Texas Ventures (NASDAQ: TVA) updates director and officer indemnification
Rhea-AI Filing Summary
Texas Ventures Acquisition III Corp approved a new form of indemnity agreement for its directors and officers on January 6, 2026. This agreement applies to individuals who were appointed on September 18, 2025 and replaces the prior form used for former directors and officers who resigned on that date.
Under the new indemnity agreement, the company will indemnify, hold harmless and exonerate each covered director and officer to the fullest extent permitted by applicable law and its amended and restated memorandum and articles of association. It also provides for advancement of expenses, where allowed by Cayman Islands or Delaware law, and sets out procedures, qualifications and limitations for indemnification claims, supplementing protections already available under the company’s governing documents and law.
Positive
- None.
Negative
- None.
FAQ
What did Texas Ventures Acquisition III Corp (TVA) change in this 8-K?
Texas Ventures Acquisition III Corp approved a new Indemnity Agreement for its directors and officers. The agreement updates and replaces the prior form used for former executives and provides detailed contractual rights for indemnification and expense advancement in connection with certain claims, proceedings or investigations related to their service.
Who is covered by the new indemnity agreement at Texas Ventures (TVA)?
The new Indemnity Agreement covers the company’s directors and officers who were appointed on September 18, 2025. These individuals were never party to the previous indemnity agreement and will only be party to the new form approved on January 6, 2026.
How does the new Texas Ventures indemnity agreement protect directors and officers?
The agreement provides that the company will indemnify, hold harmless and exonerate each covered person to the fullest extent permitted by applicable law and the amended and restated memorandum and articles of association if they become involved in certain claims, proceedings or investigations due to their service to the company.
Does the Texas Ventures (TVA) indemnity agreement cover advancement of expenses?
Yes. The Indemnity Agreement provides for the advancement of expenses to covered directors and officers to the fullest extent not prohibited by Cayman Islands or Delaware law, whichever is more favorable to the indemnitee, subject to the agreement’s procedures, qualifications and exclusions.
How does the new indemnity agreement relate to Texas Ventures’ governing documents?
Each indemnity agreement is intended to provide contractual rights that supplement and are in furtherance of the indemnification already provided in Texas Ventures Acquisition III Corp’s amended and restated memorandum and articles of association and applicable law.
Where can investors find the full text of Texas Ventures’ indemnity agreement?
The company states that the description is qualified in its entirety by reference to the full text of the Indemnity Agreement, which is filed as Exhibit 10.1 and incorporated by reference.