Karpus Reports 4.91% Stake in Texas Ventures Acquisition III Corp

Rhea-AI Filing Summary

Karpus Management, Inc. reports beneficial ownership of 1,471,700 common shares of Texas Ventures Acquisition III Corp, representing 4.91% of the class as of 09/30/2025. The shares are held directly in accounts managed by Karpus and Karpus states they were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control.

The filing notes Karpus is a registered investment adviser organized in New York and is controlled by City of London Investment Group plc, but effective informational barriers are in place so Karpus exercises voting and investment power independently. The reporting person discloses sole voting and dispositive power over the 1,471,700 shares and certifies the statement through its Chief Compliance Officer on 10/07/2025.

Positive

• Transparent disclosure of beneficial ownership: 1,471,700 shares disclosed
• Position remains below 5%, showing a material but non-controlling stake (4.91%)

Negative

• None.

Insights

Institutional Ownership Analyst

Karpus holds a notable minority stake below the 5% reporting threshold.

Karpus reports sole voting and dispositive power over 1,471,700 shares, equal to 4.91% of the outstanding class as of 09/30/2025. That level signals a visible institutional position without crossing the common regulatory threshold that often triggers heightened market attention.

The position appears informational and passive per the certification; monitor any future amendments that push ownership above 5.00% or filings that change the stated intent, which would be material near-term events.

Compliance & Regulatory Analyst

Filing follows Schedule 13G procedural norms with an adviser classification.

The statement classifies Karpus as an investment adviser (IA) and discloses corporate relationships: Karpus is controlled by CLIG but asserts effective informational barriers. The filing includes the required certification that the shares were not acquired to influence control.

Investors should note the filing date elements (09/30/2025 event date and signature on 10/07/2025) for tracking regulatory timeliness and watch for any conversion to Schedule 13D or later amendments that would indicate a change in intent or control within short-term regulatory windows.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Texas Ventures Acquisition III Corp

(Name of Issuer)

Common

(Title of Class of Securities)

G8772L105

(CUSIP Number)

09/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. G8772L105

1

Names of Reporting Persons

KARPUS MANAGEMENT, INC.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

NEW YORK

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 1,471,700.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 1,471,700.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,471,700.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.91 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Texas Ventures Acquisition III Corp
(b)	Address of issuer's principal executive offices: 5090 Richmond Avenue, Suite 319, Houston, TX 77056
Item 2.
(a)	Name of person filing: This statement is being filed by Karpus Management, Inc., d/b/a Karpus Investment Management ("Karpus" or the "Reporting Person"). Karpus is a registered investment adviser under Section 203 of the Investment Advisers Act of 1940. Karpus is controlled by City of London Investment Group plc ("CLIG"), which is listed on the London Stock Exchange. However, in accordance with SEC Release No. 34-39538 (January 12, 1998), effective informational barriers have been established between Karpus and CLIG such that voting and investment power over the subject securities is exercised by Karpus independently of CLIG, and, accordingly, attribution of beneficial ownership is not required between Karpus and CLIG. The Shares to which this Schedule 13G relates are owned directly by the accounts managed by Karpus.
(b)	Address or principal business office or, if none, residence: 183 Sully's Trail, Pittsford, New York 14534.
(c)	Citizenship: The members of the Karpus Management Committee are US citizens. Karpus is a New York corporation.
(d)	Title of class of securities: Common
(e)	CUSIP No.: G8772L105
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 1,471,700.00
(b)	Percent of class: 4.91 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 1,471,700.00
	(ii) Shared power to vote or to direct the vote: 0.00
	(iii) Sole power to dispose or to direct the disposition of: 1,471,700.00
	(iv) Shared power to dispose or to direct the disposition of: 0.00
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

KARPUS MANAGEMENT, INC.

Signature:	/s/ Jodi L. Hedberg
Name/Title:	Jodi L. Hedberg / Chief Compliance Officer
Date:	10/07/2025

FAQ

How many TVA shares does Karpus Management own?

Karpus Management reports ownership of 1,471,700 common shares, representing 4.91% of the class.

Does Karpus intend to influence control of TVA (ticker TVA)?

The filing certifies the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control.

What voting and dispositive powers does Karpus have over TVA shares?

Karpus reports sole voting power and sole dispositive power over all 1,471,700 shares and reports 0 shared powers.

Is Karpus affiliated with another firm that could affect TVA disclosures?

Karpus is controlled by City of London Investment Group plc (CLIG), but the filing states that effective informational barriers exist and attribution of ownership to CLIG is not required.

When were the event and signature dates recorded in the filing?

The event date requiring this filing is 09/30/2025, and the statement was signed by the Chief Compliance Officer on 10/07/2025.