BOA Acquisition Corp. II Class A ordinary shares were reported as beneficially owned by Yakira Capital Management, Inc. and Bruce M. Kallins, each at 951,121 shares (6.52%), with sole voting and dispositive power. Kallins is identified as a controlling shareholder of the investment manager. MAP 136 Segregated Portfolio reported 713,341 shares (4.89%); Yakira Partners, L.P. and its general partner, YP Management, L.L.C., each reported 158,520 shares (1.09%); and White Oaks Long-Short Portfolio, LLC reported 79,260 shares (0.54%).
BOA Acquisition Corp. II (THEO), a Cayman Islands SPAC focused on real estate and infrastructure-related assets, reported a small operating loss while preparing for its IPO in the quarter ended June 30, 2026. The company had total assets of $1,173,705, entirely deferred offering costs, and total liabilities of $1,303,046, resulting in a shareholder’s deficit of $129,341.
For the three and six months ended June 30, 2026, BOA recorded net losses of $20,767 and $51,370, respectively, with no revenue as it has not commenced operations. As of June 30, 2026, it had no cash and a working capital deficit of $1,230,828, funded by a $72,218 related-party promissory note and $25,000 of founder capital.
Subsequent to quarter end, on August 5, 2026, BOA completed its IPO of 14,375,000 units at $10.00, raising $143,750,000 for deposit in a trust account, and a concurrent private placement of 221,500 units for $2,215,000 to fund expenses. The company has 12 months from the IPO closing to complete a business combination, or it must liquidate. Management discloses substantial doubt about its ability to continue as a going concern and reports ineffective disclosure controls due to inadequate segregation of duties and insufficient written policies.
BOA Acquisition Corp. II (THEO) received an Amendment No. 1 to a Schedule 13G reporting the equity position of Feis Equities LLC and Lawrence M. Feis. The reporting persons together beneficially own 611,464 Class A ordinary shares, representing 4.25% of the Class A ordinary shares outstanding. The ownership percentage is based on 14,375,000 Class A ordinary shares outstanding as of August 5, 2026, as reported by the company. Both Feis Equities LLC and Lawrence M. Feis report sole voting and sole dispositive power over all 611,464 shares and no shared power. The filing also notes that the position represents ownership of 5 percent or less of the class.