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Texas Ventures III pays $145K to extend deal deadline

The sponsor-funded principal was placed in the trust account as the first monthly extension payment, moving the deadline to November 24, 2026.

(Moderate)

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Form Type
8-K

Rhea-AI Filing Summary

Texas Ventures Acquisition III Corp (TVA) issued a $145,000 non-convertible promissory note to Yorkville Acquisition Sponsor II, LLC, its sponsor, in exchange for the sponsor’s funding of $145,000 to the company. The note does not accrue interest and is payable when the company consummates its initial business combination or when its winding up becomes effective, whichever occurs first.

On October 19, 2026, shareholders approved monthly extensions of the business-combination deadline from October 24, 2026, up to July 24, 2027. The company deposited the note’s $145,000 principal into its trust account on October 21, 2026, as the first monthly extension payment, extending the deadline to November 24, 2026. Each monthly payment is due no later than two business days before the 24th of the applicable month.

Item 1.01 Entry into a Material Definitive Agreement Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement Financial
The company incurred a new significant debt or off-balance-sheet obligation.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Note principal $145,000 Promissory note issued October 20, 2026
First monthly extension payment $145,000 Deposited into the trust account on October 21, 2026
Deadline after first extension payment November 24, 2026 Business-combination deadline
Approved monthly extension period October 24, 2026 to July 24, 2027 Shareholders approved extensions up to July 24, 2027
non-convertible promissory note financial
"issued a non-convertible promissory note"
A non-convertible promissory note is a written IOU in which a borrower promises to repay a fixed sum plus interest by a set date and it cannot be exchanged for company stock. Think of it as a timed loan receipt rather than a ticket that can become ownership; it matters to investors because it creates a firm debt obligation that affects a company’s cash needs, creditor priority, interest expense and does not dilute existing shareholders.
Trust Account financial
"established in connection with the IPO (the “Trust Account”)"
A trust account is a special bank or brokerage account where assets are held and managed by a designated person or firm (the trustee) for the benefit of another person or group (the beneficiary). It matters to investors because it separates assets from personal or corporate funds, can protect assets, control how and when money is used, and may affect tax or legal rights—think of it as a locked drawer opened only under agreed rules.
Extension Payment financial
"each such deposit, an “Extension Payment”"
initial business combination financial
"date on which the Company consummates its initial business combination"
An initial business combination is the deal in which a special-purpose acquisition company (SPAC) merges with or acquires an operating business to bring that business onto public markets. Think of the SPAC as an empty shell that raises money from investors, then uses that cash to buy a private company—this transaction turns the private company into a public one and often changes its ownership, valuation, and access to capital, so investors should watch for shifts in risk, future growth prospects, and shareholder rights.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

When does TVA have to repay its $145,000 note?

The note is payable on the earlier of the date Texas Ventures Acquisition III Corp consummates its initial business combination or the date the company’s winding up becomes effective. The principal does not accrue interest.

How much must TVA deposit for each monthly extension?

The company is required to deposit $145,000 into its trust account for each monthly extension, no later than two business days before the 24th of the applicable month. The October 21, 2026 deposit was the first payment and extended the deadline to November 24, 2026.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): October 20, 2026

 

 

Texas Ventures Acquisition III Corp

(Exact name of Registrant as Specified in Its Charter)

 

 

Cayman Islands   001-42609   98-1802457
(State or Other Jurisdiction
of Incorporation)
  (Commission File Number)   (IRS Employer
Identification No.)

 

1012 Springfield Avenue    
Mountainside, New Jersey   07092
(Address of Principal Executive Offices)   (Zip Code)

 

Registrant’s Telephone Number, Including Area Code: (201) 985-8300

 

N/A

(Former Name or Former Address, if Changed Since Last Report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading
Symbol(s)
  Name of each exchange
on which registered
Units, each consisting of one Class A ordinary share and one-half of one redeemable warrant   TVACU   The Nasdaq Stock Market LLC
Class A ordinary shares, par value $0.0001 per share   TVA   The Nasdaq Stock Market LLC
Warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50 per share   TVACW   The Nasdaq Stock Market LLC

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company x

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

 

 

 

 

 

 

Item 1.01. Entry into a Material Definitive Agreement.

 

Non-Convertible Promissory Note

 

As previously disclosed in the Current Report on Form 8-K filed by Texas Ventures Acquisition III Corp (the “Company”) with the Securities and Exchange Commission on October 20, 2026, on October 19, 2026, the shareholders of the Company approved the extension on a monthly basis of the date by which the Company must consummate a business combination from October 24, 2026 up to July 24, 2027 (the date that is 27 months from the closing date of the Company’s initial public offering (the “IPO”)) (the “Extension”). Pursuant to the terms of the Extension, for each monthly extension, the Company is required to deposit $145,000 (each such deposit, an “Extension Payment”) into the trust account with Continental Stock Transfer & Trust Company established in connection with the IPO (the “Trust Account”) no later than two business days prior to the 24th day of each applicable month.

 

On October 20, 2026, the Company issued a non-convertible promissory note (the “Non-Convertible Note”) in the aggregate principal amount of $145,000 to Yorkville Acquisition Sponsor II, LLC, a Florida limited liability company (the “Sponsor”), in exchange for the Sponsor’s funding of $145,000 to the Company. On October 21, 2026, the Company deposited the $145,000 principal amount of the Non-Convertible Note into the Trust Account as the first monthly Extension Payment, extending the date by which the Company must consummate a business combination to November 24, 2026.

 

Pursuant to the terms of the Non-Convertible Note, the principal balance shall not accrue interest and shall be payable by the Company on the earlier of the date on which the Company consummates its initial business combination or the date that the winding up of the Company is effective.

 

The foregoing description of the Non-Convertible Note does not purport to be complete and is qualified in its entirety by reference to the full text of the Non-Convertible Note, which is filed herewith as Exhibit 10.1 and is incorporated herein by reference.

 

Item 2.03.Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

 

The information disclosed under Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 2.03.

 

Item 9.01. Financial Statements and Exhibits.

 

(d) Exhibits.

 

Exhibit No.   Description
   
10.1   Non-Convertible Promissory Note, dated October 20, 2026, issued by the Company to the Sponsor.
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

TEXAS VENTURES ACQUISITION III CORP  
     
By: /s/ Troy Rillo  
Name: Troy Rillo  
Chief Executive Officer & Chief Financial Officer  

 

Date: October 21, 2026

 

 

 

Filing Exhibits & Attachments

5 documents

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