Financing ·
Texas Ventures Acquisition IV Corp completed its initial public offering of 17,250,000 units at $10.00 per unit…
TVIVUTexas Ventures Acquisition IV Corp
Texas Ventures Acquisition IV Corp completed its initial public offering of 17,250,000 units at $10.00 per unit, generating $172,500,000 in gross proceeds. Each unit includes one Class A ordinary share and one-half of one redeemable warrant, with warrants exercisable at $11.50 per share. Simultaneously, the company sold 6,100,000 private placement warrants to its Sponsor and Cohen & Company Capital Markets for $6,100,000. Total proceeds of $173,362,500 were placed into a U.S.-based trust account. The company also appointed R. Greg Smith, Andrew Clark, Harvin Moore, and Aruna Viswanathan to its board of directors. Texas Ventures Acquisition IV Corp is a special purpose acquisition company (SPAC) formed to engage in business combinations.