Financing ·
Texas Ventures Acquisition III Corp borrows $250K from Sponsor via convertible working capital note
TVATexas Ventures Acquisition III Corp
On September 30, 2026, Texas Ventures Acquisition III Corp issued a $250,000 unsecured promissory note to its sponsor, Yorkville Acquisition Sponsor II, LLC. The note bears no interest and is payable upon the earlier of the company's initial business combination or winding up. At the sponsor's election, the principal converts into units at $10.00 per unit upon consummation of a business combination. This transaction provides additional working capital for the special purpose acquisition company.