Texas Ventures Acquisition III Corp (TVA): M&A transaction — SPAC Texas Ventures III acquires new sponsor Yorkville in $7.4M control change; new board and management appointed

Texas Ventures Acquisition III Corp

Yorkville Acquisition Sponsor II purchased 7.5M Class B shares and 4.7M private warrants from prior sponsor for $7.4M.
All prior directors/officers resigned; new board includes Mark Angelo (Chairman), Devin Nunes, Scott Glabe, Lawrence Glick, Alan Garten, Omar Hasan.
Kevin McGurn named CEO; Troy Rillo named CFO; new sponsor assumes control and intends to operate as 'Yorkville Acquisition II'.
Prior sponsor's insider letter and administrative services agreement terminated upon closing.
Company holds at least $875K cash outside trust; underwriting fee waiver condition not satisfied but closing occurred anyway.

item 1.01 item 5.02 item 1.02 item 5.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Texas Ventures Acquisition III Corp underwent a change of control involving Yorkville Acquisition Sponsor II, LLC for $7,400,000 (closed 2025-09-18).

Action: change of control
Counterparty: Yorkville Acquisition Sponsor II, LLC
Consideration: $7,400,000
Closing: 2025-09-18

Exact text from the filing

entitling the holder to purchase one Class A ordinary share, par value US$0.0001 per share, of the Company (the “Class B Ordinary Shares”), for an aggregate purchase price of $7,400,000 and (ii) upon closing, became the sponsor of the Company (together, the “Purchase”). As a condition to consummation of the Purchase, all of the then-existing members of the Board

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Source: SEC EDGAR

accession 0001104659-25-092948

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