Texas Ventures Acquisition III Corp Announces the Pricing of $200,000,000 Initial Public Offering
Texas Ventures Acquisition III Corp has announced the pricing of its $200 million initial public offering, comprising 20,000,000 units at $10.00 per unit. Trading will commence on Nasdaq under symbol 'TVACU' on April 23, 2025.
Each unit consists of one Class A ordinary share and one-half redeemable warrant, with whole warrants enabling purchase of one Class A share at $11.50. The Class A shares and warrants will eventually trade separately under 'TVA' and 'TVACW' symbols. Underwriters have a 45-day option to purchase up to 3,000,000 additional units.
The blank check company, led by CEO E. Scott Crist, aims to merge with businesses focusing on industrial technology, including advanced software, digital transition, logistics, cloud services, and 5G communications. Target companies should offer significant value through cost reductions, ROI, carbon footprint reduction, or safety improvements.
Texas Ventures Acquisition III Corp ha annunciato il prezzo della sua offerta pubblica iniziale da 200 milioni di dollari, composta da 20.000.000 di unità a 10,00 dollari ciascuna. Le negoziazioni inizieranno il 23 aprile 2025 sul Nasdaq con il simbolo 'TVACU'.
Ogni unità comprende un'azione ordinaria di Classe A e mezza warrant rimborsabile, con warrant interi che consentono l'acquisto di un'azione di Classe A a 11,50 dollari. Le azioni di Classe A e i warrant saranno successivamente negoziati separatamente con i simboli 'TVA' e 'TVACW'. Gli underwriter hanno un'opzione di 45 giorni per acquistare fino a 3.000.000 di unità aggiuntive.
La società blank check, guidata dall'amministratore delegato E. Scott Crist, punta a fondersi con aziende focalizzate sulla tecnologia industriale, inclusi software avanzati, transizione digitale, logistica, servizi cloud e comunicazioni 5G. Le società target dovrebbero offrire un valore significativo tramite riduzioni dei costi, ritorno sugli investimenti, diminuzione dell'impronta di carbonio o miglioramenti della sicurezza.
Texas Ventures Acquisition III Corp ha anunciado el precio de su oferta pública inicial de 200 millones de dólares, que comprende 20,000,000 de unidades a 10.00 dólares cada una. La negociación comenzará en Nasdaq bajo el símbolo 'TVACU' el 23 de abril de 2025.
Cada unidad consta de una acción ordinaria Clase A y medio warrant redimible, con warrants completos que permiten la compra de una acción Clase A a 11.50 dólares. Las acciones Clase A y los warrants se negociarán por separado bajo los símbolos 'TVA' y 'TVACW'. Los suscriptores tienen una opción de 45 días para comprar hasta 3,000,000 unidades adicionales.
La compañía de cheque en blanco, liderada por el CEO E. Scott Crist, busca fusionarse con empresas enfocadas en tecnología industrial, incluyendo software avanzado, transición digital, logística, servicios en la nube y comunicaciones 5G. Las empresas objetivo deben ofrecer un valor significativo mediante reducción de costos, retorno de inversión, disminución de la huella de carbono o mejoras en seguridad.
Texas Ventures Acquisition III Corp는 2억 달러 규모의 기업공개(IPO) 가격을 발표했으며, 단가는 유닛당 10.00달러로 총 2,000만 유닛입니다. 거래는 2025년 4월 23일 나스닥에서 'TVACU' 심볼로 시작됩니다.
각 유닛은 클래스 A 보통주 1주와 절반의 상환 가능한 워런트로 구성되며, 전체 워런트는 11.50달러에 클래스 A 주식 1주를 구매할 수 있습니다. 클래스 A 주식과 워런트는 이후 각각 'TVA'와 'TVACW' 심볼로 별도 거래됩니다. 인수단은 45일간 최대 300만 개 추가 유닛을 매수할 수 있는 옵션을 보유합니다.
CEO E. Scott Crist가 이끄는 이 블랭크 체크 회사는 고급 소프트웨어, 디지털 전환, 물류, 클라우드 서비스 및 5G 통신을 포함한 산업 기술에 집중하는 기업과의 합병을 목표로 합니다. 대상 기업은 비용 절감, 투자 수익률, 탄소 발자국 감소 또는 안전성 향상을 통해 상당한 가치를 제공해야 합니다.
Texas Ventures Acquisition III Corp a annoncé le prix de son offre publique initiale de 200 millions de dollars, comprenant 20 000 000 d’unités à 10,00 dollars chacune. Les échanges débuteront sur le Nasdaq sous le symbole 'TVACU' le 23 avril 2025.
Chaque unité est composée d’une action ordinaire de Classe A et d’un demi-warrant remboursable, les warrants entiers permettant l’achat d’une action de Classe A à 11,50 dollars. Les actions de Classe A et les warrants seront ensuite négociés séparément sous les symboles 'TVA' et 'TVACW'. Les souscripteurs disposent d’une option de 45 jours pour acquérir jusqu’à 3 000 000 d’unités supplémentaires.
La société à chèque en blanc, dirigée par le PDG E. Scott Crist, vise à fusionner avec des entreprises axées sur la technologie industrielle, notamment les logiciels avancés, la transition numérique, la logistique, les services cloud et les communications 5G. Les entreprises ciblées doivent offrir une valeur significative via la réduction des coûts, le retour sur investissement, la réduction de l’empreinte carbone ou l’amélioration de la sécurité.
