Texas Ventures Acquisition III Corp closes $225M IPO, $7.57M private placement

Texas Ventures Acquisition III Corp

22.5M units sold at $10.00/unit, including 2.5M over-allotment; gross $225M.
Private placement of 7,568,750 warrants at $1.00; gross $7.57M.
Trust account funded with $226.1M ($10.05/unit) from IPO and private placement.
Audited balance sheet shows cash $710K, total assets $227.6M, shareholders' deficit $10.2M.
Company has 18 months from IPO closing to complete a business combination.

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