Texas Ventures III issues $250K convertible note to sponsor Yorkville at $10/unit

Texas Ventures Acquisition III Corp

$250,000 convertible unsecured promissory note dated September 30, 2026, issued to Yorkville Acquisition Sponsor II, LLC; principal accrues no interest.
Principal payable on the earlier of consummation of the initial business combination or the effective date of the SPAC's winding up; prepayable at the company's election.
Sponsor may convert up to 25,000 New Units at $10.00 per unit, identical to the private placement units from the IPO (one Class A share plus half a warrant).
New Unit warrants exercise at $11.50 per Class A share, becoming exercisable 30 days after the business combination closes and expiring five years later.
Note holder waives claims against the IPO trust account, but principal is to be repaid from trust proceeds released at the business combination; issued under Section 4(a)(2).

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