Financing ·
Texas Ventures Acquisition III Corp amends and restates working capital note with Sponsor to $750,000
TVATexas Ventures Acquisition III Corp
On November 8, 2026, Texas Ventures Acquisition III Corp issued an amended and restated convertible unsecured promissory note to its Sponsor, Yorkville Acquisition Sponsor II, LLC. The new A&R Working Capital Note supersedes a prior $250,000 note and increases the aggregate principal amount available for working capital purposes to up to $750,000. The note bears no interest and is payable upon the earlier of the consummation of an initial business combination or the effective date of the Company's winding up. At the Sponsor's election upon a business combination, the outstanding balance converts into units at $10.00 per unit. Texas Ventures Acquisition III Corp operates as a blank check company in the SPAC industry.