Texas Ventures Acquisition III Corp Announces $200M IPO Pricing
Funding | Apr 22, 2025 | EIN
Texas Ventures Acquisition III Corp has announced the pricing of its initial public offering (IPO) at $200 million, which is set to commence trading on the Nasdaq under the ticker symbol 'TVACU'. Each of the 20 million units offered consists of one Class A ordinary share and one-half of one redeemable warrant, with each whole warrant allowing the purchase of one ordinary share at $11.50. These securities are set to trade separately in the near future under the symbols TVA and TVACW. The IPO is expected to close on April 24, 2025, and includes a 45-day option for the underwriters to purchase an additional 3 million units to cover over-allotments. Texas Ventures Acquisition III Corp, a blank check company, aims to pursue acquisition opportunities in industrial technology sectors involving advanced technologies such as software, mobile applications, and IoT applications. The management team spearheading this initiative includes CEO E. Scott Crist and CFO R. Greg Smith, with Cohen & Company Capital Markets leading the book-running for the offering.
Sectors
- Financial Services
- Industrial Technology
Geography
- United States – The article pertains to an IPO and corporate activities being conducted in the United States, with company management and operations based in New York and the IPO trading on the Nasdaq.
Industry
- Financial Services – Involves the initial public offering of a company, highlighting investment practices and capital raising activities.
- Industrial Technology – Texas Ventures focuses on acquiring industrial technology companies deploying advanced technologies, such as software and IoT applications.
Financials
- $200,000,000 – The total amount raised through the initial public offering of Texas Ventures Acquisition III Corp.
- $11.50 – The exercise price per share for warrants included in the IPO units.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Texas Ventures Acquisition III Corp | Target Company | Company | A blank check company planning a $200 million IPO, targeting acquisitions in the industrial technology sector. |
| Cohen & Company Capital Markets | Lead Book-Running Manager | Company | Responsible for managing the IPO offering for Texas Ventures Acquisition III Corp. |
| Clear Street LLC | Joint Book-Runner | Company | Acts as joint book-runner for the IPO of Texas Ventures Acquisition III Corp. |
| E. Scott Crist | Chief Executive Officer and Chairman of the Board | Person | CEO of Texas Ventures Acquisition III Corp, leading the management team through its IPO process. |
| R. Greg Smith | Chief Financial Officer | Person | CFO of Texas Ventures Acquisition III Corp, managing financial affairs and IPO strategies. |
| Andrew Clark, Harvin Moore, and Aruna Viswanathan | Board Members | People | Members of the Board at Texas Ventures Acquisition III Corp, providing governance and strategic advice. |