Thayer Ventures Acquisition Corp II completes $201.25 million IPO
Thayer Ventures Acquisition Corp II closed its initial public offering on May 16, 2025, selling 20,125,000 units at $10.00 each for gross proceeds of $201,250,000 after the underwriter exercised its over-allotment option in full. The full $201,250,000 was deposited in a trust account for public shareholders, and the blank-check company, which intends to focus on travel and hospitality, has 21 months under a letter agreement to complete an initial business combination before liquidation.
Key points
- Units sold at $10.00 each; 20,125,000 units total, including 2,625,000 over-allotment units exercised May 15, 2025, for gross proceeds of $201,250,000 before underwriting discount and offering expenses
- $201,250,000 of net IPO and private placement proceeds deposited in trust as of May 16, 2025, with Continental Stock Transfer & Trust Company as trustee; underwriter deferred commission of up to $7,568,750
- Sponsor bought 362,500 Private Units at $10.00 each for $3,625,000 in a private placement
- Sponsor pays $30,000 per month for office space and administrative services until a business combination or liquidation
The filing
Written by AI on Nov 9, 2026, 11:44 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 16, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.