Texas Ventures Acquisition III sets IPO terms

NEW YORK - Texas Ventures Acquisition III Corp (NASDAQ:TVACU) announced the pricing of its initial public offering (IPO) of 20 million units at a yet undisclosed price per unit. The units are slated to commence trading on The Nasdaq Stock Market under the ticker symbol "TVACU" on Wednesday. Each unit comprises one Class A ordinary share and one-half of one redeemable warrant, with each whole warrant enabling the holder to purchase one Class A ordinary share at $11.50, subject to adjustments. Track this and other upcoming IPOs with InvestingPro, which provides comprehensive IPO analysis and performance metrics for newly listed companies.

The company, which is structured as a blank check company, is aiming to raise capital to fund a merger, share exchange, asset acquisition, or similar business combination with one or more businesses. Texas Ventures Acquisition III has a broad mandate but intends to focus on industrial technology targets, including those in software, IoT, digital and energy transition, logistics, and advanced communications such as 5G. InvestingPro subscribers can access detailed financial analysis and valuation metrics for over 1,400 companies in these target sectors, including comprehensive Pro Research Reports that transform complex Wall Street data into actionable intelligence.

The IPO is expected to close on April 24, 2025, with the condition of meeting customary closing criteria. Additionally, the underwriters have been granted a 45-day option to purchase up to an extra 3 million units to cover over-allotments if necessary.

Upon the separation of the units for trading, the Class A ordinary shares and warrants are expected to be listed on Nasdaq under the symbols "TVA" and "TVACW," respectively. The company’s leadership includes CEO E. Scott Crist and CFO R. Greg Smith, with a board comprising industry professionals.

Cohen & Company Capital Markets, a division of J.V.B. Financial Group, LLC, is serving as the lead book-running manager for the offering, with Clear Street LLC acting as the joint book-runner.

The offering is made exclusively through a prospectus, which interested parties can obtain from Cohen & Company Capital Markets when available. A registration statement regarding these securities has been filed with and became effective on the U.S. Securities and Exchange Commission as of April 22, 2025.

This information is based on a press release statement and should not be considered an offer to sell or a solicitation of an offer to buy these securities. The completion of the IPO is not guaranteed and is subject to numerous conditions, including those mentioned in the "Risk Factors" section of the company’s registration statement and prospectus filed with the SEC. Stay ahead of market opportunities with InvestingPro, offering exclusive insights, real-time alerts, and advanced screening tools for both new listings and established companies.

In other recent news, Inspirato Incorporated reported a significant decrease in its 2024 revenue, totaling $280 million, which marks a 15% decline from the previous year. Despite the revenue drop, the company achieved a positive EBITDA of $2 million in the fourth quarter, a notable improvement compared to the full-year adjusted EBITDA loss of $6.5 million. Inspirato’s cash position also strengthened, increasing by $11 million from the previous quarter to reach $35 million. Looking forward, the company projects its 2025 revenue to be between $235 million and $255 million, with an adjusted EBITDA target ranging from $0 to $5 million. Additionally, Inspirato has renewed and expanded its partnerships with luxury resorts in Maui, including Andaz Maui at Wailea Resort and Fairmont Kea Lani, to enhance its offerings for members. These strategic partnerships aim to support Maui’s tourism recovery efforts and provide exclusive accommodations to Inspirato members. While the company has not seen any recent analyst upgrades or downgrades, it continues to focus on operational efficiencies and luxury service offerings as part of its strategic initiatives.

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