Stellar V Capital Corp is a Special Purpose Acquisition Company (SPAC), meaning it is a blank check company with no operations, no revenue, and no identified acquisition target. Stellar V raised $150M in an IPO in January 2025 at $10.00 per share, with proceeds held in trust until the company completes a business combination with a private operating company — effectively taking that company public — or returns the funds to shareholders. Stellar V has 21 months from the IPO to complete a deal, and has a stated preference for established, profitable businesses under roughly $2B in enterprise value, with no restrictions on industry or geography. The sponsor, Stellar V Sponsor LLC, acquired founder shares for a nominal $25,000; these shares convert to Class A shares upon deal completion, representing the sponsor's primary economic upside — the so-called "promote." If no deal is completed, the trust liquidates, public shareholders get their money back, and the founder shares become worthless. Co-CEOs Prokopios Tsirigakis and George Syllantavos lead the company and have completed four prior SPAC transactions, with backgrounds in M&A, capital markets, and public company operations.