Every 10-Q that Texas Ventures Acquisition III Corp (TVA) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow TVA and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full TVA filings page.
Texas Ventures Acquisition III Corp., a Cayman Islands SPAC, reported net income of $1.35 million for the quarter and $0.88 million for the six months ended June 30 2026, driven entirely by interest income on funds in its trust account. The company has not generated operating revenues and incurred $3.24 million in general and administrative expenses in the first half of 2026 as it pursues a business combination.
As of June 30 2026, cash outside the trust was $256,897, investments in the trust totaled $236.58 million, and there was a working capital deficiency of $2.48 million. Management states that limited liquidity, together with being within one year of mandatory liquidation if no deal is completed within the 18‑month combination period, raises substantial doubt about the company’s ability to continue as a going concern. The trust holds 22,500,000 Class A shares at a redemption value of $10.51 per share, while 7,500,000 Class B founder shares and 18,818,750 warrants remain outstanding.
Texas Ventures Acquisition III Corp reported a net loss of $472,477 for the quarter ended March 31, 2026, driven by general and administrative expenses of $2,521,284, partly offset by $2,044,010 of interest income on investments in its Trust Account.
Total assets were $235,151,195, including $234,504,543 held in the Trust Account and cash of $473,633 outside the trust. The company had a working capital deficiency of $1,764,675 and classifies 22,500,000 Class A shares at a redemption value of $234,504,543.
Management highlights that limited liquidity and being within one year of mandatory liquidation raise substantial doubt about the company’s ability to continue as a going concern, absent a successful business combination or additional financing. During the quarter, Troy Rillo was appointed Chief Executive Officer while continuing as Chief Financial Officer.
Texas Ventures Acquisition III Corp (TVA) reported its first full post-IPO quarter as a SPAC with cash held in a trust and no operating business yet. The company completed its IPO on April 24, 2025, selling 22,500,000 units at $10.00 each for gross proceeds of $225,000,000. Including private placement proceeds, $226,125,000 was deposited into a trust account, which grew to $230,239,464 as of September 30, 2025 through interest income.
For the nine months ended September 30, 2025, TVA reported net income of $1,698,895, driven mainly by $4,114,464 of interest on trust investments, partly offset by $427,662 of general and administrative expenses and a $2,033,664 loss from changes in the fair value of NMSI warrant liabilities. The third quarter alone showed a net loss of $1,200,656 due to a large negative warrant fair value adjustment.
Outside the trust, TVA had cash of $876,477 and working capital of $984,113, which management considers tight given expected deal and operating costs. The filing states that being within one year of the mandatory liquidation deadline, combined with limited liquidity, raises substantial doubt about the company’s ability to continue as a going concern if no business combination is completed.
On September 18, 2025, a new sponsor acquired 7,500,000 Class B founder shares and 4,700,000 private placement warrants for $7,400,000, replaced the prior board and management, and assumed sponsor responsibilities, while public shareholders retained standard SPAC redemption rights tied to any future business combination or potential extension of the combination period.
Texas Ventures Acquisition III Corp ("the Company") is a newly public SPAC formed to complete a business combination. The Company completed an IPO on April 24, 2025, selling 22,500,000 Public Units at $10.00 per Unit and placing $226,125,000 of net proceeds into a U.S. trust invested in short-term U.S. government securities. The Sponsor and underwriters purchased 7,568,750 Private Placement Warrants for $1.00 each. As of June 30, 2025 the Trust held $227,858,912 and interest income of $1,733,912 was recognized. The Company has an 18-month initial Combination Period to complete a business combination, subject to possible extension.