Texas Ventures Acquisition III corrects share redemption price to $10.63 from $10.58
TVA•Texas Ventures Acquisition III corrected its redemption price to approximately $10.63 per Class A ordinary share from $10.58, raising the aggregate redemption amount to approximately $188.18 million from $187.26 million.
1. Corrected redemption figures
The company said 17,699,488 Class A ordinary shares were redeemed, representing approximately 78.66% of shares sold in its IPO. After the redemptions, 4,800,512 Class A ordinary shares remain outstanding.
2. Deadline extension
The redemptions accompanied an extension of the initial business combination deadline from October 24, 2026, to July 24, 2027.