Texas Ventures Acquisition III Corp hat die Preisfestsetzung seines 200 Millionen Dollar umfassenden Börsengangs bekannt gegeben, bestehend aus 20.000.000 Einheiten zu je 10,00 Dollar. Der Handel beginnt am 23. April 2025 an der Nasdaq unter dem Symbol 'TVACU'.
Jede Einheit besteht aus einer Stammaktie der Klasse A und einer halben rückzahlbaren Bezugsrecht, wobei ganze Bezugsrechte den Kauf einer Klasse-A-Aktie zu 11,50 Dollar ermöglichen. Die Klasse-A-Aktien und Bezugsrechte werden später getrennt unter den Symbolen 'TVA' und 'TVACW' gehandelt. Die Underwriter haben eine 45-tägige Option zum Kauf von bis zu 3.000.000 zusätzlichen Einheiten.
Das Blankoscheck-Unternehmen unter der Leitung von CEO E. Scott Crist beabsichtigt, mit Unternehmen zu fusionieren, die sich auf Industrietechnologie konzentrieren, einschließlich fortschrittlicher Software, digitaler Transformation, Logistik, Cloud-Dienste und 5G-Kommunikation. Zielunternehmen sollten durch Kostenreduktionen, Kapitalrendite, Verringerung des CO2-Fußabdrucks oder Sicherheitsverbesserungen einen erheblichen Wert bieten.
- Substantial IPO size of $200 million indicates strong initial capitalization
- 45-day over-allotment option for additional 3,000,000 units provides flexibility for market demand
- Clear focus on high-growth industrial technology sector
- Listing on major exchange (Nasdaq) provides strong visibility and liquidity
- Blank check company with no operating history or existing business
- No guaranteed successful business combination
- Warrant structure may lead to future dilution for shareholders
- Investment depends entirely on management's ability to identify and execute suitable acquisition
Insights
Texas Ventures Acquisition III Corp launches $200M SPAC IPO targeting industrial technology companies with specific value propositions in cost reduction and operational improvements.
Texas Ventures Acquisition III Corp has priced its
This blank check company (SPAC) has defined a specific industrial technology focus for potential acquisitions, targeting companies implementing advanced technologies including software, IoT, digital and energy transition, logistics, cloud services, and communications technologies in the industrial sector. Their stated acquisition criteria prioritize targets demonstrating quantifiable value propositions including cost reductions, substantial ROI, carbon footprint decreases, and safety/compliance improvements.
The management team is led by E. Scott Crist (CEO/Chairman) and R. Greg Smith (CFO), with board members Andrew Clark, Harvin Moore, and Aruna Viswanathan. The underwriting is being handled by Cohen & Company Capital Markets as lead book-runner with Clear Street as joint book-runner.
The offering includes a standard 45-day option for underwriters to purchase up to 3,000,000 additional units to cover over-allotments, potentially increasing the total raise to
Like all SPACs, Texas Ventures Acquisition III has a timeframe to identify and complete a business combination, and the ultimate value for investors will depend entirely on the quality of acquisition they secure within their stated focus areas.
New York, NY, April 22, 2025 (GLOBE NEWSWIRE) -- Texas Ventures Acquisition III Corp (the “Company”) announced today the pricing of its initial public offering of 20,000,000 units. The units are expected to be listed on The Nasdaq Stock Market LLC (“Nasdaq”) and begin trading tomorrow, April 23, 2025, under the ticker symbol “TVACU.” Each unit consists of one Class A ordinary share and one-half of one redeemable warrant, each whole warrant entitling the holder thereof to purchase one Class A ordinary share at a price of
The Company is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company may pursue an acquisition opportunity in any business, industry or geographical location. The Company’s primary focus, however, will be on targets focused on industrial technology, specifically companies implementing advanced technologies including software, mobile and IoT applications, digital and energy transition and consolidation, logistics and transportation, cloud and cyber communications as well as high bandwidth services, including LTE, remote sensing and 5G communications into the industrial sector. The Company will pursue completing a business combination with a target that presents a significant value proposition to its customer marketplace, including major cost reductions in the field, substantial returns on investment (ROI), a considerable decrease in carbon footprint, and/or vast improvements in safety, compliance, and environmental protocol.
The Company’s management team is led by E. Scott Crist, its Chief Executive Officer and Chairman of the Board of Directors (the “Board”), and R. Greg Smith, its Chief Financial Officer. The Board also includes Andrew Clark, Harvin Moore, and Aruna Viswanathan.
Cohen & Company Capital Markets, a division of J.V.B. Financial Group, LLC, is acting as the lead book-running manager, and Clear Street LLC is acting as joint book-runner for the offering.
The offering is being made only by means of a prospectus. When available, copies of the prospectus may be obtained from Cohen & Company Capital Markets, 3 Columbus Circle, 24th Floor, New York, NY 10019, Attention: Prospectus Department, or by email at capitalmarkets@cohencm.com.
A registration statement relating to the securities has been filed with the U.S. Securities and Exchange Commission (the “SEC”) and became effective on April 22, 2025. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Forward-Looking Statements
This press release contains statements that constitute “forward-looking statements,” including with respect to the proposed initial public offering and search for an initial business combination. No assurance can be given that the offering discussed above will be completed on the terms described, or at all.
Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the “Risk Factors” section of the Company’s registration statement and prospectus for the Company’s initial public offering filed with the SEC. Copies of these documents are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Investor Contacts
Texas Ventures Acquisition III Corp
E. Scott Crist
scott@texasventures.com
713-599-1300
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