Stellar V Capital Corp-A 2026年季度报告

FORM 10-Q (MARK ONE)☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period fromto Commission file number: 001-42496 STELLAR V CAPITAL CORP.(Exact Name of Registrant as Specified in Its Charter) (Issuer’s telephone number) Securities registered pursuant to Section 12(b) of the Act: Check whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 12 months(or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements forthe past 90 days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company or an emerging growth company. See definitions of “large accelerated filer”, “accelerated filer”, “smaller reportingcompany”, and “emerging growth company” in Rule12b-2 of the Exchange Act. Accelerated filerSmaller reporting companyEmerging growth company Large accelerated filerNon-accelerated filer If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☒No☐ As of August 12, 2026, there were 15,555,000 Class A ordinary shares, par value $0.0001 per share, 6,059,925 Class B ordinaryshares, par value $0.0001 per share, of the Company issued and outstanding. STELLAR V CAPITAL CORP. FORM 10-Q FOR THE QUARTER ENDED JUNE 30, 2026 TABLE OF CONTENTS PagePart I. Financial Information1Item 1. Interim Financial Statements1Condensed Balance Sheets at June 30, 2026 (Unaudited) and December 31, 20251Condensed Statements of Operations for the Three and Six Months Ended June 30, 2026 and 2025 (Unaudited)2Condensed Statements of Changes in Shareholders’ Deficit for the Three and Six Months Ended June 30, 2026 and2025 (Unaudited)3Condensed Statements of Cash Flows for the Six Months Ended June 30, 2026 and 2025 (Unaudited)4Notes to Condensed Financial Statements (Unaudited)5Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations18Item 3. Quantitative and Qualitative Disclosures About Market Risk21Item 4. Controls and Procedures21Part II. Other Information22Item 1. Legal Proceedings22Item 1A. Risk Factors22Item 2. Unregistered Sales of Equity Securities and Use of Proceeds22Item 3. Defaults Upon Senior Securities22Item 4. Mine Safety Disclosures22Item 5. Other Information22Item 6. Exhibits23Part III. Signatures24 PART I - FINANCIAL INFORMATION STELLAR V CAPITAL CORP.CONDENSED STATEMENTS OF OPERATIONS(UNAUDITED) STELLAR V CAPITAL CORP.CONDENSED STATEMENTS OF CHANGES IN SHAREHOLDERS’ DEFICIT(UNAUDITED) FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2026 STELLAR V CAPITAL CORP.CONDENSED STATEMENTS OF CASH FLOWS(UNAUDITED) STELLAR V CAPITAL CORP.NOTES TO CONDENSED FINANCIAL STATEMENTSJUNE 30, 2026(UNAUDITED) NOTE 1. DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS StellarV Capital Corp. (the “Company”) is a blank check company incorporated as a Cayman Islands exempted company on July12,2024. The Company was incorporated for the purpose of effecting a merger, share exchange, asset acquisition, share purchase,reorganization or similar business combination with one or more businesses that the Company has not yet identified (“BusinessCombination”). The Company may pursue an acquisition opportunity in any industry or geographic location. As of June 30, 2026, the Company had not yet commenced operations. All activity for the period from July12, 2024 (inception)through June 30, 2026 relates to the Company’s formation, the initial public offering (the “Initial Public Offering”), which is describedbelow, and subsequent to the Initial Public Offering, identifying a target company for a Business Combination. The Company will notgenerate any operating revenues until after the completion of its initial Business Combination, at the earliest. The Company generatesnon-operating income in the form of interest income from the proceeds derived from the Initial Public Offering. The Company hasselected December31 as its fiscal year end. The registration statement for the Company’s Initial Public Offering was declared effective on January 29, 2025. On January 31, 2025,the Company consummated the Initial Public Offering of 15,000,000 units (the “Units” and, with respect to the Class A ordinarys