Texas Ventures (TVA) insiders report 7.5M Class B, 4.7M warrants
Rhea-AI Filing Summary
Texas Ventures Acquisition III Corp (TVA) insiders filed a Form 3 disclosing initial beneficial ownership tied to the SPAC’s sponsor group. The filing reports 7,500,000 Class B ordinary shares that convert into Class A on a one-for-one basis and 4,700,000 private placement warrants exercisable for Class A at $11.50 per share. The securities are held indirectly by Yorkville Acquisition Sponsor II LLC under a purchase agreement dated September 18, 2025. The reporting persons are identified as a Director and 10% Owner, with beneficial ownership described through YA II PN, Yorkville Advisors entities, and Mark Angelo (who disclaims beneficial ownership beyond any pecuniary interest).
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class B Ordinary Shares | -- | -- | -- |
| holding | Private Placement Warrants | -- | -- | -- |
Footnotes (4)
- F1. As described in the Issuer's registration statement on Form S-1, as amended (File No. 333-284793) under the heading "Description of Securities-Founder Shares", the Class B ordinary shares will automatically convert into Class A ordinary shares at the time of the Issuer's initial business combination or earlier at the option of the holder on a one-for-one basis, subject to certain adjustments described therein and have no expiration date.
- F2. These Class B ordinary shares and private placement warrants are held by Yorkville Acquisition Sponsor II LLC (the "New Sponsor") and were acquired pursuant to a purchase agreement, dated September 18, 2025, by and between the New Sponsor, the Issuer, and TV Partners III, LLC.
- F3. YA II PN, Ltd. ("YA II PN") is the sole member and manager of the Sponsor and holds voting and investment discretion over the securities held by the Sponsor. YA II PN is managed by Yorkville Advisors Global, LP ("Yorkville LP"), whose General Partner is Yorkville Advisors Global II, LLC ("Yorkville LLC"). All investment decisions for YA II PN are made by Mark Angelo, President and Managing Member of Yorkville LLC, and, as President and Managing Member of Yorkville LLC, Mr. Angelo may be deemed to have beneficial ownership of the Class B ordinary shares and private placement warrants held by the Sponsor. Mr. Angelo disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest he may have therein, directly or indirectly.
- F4. As described in the Issuer's registration statement on Form S-1, as amended (File No. 333-284793) under the heading 'Description of Securities-Private Placement Warrants,' each private placement warrant is exercisable for one Class A ordinary share at an exercise price of $11.50 per share, subject to adjustment as described therein. The private placement warrants become exercisable 30 days after the completion of the Issuer's initial business combination and expire five years after the completion of the initial business combination or earlier upon redemption or liquidation, subject to certain terms and conditions described therein.
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