Texas Ventures IV closes $172.5M SPAC IPO, trusts $173.4M, 18-month deadline for merger

Texas Ventures Acquisition IV Corp

Gross proceeds $172.5M from 17.25M units at $10/unit, including full over-allotment exercise.
Private placement of 6.1M warrants at $1 each raises $6.1M.
Trust account holds $173.4M ($10.05 per unit); must complete business combination within 18 months.
Focus on industrial technology targets including software, IoT, digital/energy transition, logistics, 5G.
Board appointed: E. Scott Crist (CEO/Chair), R. Greg Smith (CFO), plus three independent directors.

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