BOA Acquisition Corp. II

What they do

The company was incorporated on July 24, 2025 as a blank check company and had not commenced operations or completed its IPO as of June 30, 2026. Its business purpose is to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. It is not limited to a particular industry or geography but intends to focus its search on direct investments in real estate and infrastructure assets, particularly within the energy, telecommunications and transportation sectors.

Revenue drivers

• Trust account interest income — Subsequent to the IPO, the company says it generates non-operating income in the form of interest income on funds held in the Trust Account. It has no operating businesses and does not expect operating revenue until a business combination closes.
• Business combination target (future) — The only path to operating revenue described in the filing is acquiring a target business and completing the initial business combination. No target, sector deal, or revenue-generating asset has been identified in the excerpts provided.

Recent performance

As of June 30, 2026, the company reported total assets of $1.2 million, total liabilities of $1.3 million, shareholder equity of -$129,341 and cash and equivalents of $0.00. All activity from inception on July 24, 2025 through June 30, 2026 related to formation and preparation for the IPO. On August 5, 2026, it consummated its IPO of 14,375,000 units at $10.00 per unit, raising $14,375,000 in gross proceeds, including 1,875,000 units from the underwriter's full exercise of its over-allotment option. Simultaneously, it sold 221,500 private placement units at $10.00 per unit for aggregate proceeds of $2,215,000.

Strategy

The company's stated purpose is to identify and complete an initial business combination, with a focus on direct investments in real estate and infrastructure assets, particularly in energy, telecommunications and transportation. It raised $14,375,000 of gross IPO proceeds and $2,215,000 from private placement units to fund that effort. Transaction costs of $2,534,100 were incurred, of which $265,709 were with a related party. If no business combination is completed within 12 months from the IPO closing, the company must cease operations, redeem the public shares and liquidate and dissolve.

Risks

• Short combination deadline — If the company cannot complete a business combination within 12 months of the August 5, 2026 IPO closing, it must cease operations, redeem public shares and liquidate.
• No operating history or revenue — The company had not commenced any operations and generated no revenue from inception through June 30, 2026, and does not expect operating revenue until a business combination closes.
• No target identified — The filing does not identify any specific business combination target, and its search is concentrated in real estate and infrastructure, particularly energy, telecommunications and transportation, which may narrow available opportunities.
• Negative equity and minimal cash outside trust — At June 30, 2026 the company reported shareholder equity of -$129,341 and cash and equivalents of $0.00, with total liabilities of $1.3 million exceeding total assets of $1.2 million.

Outlook

Management states the company will not generate operating revenue until it completes an initial business combination, and that it expects to incur increased expenses as a public company. It has 12 months from the August 5, 2026 IPO closing to complete a combination, after which it must redeem public shares and liquidate if no deal is done. The filing does not disclose a specific target, sector deal, or timeline beyond that combination period.