Texas Ventures Acquisition III increases working capital loan from Yorkville Acquisition Sponsor II to up to $750,000
TVA•Texas Ventures Acquisition III issued an amended note for up to $750,000 on November 8, 2026, after Yorkville Acquisition Sponsor II committed up to $500,000 more to its working capital loan. The interest-free note is payable upon a business combination or winding up and may convert into up to 75,000 units at $10 each.
1. Loan terms
Texas Ventures Acquisition III issued an amended and restated convertible unsecured promissory note for up to $750,000 on November 8, 2026. Yorkville Acquisition Sponsor II committed up to $500,000 more, expanding its $250,000 working capital loan dated September 30, 2026. The interest-free note is payable upon the earlier of completion of the initial business combination or effective winding up.
2. Conversion details
Upon completion of the initial business combination, the sponsor may convert principal into up to 75,000 New Units at $10 per unit. Each unit comprises one Class A ordinary share and half a redeemable warrant; whole warrants are exercisable at $11.50 per share.
