Texas Ventures seeks merger deadline extension to 2027
Public shareholders other than the Sponsor Affiliate may elect cash redemption regardless of their vote, with elections due by October 15, 2026.
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Texas Ventures Acquisition III Corp (TVA) is asking shareholders to approve amendments that would extend its business-combination deadline and the trust account’s liquidation date from October 24, 2026, to July 24, 2027, at an extraordinary general meeting on October 19, 2026. Both amendment proposals must pass for the extension to take effect; the board will abandon both if either fails. TVA signed a merger agreement with Plus Automation, Inc. on September 2, 2026, but this meeting does not seek approval of that transaction; a separate shareholder vote is planned. The adjournment proposal would be presented only if votes are insufficient or the board determines it is otherwise necessary.
Public shareholders, except the Sponsor Affiliate, may elect to redeem all or part of their shares regardless of how they vote. Based on $238,022,612 in the trust account as of August 31, 2026, TVA anticipates a redemption price of approximately $10.58 per share at the meeting; elections are due by 5:00 p.m. Eastern Time on October 15, 2026. If the proposals pass, non-redeeming shareholders retain redemption rights at a future business-combination vote and if no combination is completed by the extended deadline. Redemptions could reduce trust funds; financing agreements are expected to satisfy the deal’s minimum-cash condition, but TVA says additional funds may be needed if they do not.
Filing Explained
The Sponsor is committed to vote its founder shares for any extension.
This definitive proxy asks shareholders to extend TVA’s business-combination deadline and trust liquidation date; neither amendment is effective yet, and the board says it will abandon both if the Plus Automation merger agreement is terminated before the meeting. Any public-share redemptions would increase the percentage interests of the Sponsor and Sponsor Affiliate in the remaining ordinary shares.
The Sponsor is committed to vote its founder shares for any extension, and the filing reports that Sponsor Affiliate intends to vote its public shares for both amendment proposals.
Key Figures
Key Terms
initial business combination financial
Trust Account financial
DWAC (Deposit/Withdrawal At Custodian) technical
minimum cash condition financial
CFIUS regulatory
Compensation Summary
- Extend the business-combination deadline from October 24, 2026, to July 24, 2027
- Extend the date for trust account liquidation from October 24, 2026, to July 24, 2027
- Authorize adjournment of the meeting if votes are insufficient or the board determines it is otherwise necessary
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What vote is needed to approve TVA’s extension?
What is the estimated TVA share redemption price?
When and how must TVA shareholders submit redemption shares?
What happens if TVA’s extension proposals are not approved?
Will TVA shareholders vote on the Plus Automation merger at this meeting?
AI-generated analysis. How Rhea-AI works. Not financial advice.
SECURITIES AND EXCHANGE COMMISSION
Securities Exchange Act of 1934
A Cayman Islands Exempted Company
(Company Number 412436)
1012 Springfield Avenue
Mountainside, New Jersey, 07092
To Be Held at 1:00 p.m. Eastern Time on October 19, 2026
| | | | |
Troy Rillo
Chief Executive Officer and Chief Financial Officer |
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Page
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PROXY STATEMENT
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| | | | 1 | | |
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QUESTIONS AND ANSWERS ABOUT THE EXTRAORDINARY GENERAL MEETING
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| | | | 5 | | |
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FORWARD-LOOKING STATEMENTS
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| | | | 16 | | |
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RISK FACTORS
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| | | | 16 | | |
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BACKGROUND
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| | | | 22 | | |
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THE EXTRAORDINARY GENERAL MEETING
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| | | | 24 | | |
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THE EXTENSION AMENDMENT AND THE TRUST AMENDMENT PROPOSALS
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| | | | 26 | | |
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THE ADJOURNMENT PROPOSAL
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| | | | 34 | | |
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U.S. FEDERAL INCOME TAX CONSIDERATIONS FOR SHAREHOLDERS EXERCISING REDEMPTION RIGHTS
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| | | | 35 | | |
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BENEFICIAL OWNERSHIP OF SECURITIES
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| | | | 39 | | |
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HOUSEHOLDING INFORMATION
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| | | | 41 | | |
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WHERE YOU CAN FIND MORE INFORMATION
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| | | | 41 | | |
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ANNEX A
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| | | | A-1 | | |
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ANNEX B
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| | | | B-1 | | |
A Cayman Islands Exempted Company
