Monitor for a business combination announcement before each monthly extension deadline. The company has until July 24, 2027 to consummate a deal, but each $145,000 monthly payment signals continued sponsor support.
Price Chart
Executive Summary
Texas Ventures Acquisition III Corp issued a $145,000 non-convertible promissory note to its sponsor to fund the first monthly extension of its business combination deadline from October 24, 2026 to November 24, 2026. This is a routine SPAC extension financing that keeps the company alive for another month but highlights the ongoing time pressure to find a deal.
Key Facts
- Shareholders approved monthly extensions up to July 24, 2027 on October 19, 2026.
- Company issued a $145,000 non-convertible promissory note to Yorkville Acquisition Sponsor II, LLC on October 20, 2026.
- Proceeds deposited into trust account on October 21, 2026, extending deadline to November 24, 2026.
- Note bears no interest and is payable upon business combination or winding up.
- Sponsor waived any claim against the trust account.
Financial Impact
$145,000 deposited into trust account for one-month extension; no material financial impact on operations or balance sheet.
Risk Factors
- Failure to consummate a business combination by July 24, 2027 would trigger liquidation and return of trust proceeds to shareholders.
- Repeated reliance on sponsor loans indicates no external financing source for extensions.
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-117837 |
| Document: tm2628055d2_ex10-1.htm | 0001104659-26-117837 |
| Document: 0001104659-26-117837-index-headers.html | 0001104659-26-117837 |
| Document: 0001104659-26-117837-index.html | 0001104659-26-117837 |
| Document: 0001104659-26-117837.txt | 0001104659-26-117837 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 5d ago | 8-K | $10.65 | awaiting T+20 | — | $10.68 (+0.28%) |
Oct 21, 2026 5d ago | 8-K/A | $10.65 | awaiting T+20 | — | $10.68 (+0.28%) |
Oct 19, 2026 7d ago | 8-K | $10.64 | awaiting T+20 | — | $10.68 (−0.42%) |
Oct 13, 2026 13d ago | 425 | $10.60 | awaiting T+20 | — | $10.68 (+0.80%) |
Oct 9, 2026 17d ago | DEFA14A | $10.60 | awaiting T+20 | — | $10.68 (+0.75%) |
Oct 9, 2026 18d ago | S-4 | $10.58 | awaiting T+20 | — | $10.68 (+0.95%) |
Oct 7, 2026 19d ago | 8-K | $10.58 | awaiting T+20 | — | $10.68 (+0.95%) |
Sep 28, 2026 28d ago | DEF 14A | $10.57 | awaiting T+20 | — | $10.68 (+1.04%) |
Sep 3, 2026 7w ago | 425 | $10.55 $10.58 | ▲ +0.28% | ▲ +1.47% | $10.68 (+1.23%) |
Sep 2, 2026 7w ago | 425 | $10.55 $10.58 | ▲ +0.28% | ▲ +1.47% | $10.68 (+1.23%) |
US Market Status
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