other material
confidence high
sentiment neutral
materiality 0.20
Texas Ventures Acquisition III corrects redemption price to $10.63/share in SPAC extension 8-K/A
Texas Ventures Acquisition III Corp
- Correction: 17,699,488 Class A shares redeemed at ~$10.63/share for ~$188,177,658, up from the previously reported $10.58/share and $187,260,583.
- Redemptions equal ~78.66% of the 22,500,000 Class A shares sold in the April 24, 2025 IPO; 4,800,512 Class A shares remain outstanding.
- Extension moves the deadline to complete an initial business combination and liquidate the trust from October 24, 2026 to July 24, 2027.
- Shareholders approved the Extension Amendment and the amended trust agreement with Continental Stock Transfer & Trust (CST) at the October 19, 2026 extraordinary general meeting.
- Total redemption payout rises by about $917,075 versus the figure reported in the initial October 20, 2026 8-K.