(Company Number 412436)
1012 Springfield Avenue
Mountainside, New Jersey, 07092
ANNUAL GENERAL MEETING
TO BE HELD ON OCTOBER 19, 2026
333 Ludlow Street, 5th Floor, South Tower
Stamford, Connecticut 06902
Shareholders call toll-free: +1 (800) 662-5200
Banks and Brokerage Firms, please call collect: +1 (203) 658-9400
Email: TVA.info@investor.sodali.com
1 State Street 30th Floor
New York, New York 10004
Attention: SPAC Redemptions
Email: spacredemptions@continentalstock.com
333 Ludlow Street, 5th Floor, South Tower
Stamford, Connecticut 06902
Shareholders call toll-free: +1 (800) 662-5200
Banks and Brokerage Firms, please call collect: +1 (203) 658-9400
Email: TVA.info@investor.sodali.com
SHAREHOLDERS EXERCISING REDEMPTION RIGHTS
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Class A Ordinary Shares
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Class B Ordinary Shares
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Approximate
Percentage of Outstanding Ordinary Shares |
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Name and Address of Beneficial Owner(1)
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Number of
Shares Beneficially Owned |
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Approximate
Percentage of Class |
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Number of
Shares Beneficially Owned |
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Approximate
Percentage of Class |
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| Directors and Officers: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
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Mark Angelo(2)(3)(4)
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| | | | 1,050,000 | | | | | | 4.67% | | | | | | 7,500,000 | | | | | | 100% | | | | | | 28.5% | | |
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Scott Glabe
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| | | | — | | | | | | —% | | | | | | — | | | | | | —% | | | | | | —% | | |
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Troy Rillo
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| | | | — | | | | | | —% | | | | | | — | | | | | | —% | | | | | | —% | | |
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Lawrence Glick
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| | | | — | | | | | | —% | | | | | | — | | | | | | —% | | | | | | —% | | |
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Alan Garten
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| | | | — | | | | | | —% | | | | | | — | | | | | | —% | | | | | | —% | | |
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All Directors and Officers as a group (5 individuals):(2)(3)(4)
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| | | | 1,050,000 | | | | | | 4.67% | | | | | | 7,500,000 | | | | | | 100% | | | | | | 28.5% | | |
| Greater than 5% Beneficial Owners: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
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Yorkville Acquisition Sponsor II, LLC(2)(3)
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| | | | — | | | | | | —% | | | | | | 7,500,000 | | | | | | 100% | | | | | | 25.0% | | |
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YA II PN, Ltd.(2)(3)(4)
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| | | | 1,050,000 | | | | | | 4.67% | | | | | | 7,500,000 | | | | | | 100% | | | | | | 28.5% | | |
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Anson Advisors Inc./Anson Funds Management LP(5)
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| | | | 2,199,942 | | | | | | 9.78% | | | | | | — | | | | | | —% | | | | | | 7.33% | | |
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Meteora Capital, LLC(6)
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| | | | 1,165,475 | | | | | | 5.18% | | | | | | — | | | | | | —% | | | | | | 3.88% | | |
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J. Goldman & Co LP(7)
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| | | | 1,216,321 | | | | | | 5.41% | | | | | | — | | | | | | —% | | | | | | 4.05% | | |
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Karpus Management, Inc.(8)
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| | | | 1,471,700 | | | | | | 6.54% | | | | | | — | | | | | | —% | | | | | | 4.91% | | |
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Magnetar Financial LLC(9)
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| | | | 1,400,000 | | | | | | 6.22% | | | | | | — | | | | | | —% | | | | | | 4.67% | | |
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Tenor Capital Management Company,
L.P.(10) |
| | | | 1,396,956 | | | | | | 6.21% | | | | | | — | | | | | | —% | | | | | | 4.66% | | |
333 Ludlow Street, 5th Floor, South Tower
Stamford, Connecticut 06902
Shareholders call toll-free: +1 (800) 662-5200
Banks and Brokerage Firms, please call collect: +1 (203) 658-9400
Email: TVA.info@investor.sodali.com
TO THE
AMENDED AND RESTATED
MEMORANDUM AND ARTICLES OF ASSOCIATION
OF
TEXAS VENTURES ACQUISITION III CORP
(the “Company”)
RESOLUTIONS OF THE SHAREHOLDERS OF THE COMPANY
TRUST AGREEMENT
| | Continental Stock Transfer & Trust Company, as Trustee | | | | |
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By:
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Name:
Francis Wolf
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Title:
Vice President
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| | Texas Ventures Acquisition III Corp | | | | |
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By:
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Name:
Troy Rillo
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Title:
Chief Executive Officer and Chief Financial Officer
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