Texas Ventures Acquisition III issues $250,000 working capital note to Yorkville Acquisition Sponsor II
TVA•Texas Ventures Acquisition III issued a $250,000, non-interest-bearing working capital note to Yorkville Acquisition Sponsor II on Sept. 30, 2026. The sponsor may convert it at a business-combination closing into up to 25,000 units at $10 each.
1. Note terms
Repayment is due when a business combination closes or if the company winds up. At closing, the sponsor can convert the note into up to 25,000 private placement-style units, rounded down; each unit includes one Class A share and half a redeemable warrant, with each whole warrant exercisable at $11.50 per share.
