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Texas Ventures Acquisition III Corp extends business combination deadline to July 24, 2027 via monthly $145,000 payments
TVATexas Ventures Acquisition III Corp
Shareholders approved extending the deadline for consummating a business combination from October 24, 2026, to July 24, 2027. The company issued a non-convertible promissory note for $145,000 to its sponsor and deposited this amount into the trust account as the first monthly extension payment. This action extends the business combination deadline to November 24, 2026, with subsequent monthly payments required to maintain the extended timeline until July 2027. The note bears no interest and is payable upon the earlier of a completed business combination or winding up. Texas Ventures Acquisition III Corp operates as a blank check company focused on identifying and merging with private businesses.