Texas Ventures Acquisition III Corp Files Q2 2025 10-Q

TL;DR

Texas Ventures Acquisition III Corp filed its 10-Q for Q2 2025, showing its latest financial status.

AI Summary

Texas Ventures Acquisition III Corp filed its quarterly report on Form 10-Q for the period ended June 30, 2025. The company, incorporated in the Cayman Islands, is a blank check company with its principal executive offices located in Houston, Texas. The filing details its financial status and operational updates for the specified quarter.

Why It Matters

This filing provides investors with an update on the financial health and operational status of Texas Ventures Acquisition III Corp, a special purpose acquisition company (SPAC).

Risk Assessment

Risk Level: low — This is a standard quarterly filing for a SPAC, providing routine financial updates without immediate significant new risks.

Key Players & Entities

• Texas Ventures Acquisition III Corp (company) — Registrant
• June 30, 2025 (date) — Quarterly period end date
• Cayman Islands (location) — State of incorporation
• Houston, Texas (location) — Principal executive offices
• 001-42609 (other) — Commission file number

FAQ

Key Financial Figures

• $0.0001 — LLC Class A ordinary shares, par value $0.0001 par value TVA The Nasdaq Stock Market L
• $11.50 — ordinary share at an exercise price of $11.50 per share TVACW The Nasdaq Stock Market
• $300,000 — y note in the principal amount of up to $300,000 issued to our Sponsor on August 1, 2024
• $1.00 — Warrants (defined below) at a price of $1.00 per warrant ($4,1000,000 in the aggrega
• $4,1000,000 — below) at a price of $1.00 per warrant ($4,1000,000 in the aggregate); in connection with t
• $226,125,000 — sed trust account in which an amount of $226,125,000 from the net proceeds of the sale of th

Filing Documents

• ea0252548-10q_texas3.htm (10-Q) — 451KB
• ea025254801ex31-1_texas3.htm (EX-31.1) — 10KB
• ea025254801ex31-2_texas3.htm (EX-31.2) — 11KB
• ea025254801ex32-1_texas3.htm (EX-32.1) — 5KB
• ea025254801ex32-2_texas3.htm (EX-32.2) — 5KB
• 0001213900-25-076736.txt ( ) — 3608KB
• tva-20250630.xsd (EX-101.SCH) — 43KB
• tva-20250630_cal.xml (EX-101.CAL) — 20KB
• tva-20250630_def.xml (EX-101.DEF) — 203KB
• tva-20250630_lab.xml (EX-101.LAB) — 315KB
• tva-20250630_pre.xml (EX-101.PRE) — 208KB
• ea0252548-10q_texas3_htm.xml (XML) — 331KB

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION 1 Item 1. Unaudited Condensed Financial Statements 1 Condensed Balance Sheets as of June 30, 2025 (unaudited) and December 31, 2024 1 Condensed Unaudited Statements of Operations for the three and six months ended June 30, 2025 2 Condensed Unaudited Statement of Changes in Shareholders' Deficit for the three and six months ended June 30, 2025 3 Condensed Unaudited Statement of Cash Flows for the six months ended June 30, 2025 4 Notes to Unaudited Condensed Financial Statements 5 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 20 Item 3.

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk 24 Item 4.

Controls and Procedures

Controls and Procedures 24

- OTHER INFORMATION

PART II - OTHER INFORMATION 25 Item 1.

Legal Proceedings

Legal Proceedings 25 Item 1A.

Risk Factors

Risk Factors 25 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 25 Item 3. Defaults upon Senior Securities 25 Item 4. Mine Safety Disclosures 25 Item 5. Other Information 25 Item 6. Exhibits 26

SIGNATURES

SIGNATURES 27 i Unless otherwise stated in this Report (as defined below), or the context otherwise requires, references to: "Administrative Services Agreement" are to the Administrative Services Agreement, dated April 22, 2025, which we entered into with our Sponsor (as defined below); "Amended and Restated Articles" are to our Amended and Restated Memorandum and Articles of Association, as currently in effect; "ASC" are to the FASB (as defined below) Accounting Standards Codification; "ASU" are to the FASB Accounting Standards Update; "Board of Directors" or "Board" are to our board of directors; "Business Combination" are to a merger, capital share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses; "Class A Ordinary Shares" are to our Class A ordinary shares, par value $0.0001 per share; "Class B Ordinary Shares" are to our Class B ordinary shares, par value $0.0001 per share; "Combination Period" are to the eighteen-month period, from the closing of the Initial Public Offering (as defined below) to October 24, 2026 (or such earlier date as determined by the Board) that we have to consummate an initial Business Combination; provided that the Combination Period may be extended pursuant to an amendment to the Amended and Restated Articles and consistent with applicable laws, regulations and stock exchange rules; "Companies Act" are to the Companies Act (As Revised) of the Cayman Islands, as may be amended from time to time; "Company," "our," "we" or "us" are to Texas Ventures Acquisition III Corp, a Cayman Islands exempted company; "Continental" are to Continental Stock Transfer & Trust Company, trustee of our Trust Account (as defined below) and warrant agent of our Public Warrants (as defined below); "Deferred Fee" are to the additional fee of up to 4% of the gross proceeds of the Initial Public Offering to which the underwriters to the Initial Public Offering are e

– FINANCIAL INFORMATION

PART I – FINANCIAL INFORMATION

Unaudited Condensed Financial Statements

Item 1. Unaudited Condensed Financial Statements TEXAS VENTURES ACQUISITION III CORP CONDENSED BALANCE SHEETS June 30, December 31, 2025 2024 (Unaudited) ASSETS Current Assets: Cash $ 969,890 $ 2,232 Prepaid expenses 152,698 4,566 Total Current Assets 1,122,588 6,798 Prepaid expenses, non-current 83,333 — Investments held in Trust Account 227,858,912 — Deferred offering costs — 248,425 Total Assets $ 229,064,833 $ 255,223 LIABILITIES AND SHAREHOLDERS' DEFICIT Current Liabilities: Accrued expenses $ 50,211 $ — Accrued offering costs 1,402 122,760 Promissory note – related party — 152,200 Total Current Liabilities 51,613 274,960 Warrant liability 2,664,318 — Deferred underwriting commissions 9,000,000 — Total Liabilities 11,715,931 274,960 Commitments and contingencies (Note 6) Class A ordinary shares subject to possible redemption; 22,500,000 shares (at redemption value of $ 10.12 and $ 0 at June 30, 2025 and December 31, 2024, respectively) 227,858,912 — Shareholders' Deficit: Preference shares, $ 0.0001 par value; 5,000,000 shares authorized; none issued or outstanding at June 30, 2025 and December 31, 2024 — — Class A ordinary shares, $ 0.0001 par value, 500,000,000 shares authorized, none issued or outstanding at June 30, 2025 and December 31, 2024 — — Class B ordinary shares, $ 0.0001 par value, 50,000,000 shares authorized, 7,500,000 and 7,666,667 shares issued and outstanding at June 30, 2025 and December 31, 2024 750 767 Additional paid-in capital — 24,233 Accumulated deficit ( 10,510,760 ) ( 44,737 ) Total Shareholders' Deficit ( 10,510,010 ) ( 19,737 ) Total Liabilities and Shareholders' Deficit $ 229,064,833 $ 255,223 See accompanying notes to the condensed financial statements. 1 TEXAS VENTURES ACQUISITION III CORP CONDENSED STATEMENTS OF OPERATIONS (unaudited) For the Three Months Ended For the Six Months Ended June 30, June 30, 2025

View Full Filing

View this 10-Q filing on SEC EDGAR