Texas Ventures seeks 9-month SPAC deadline delay
TVA seeks shareholder approval to extend its SPAC deadline to July 24, 2027, or else faces public share redemption and liquidation if no deal closes by October 24, 2026.
Texas Ventures Acquisition III Corp (TVA) is asking shareholders at an October 19, 2026 extraordinary general meeting to approve amendments extending its SPAC deadline to complete an initial business combination from October 24, 2026 to July 24, 2027. One amendment extends this date in the Articles; a second extends the liquidation date in the Investment Management Trust Agreement.
The board states the extensions are needed to allow shareholders to evaluate and potentially approve a proposed merger with Plus Automation, Inc. Holders of Class A public shares (other than 1,050,000 shares held by a sponsor affiliate) may redeem for their pro rata share of the Trust Account in connection with the extension vote, regardless of how or whether they vote. If either extension proposal fails and no business combination closes by October 24, 2026, TVA would redeem all public shares from the Trust Account and then dissolve, and the warrants would expire worthless. Sponsor and its affiliate collectively hold 28.5% of outstanding ordinary shares and intend to vote in favor of all proposals.
Positive
- None.
Negative
- None.
Filing Explained
The merger is not being voted on yet; extension approval could reduce trust funds before financing is confirmed sufficient for closing.
This preliminary proxy is still at the proposal stage: the October 19, 2026 meeting concerns the two extension amendments, not a shareholder vote on the proposed Plus Automation merger. Both amendments must be approved before the extension can take effect.
A proxy statement presents matters for shareholder approval; here, each extension proposal requires affirmative approval from at least two-thirds of the ordinary shares present and voting, and failure of either proposal prevents the amendments from taking effect.
The filing says redemptions connected with the extension could leave only a small fraction of the Trust Account. Subscription financing is expected to satisfy the proposed merger’s minimum-cash condition, but if it does not, additional funds may be needed and may not be available on acceptable terms or at all.
The next specified resolution path is a separate proxy statement/prospectus and shareholder meeting for the proposed business combination; this filing does not establish that the merger has been approved or completed.
Key Figures
Key Terms
Trust Account financial
Extension Amendment regulatory
Investment Management Trust Agreement financial
Potential Business Combination financial
Forward Purchase Agreement financial
Committee on Foreign Investment in the United States (“CFIUS”) regulatory
Compensation Summary
- Extension of Articles deadline to complete an initial business combination to July 24, 2027
- Extension of Trust Agreement liquidation date for the Trust Account to July 24, 2027
- Approval to adjourn the extraordinary general meeting if needed for further proxy solicitation
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What is TVA (Texas Ventures Acquisition III Corp) asking shareholders to approve in this PRE 14A?
How does the proposed extension relate to TVA’s potential merger with Plus Automation, Inc.?
What redemption rights do TVA Class A public shareholders have for this extension vote?
What happens if TVA shareholders do not approve either extension proposal?
How many TVA shares are outstanding and how many are held by the sponsor and its affiliate?
When and where will TVA’s extraordinary general meeting be held?
How might large redemptions affect TVA’s shares and listing status?
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 ( )- -
Banks and Brokerage Firms, please call collect: +1 ( )- -
Email:
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 ( )- -
Banks and Brokerage Firms, please call collect: +1 ( )- -
Email:
SHAREHOLDERS EXERCISING REDEMPTION RIGHTS
| | | |
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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Kevin McGurn
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| | | | — | | | | | | —% | | | | | | — | | | | | | —% | | | | | | —% | | |
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Troy Rillo
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| | | | — | | | | | | —% | | | | | | — | | | | | | —% | | | | | | —% | | |
|
Lawrence Glick
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| | | | — | | | | | | —% | | | | | | — | | | | | | —% | | | | | | —% | | |
|
Alan Garten
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| | | | — | | | | | | —% | | | | | | — | | | | | | —% | | | | | | —% | | |
|
All Directors and Officers as a group (5 individuals):(2)(3)(4)
|
| | | | 1,050,000 | | | | | | 4.67% | | | | | | 7,500,000 | | | | | | 100% | | | | | | 28.5% | | |
| Greater than 5% Beneficial Owners: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
Yorkville Acquisition Sponsor II, LLC(2)(3)
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| | | | — | | | | | | —% | | | | | | 7,500,000 | | | | | | 100% | | | | | | 25.0% | | |
|
YA II PN, Ltd.(2)(3)(4)
|
| | | | 1,050,000 | | | | | | 4.67% | | | | | | 7,500,000 | | | | | | 100% | | | | | | 28.5% | | |
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Anson Advisors Inc./Anson Funds Management LP(5)
|
| | | | 2,199,942 | | | | | | 9.78% | | | | | | — | | | | | | —% | | | | | | 7.33% | | |
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Meteora Capital, LLC(6)
|
| | | | 1,165,475 | | | | | | 5.18% | | | | | | — | | | | | | —% | | | | | | 3.88% | | |
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J. Goldman & Co LP(7)
|
| | | | 1,216,321 | | | | | | 5.41% | | | | | | — | | | | | | —% | | | | | | 4.05% | | |
|
Karpus Management, Inc.(8)
|
| | | | 1,471,700 | | | | | | 6.54% | | | | | | — | | | | | | —% | | | | | | 4.91% | | |
|
Magnetar Financial LLC(9)
|
| | | | 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 ( )- -
Banks and Brokerage Firms, please call collect: +1 ( )- -
Email:
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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| | | |
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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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| | | |
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Title:
Chief Executive Officer and Chief Financial Officer
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