Texas Ventures Acquisition Corp. III (TVACU), an industrial tech-focused SPAC based in Houston, priced its SPAC IPO – 20.0 million units at $10.00 each – to raise $200.0 million on Tuesday night, April 22, 2025. The pricing was in sync with the terms in the prospectus. Each unit consists of one ordinary share of Class A stock and one-half of one redeemable warrant. Shares of Texas Ventures Acquisition III opened flat at $10.00 at 10:45 a.m. EDT today – Wednesday, April 23, 2025 – on NASDAQ volume of 657,700 shares, according to NASDAQ. Within a few minutes of its NASDAQ debut, Texas Ventures Acquisition III’s stock dipped to $9.99, an intraday low, and rose to $10.01 – up a penny from its IPO price – to set a session high – before slipping back to $9.99, its session low, on volume of about 1.87 million shares at around 10:55 a.m. EDT, according to NASDAQ.
Texas Ventures Acquisition III’s stock closed on Wednesday, April 23, 2025, at $9.99 – down 1 cent in its NASDAQ debut – on volume of about 6.5 million shares – on a day when the overall U.S. stock market rallied sharply on investors’ relief and hopes that some U.S. tariffs may be rolled back.
Cohen & Company Capital Markets and Clear Street are the joint book-runners.
Texas Ventures Acquisition Corp. III (TVACU) intends to focus its search on industrial companies with enterprise values ranging from $400 million to $1 billion, according to the prospectus. This SPAC is incorporated in the Cayman Islands.
“We intend to focus our search 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,” Texas Ventures Acquisition III said in the prospectus.
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