Recent Updates — SVCC

Stellar V Capital Corp. shareholders approved an amendment to the company's charter extending the deadline to complete a business combination from October 31, 2026, to July 31, 2027. The proposal passed with 16,525,421 votes in favor and 1,957,991 against. Director elections and auditor ratification were also approved. Stellar V Capital Corp. is a blank check company focused on completing an initial business combination.

Stellar V Capital Corp. held its annual general meeting on October 29, 2026, where shareholders approved an amendment to extend the Combination Period from October 31, 2026, to July 31, 2027. The company also entered into Non-Redemption Agreements with certain investors who agreed not to exercise redemption rights in exchange for receiving one additional Class A Ordinary Share for every five shares held upon the closing of a future business combination. These agreements aim to increase the funds remaining in the trust account. Stellar V Capital Corp. is a blank check company focused on completing an initial business combination.

Stellar V Capital Corp. issued a $200,000 unsecured promissory note to Nautilus Energy Management Corp., a company controlled by the company's Co-Chief Executive Officers, Prokopios (Akis) Tsirigakis and Georgios (George) Syllantavos. The zero-interest note is repayable in full upon a business combination, and is convertible at $10.00 per unit into units identical to the IPO units. Stellar V Capital Corp. is a blank check company focused on on the energy sector.