Texas Ventures Acquisition III Corp Closes $225 Million IPO

Funding | Apr 24, 2025 | EIN

Texas Ventures Acquisition III Corp Closes $225 Million IPO

On April 24, 2025, Texas Ventures Acquisition III Corp completed its initial public offering (IPO), raising $225 million by selling 22,500,000 units priced at $10 each. The IPO was facilitated by Cohen & Company Capital Markets and Clear Street LLC and is now trading on the Nasdaq under the ticker symbol TVACU. Each unit comprises one Class A ordinary share and half of a redeemable warrant. Texas Ventures is a blank check company focused on merging or acquiring businesses in the industrial technology sector. The IPO proceeds, largely placed in trust, will support acquisitions aimed at delivering significant value through cost reductions, ROI enhancements, and sustainability improvements. Led by CEO E. Scott Crist, Texas Ventures positions itself to leverage advanced technologies within target sectors, including software and communications.

Sectors

  • Investment Firms
  • Industrial Technology

Geography

  • United States – The activities discussed in the article, including the IPO and listing on Nasdaq, are taking place in the United States. Further, the company's efforts and focus are applicable to this region.

Industry

  • Investment Firms – The article discusses the activities of Texas Ventures Acquisition III Corp, a blank check company, which pertains to the investment sector through its strategic IPO.
  • Industrial Technology – The article highlights the targeted acquisition strategy of Texas Ventures focusing on industrial technology, emphasizing software, IoT, and energy transition sectors.

Financials

  • 225,000,000 – Total gross proceeds raised in the initial public offering by Texas Ventures Acquisition III Corp.
  • 10.00 – Price per unit in Texas Ventures Acquisition III Corp's IPO.
  • 226,125,000 – Total amount placed in trust from the IPO proceeds, including the partial exercise of the over-allotment option.

Participants

NameRoleTypeDescription
Texas Ventures Acquisition III CorpTarget companyCompaniesA blank check company that raised $225 million through an IPO to pursue acquisitions in industrial technology sectors.
Cohen & Company Capital MarketsLead book-running managerCompaniesActed as the primary underwriter for Texas Ventures Acquisition III Corp's IPO.
Clear Street LLCJoint book-runnerCompaniesServed as a joint book-runner in the IPO process for Texas Ventures Acquisition III Corp.
E. Scott CristChief Executive Officer and Chairman of the BoardPeopleCEO leading Texas Ventures Acquisition III Corp through its public offering and future acquisition strategies.
R. Greg SmithChief Financial OfficerPeopleCFO responsible for financial oversight during the IPO and future financial plans for Texas Ventures Acquisition III Corp.
U.S. Securities and Exchange Commission (SEC)Regulatory AuthorityGovernmentRegulatory body that declared the registration statement relating to Texas Ventures Acquisition III Corp's securities effective.