secwatch.observer — SEC 8-K summary
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Issuer:     Texas Ventures Acquisition III Corp (TVA)
CIK:        0002033991
Form:       8-K
Filed at:   2026-10-08T01:04:58+00:00
Accession:  0001104659-26-114460
Event type: debt
Sentiment:  neutral
Materiality: 0.25
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2033991/000110465926114460/0001104659-26-114460-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2033991/000110465926114460/tm2627252d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-114460

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