Texas Ventures Acquisition III Corp. announced that it has entered into a purchase agreement with Yorkville Acquisition Sponsor II, LLC ("New Sponsor") and TV Partners III, LLC ("Prior Sponsor"). Under the agreement, the New Sponsor acquired 7,500,000 Class B ordinary shares and 4,700,000 private placement warrants from the Prior Sponsor for a total purchase price of $7.4 million. The transaction also includes the resignation of all current directors and officers, who will be replaced by individuals selected by the New Sponsor. Additional conditions include the termination of related party contracts, payment of outstanding invoices, maintaining a minimum cash balance, and a reduction in deferred underwriting fees. The company confirmed its continued listing on the Nasdaq Stock Market through the closing of the transaction.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Texas Ventures Acquisition III Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-25-092948), on September 24, 2025, and is solely responsible for the information contained therein.
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