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The latest announcement is out from Texas Ventures Acquisition III Corp Class A ( (TVA) ).
On September 18, 2025, Texas Ventures Acquisition III Corp underwent a significant change in its sponsorship and management structure. Yorkville Acquisition Sponsor II, LLC, the New Sponsor, purchased 7,500,000 Class B ordinary shares and 4,700,000 private placement warrants from TV Partners III, LLC, the Prior Sponsor, for $7,400,000. This transaction resulted in the New Sponsor becoming the sponsor of the company. As part of the agreement, all existing board members and officers resigned, and new directors and officers were appointed by the New Sponsor. The transaction included several conditions, such as the resignation of the prior board and officers, the appointment of new management, and the termination of certain contracts. Despite not meeting all conditions, the New Sponsor proceeded with the purchase, indicating a strategic shift in the company’s operations and governance.
More about Texas Ventures Acquisition III Corp Class A
Average Trading Volume: 40,012
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