Texas Ventures Acquisition III Corp (TVA) is a blank check special purpose acquisition company incorporated as a Cayman Islands exempted company that was formed to identify and complete a merger, share exchange, asset acquisition, share purchase, reorganization, or similar initial Business Combination with one or more target businesses. The company holds proceeds from its Initial Public Offering in a Trust Account, targeting a return of $10.05 per share to public shareholders if no Business Combination is completed within the prescribed time frame. TVA has no operations, generates no operating revenue, and employs no full-time staff prior to completing its initial Business Combination. The company's sponsor arrangement involves TV Partners III, LLC as prior sponsor and Yorkville Acquisition Sponsor II, LLC as the new sponsor following a September 18, 2025 transition. TVA is registered on The Stock Market LLC and files as a smaller reporting company under the Exchange Act, as disclosed in its 10-K filed April 15, 2026 (accession 000110465926043863).

Revenue model

TVA generates no operating revenue. The company holds IPO proceeds in a Trust Account and earns interest on those funds while searching for an acquisition target. Sponsor-related fees include $10,000 per month reimbursement for office space, utilities, and administrative support provided by the sponsor or its affiliates.

Products and services

TVA offers no products or services. Its sole activity is identifying, evaluating, and completing an initial Business Combination with one or more target businesses. The company has issued Class A Ordinary Shares, Class B Ordinary Shares (Founder Shares), Public Warrants, and Private Placement Warrants as part of its capital structure.

Customers and end markets

TVA has no customers or end markets. Its stakeholders are public shareholders who participated in the Initial Public Offering, the sponsor entities, and the as-yet-unidentified target business that will be acquired through the initial Business Combination.

Value-chain role

TVA functions as a capital vehicle and acquisition shell. It raises capital through a public offering, holds that capital in trust, and deploys it upon completing a Business Combination. It acts as an acquirer or merger partner, not as an operator or supplier in any product or service value chain.

Geographic exposure

TVA is incorporated as a Cayman Islands exempted company, conducting business mainly outside the Cayman Islands. It is registered in the United States and files with the SEC. No specific target geography for acquisitions is disclosed in the 10-K filed April 15, 2026.

Source: SEC 10-K, filed 2026-04-15

Industry: Blank Checks