secwatch.observer — SEC 8-K summary
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Issuer:     Texas Ventures Acquisition III Corp (TVA)
CIK:        0002033991
Form:       8-K
Filed at:   2026-09-03T01:45:30+00:00
Accession:  0001104659-26-104858
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TVA SPAC to merge with Plus Automation at $800M pre-money; combined company to be PlusAI Holdings
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- Deal values Plus Automation at $800M pre-money; exchange ratio based on $10.00 per share.
- Up to 70M earnout shares in three tranches tied to VWAP price targets over 5 years.
- Closing requires ≥$40M cash from trust, PIPE, and convertible note; TVA net tangible assets ≥$5,000,001.
- TVA to domesticate to Delaware and rename PlusAI Holdings, Inc.; deadline Oct 24, 2026, extendable to Jun 2, 2027.
- Sponsor Yorkville Acquisition Sponsor II agrees to vote for deal and cover SPAC expenses over $7.5M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2033991/000110465926104858/0001104659-26-104858-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2033991/000110465926104858/tm2619716d3_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-104858

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer