other material
confidence high
sentiment neutral
materiality 0.75
Stellar V Capital Corp. closes $150M IPO; $151M placed in trust account.
Stellar V Capital Corp. (Cayman Islands)
- IPO of 15,000,000 units at $10.00 per unit generated gross proceeds of $150,000,000.
- Private placement of 555,000 units at $10.00 per unit to sponsor (365k) and BTIG (190k) raised $5,550,000.
- Total of $151,050,000 ($10.07 per unit) placed in trust account with Continental Stock Transfer & Trust.
- Transaction costs totaled $8,782,919 including $3M cash underwriting fee and $5.25M deferred underwriting fee.
- Company had $813,909 cash and working capital of $626,978 as of January 31, 2025.