Monitor the shareholder vote on October 29, 2026 — if the extension fails, SVCC will liquidate and distribute ~$10.69/share from the trust. If approved, watch for progress on the synthetic graphene LOI and any definitive agreement, which would trigger a second vote and redemption opportunity.
Price Chart
Executive Summary
Stellar V Capital Corp. (SVCC) is seeking shareholder approval to extend its deadline to complete a business combination from October 31, 2026 to July 31, 2027, as it has a non-binding LOI with a synthetic graphene company but needs more time. The proxy also includes the re-election of director Christopher Thomas, ratification of auditors WithumSmith+Brown, and an adjournment proposal. If the extension fails, the SPAC will liquidate and return trust proceeds to public shareholders.
Key Facts
- Extension Amendment Proposal seeks to extend the business combination deadline from October 31, 2026 to July 31, 2027.
- Trust Account had approximately $160,482,575 as of September 24, 2026.
- Per-share redemption price was approximately $10.69 as of September 28, 2026.
- On September 24, 2026, the company announced a non-binding LOI with a deep-tech advanced materials company producing synthetic graphene, including a planned $30 million PIPE.
- Sponsor and directors hold 6,614,925 Ordinary Shares (~30.6% of outstanding) and will vote FOR all proposals.
- If the extension is not approved, the company will liquidate and redeem public shares from the Trust Account.
- Founder shares (6,059,925 ClassB shares purchased for $25,000) and private units (555,000 units for $5,550,000) would become worthless if no business combination is completed.
- Audit fees paid to WithumSmith+Brown totaled $133,000 for FY2025 and $97,240 for FY2024.
Financial Impact
Trust Account balance of ~$160.5M as of Sep 24, 2026; redemption price ~$10.69/share; potential liquidation would return this to public shareholders minus up to $100K for dissolution expenses.
Risk Factors
- Extension may fail if public shareholders vote against it, triggering liquidation.
- Even if extended, the non-binding LOI may not lead to a definitive agreement or completed business combination.
- Significant redemptions could reduce trust assets, making a deal harder to finance.
- CFIUS or other regulatory reviews could delay or block a potential business combination.
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| DEF 14A Filing (Primary) | 0001213900-26-111023 |
| Document: 0001213900-26-111023-index-headers.html | 0001213900-26-111023 |
| Document: 0001213900-26-111023-index.html | 0001213900-26-111023 |
| Document: 0001213900-26-111023.txt | 0001213900-26-111023 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 20, 2026 6d ago | DEF 14A | $10.70 | awaiting T+20 | — | $10.74 (+0.37%) |
Jun 23, 2026 17w ago | 8-K | $10.55 $10.60 | ▲ +0.47% | ▼ −1.46% | $10.74 (+1.80%) |
Mar 4, 2026 33w ago | 8-K | $10.43 $10.45 | ▲ +0.19% | ▲ +3.98% | $10.74 (+2.97%) |
US Market Status
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