Stellar V Capital Corp. (Cayman Islands) 8-K, filed Mar 19, 2025
Stellar V Capital Corp. (Cayman Islands) (SVCC)
About this 8-K
Stellar V Capital Corp. (Cayman Islands) filed this 8-K on March 19, 2025.
Items reported
- Item 8.01: Other events
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form
Current Report
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
(Exact Name of Registrant as Specified in its Charter)
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Securities registered pursuant to Section 12(b) of the Act:
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| The Stock Market LLC | ||||
| The Stock Market LLC | ||||
| The Stock Market LLC |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth company
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Item 8.01. Other Events.
On March 19, 2025, Stellar V Capital Corp. (the “Company”) announced that, on or about March 24, 2025, the holders of the Company’s units (the “Units”) may elect to separately trade the Class A ordinary shares and warrants included in the Units. Each Unit consists of one Class A ordinary and one-half of one warrant. Any Units not separated will continue to trade on The Nasdaq Global Market (“Nasdaq”) under the symbol “SVCCU.” Any underlying Class A ordinary shares and warrants that are separated will trade on Nasdaq under the symbols “SVCC” and “SVCCW,” respectively. Holders of Units will need to have their brokers contact Continental Stock Transfer & Trust Company, the Company’s transfer agent, in order to separate the holders’ Units into Class A ordinary shares and warrants.
A copy of the press release issued by the Company announcing the separate trading of the securities underlying the Units is attached hereto as Exhibit 99.1.
Item 9.01. Financial Statements and Exhibits.
| Exhibit No. | Description | |
| 99.1 | Press Release dated March 19, 2025 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
1
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: March 19, 2025
| Stellar V Capital Corp. | ||
| By: | /s/ Prokopios (Akis) Tsirigakis | |
| Name: | Prokopios (Akis) Tsirigakis | |
| Title: | Co-Chief Executive Officer | |
2
Exhibit 99.1
Stellar V Capital Corp. Announces the Separate Trading of its Class A Ordinary Shares and Warrants Commencing March 24, 2025
NEW YORK, March 19, 2025 (GLOBE NEWSWIRE) -- Stellar V Capital Corp. (the “Company”), a special purpose acquisition company formed as a Cayman Islands exempted company, today announced that commencing March 24, 2025, holders of the units sold in the Company’s initial public offering completed on January 31, 2025 may elect to separately trade the Class A ordinary shares of the Company and the warrants included in such units on The Nasdaq Global Market (“Nasdaq”).
The Class A ordinary shares and warrants that are separated will trade on Nasdaq under the symbols “SVCC” and “SVCCW,” respectively. Those units not separated will continue to trade on Nasdaq under the symbol “SVCCU.” Holders of units will need to have their brokers contact Continental Stock Transfer & Trust Company, the Company’s transfer agent, in order to separate the units into Class A ordinary shares and Warrants.
The units were initially offered by the Company in an underwritten offering. BTIG, LLC acted as sole book-running manager of the offering.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Stellar V Capital Corp.
Stellar V Capital Corp. is a blank check company, also commonly referred to as a special purpose acquisition company, or SPAC, formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.
Forward-Looking Statements
This press release includes forward-looking statements that involve risks and uncertainties. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and prospectus for the IPO filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
| Contacts: | |
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Anastasios (Tassos) Chrysostomidis Email: inquiries@stellaracquisition.com |
Daniela Guerrero Investor Relations/Media Capital Link, Inc. 230 Park Avenue, Suite 1540 New York, N.Y. 10169 Tel.: (212) 661-7566 Email: stellaracquisition@capitallink.com |