mr. Simanson agreed in various contracts to vote their founder and placement shares in favor of any proposed business combination, not to redeem these shares, accept lock-up restrictions on the placement securities, and forgo liquidating distributions on founder and placement securities if no business combination occurs. The Sponsor also agreed to indemnify the company to help maintain at least $10.00 per public share in the SPAC trust account in a liquidation scenario, subject to stated exceptions.
Thunder Bridge Capital Partners V, Ltd. (TBCVU) reported the closing of its SPAC initial public offering of 30,015,000 units at $10.00 per unit, including 3,915,000 units from the full over-allotment exercise, for $300,150,000 in gross proceeds.
Each unit comprises one Class A ordinary share and one-third of a redeemable warrant, with each whole warrant exercisable at $11.50 per share. Simultaneously, the company sold 747,000 private placement units to its sponsor and Cantor Fitzgerald & Co. for about $7.47 million.
A total of $300,150,000 from the IPO and private placement was deposited into a U.S. trust account, to be used for an initial business combination or returned to public shareholders if no transaction is completed within 24 months. The company also appointed a full board and key board committees and adopted amended and restated charter documents in the Cayman Islands.
Thunder Bridge Capital Partners V, Ltd. (TBCVU), a Cayman Islands blank check company, is conducting an initial public offering of 26,100,000 units at $10.00 per unit, for gross proceeds of $261.0 million. Each unit includes one Class A ordinary share and one-third of a redeemable warrant exercisable at $11.50 per share.
$261.0 million of IPO and private placement proceeds (or $300.15 million if the over-allotment is fully exercised) will be placed in a U.S. trust account, to be used for an initial business combination or cash redemptions. Public shareholders may redeem their shares at cash equal to trust value per public share upon a business combination or if no deal is completed within 24 months.
The sponsor purchased 7,503,750 Class B founder shares for $25,000 and will buy 447,000 private placement units; Cantor and certain non‑managing sponsor investors will purchase additional private placement units. Founder shares convert into Class A with anti‑dilution protections targeting 20% post‑combination ownership, which, together with private placements, may cause material dilution and creates incentives and potential conflicts versus public shareholders.
Thunder Bridge Capital Partners V, Ltd. (TBCVU) reported that Stewart J. Paperin is a director and filed an initial statement of beneficial ownership on Form 3. The filing does not report any ownership positions or transactions in the company’s securities at this time.