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Texas Ventures Acquisition III Corp announces change of sponsor, board, and management
TVA
M&A
Board Change
Management Change
- On September 18, 2025, Yorkville Acquisition Sponsor II, LLC acquired 7,500,000 Class B Ordinary Shares and 4,700,000 Private Warrants from TV Partners III, LLC for $7,400,000, making Yorkville Acquisition Sponsor II, LLC the new sponsor of Texas Ventures Acquisition III Corp.
- Concurrently, all existing directors and officers of Texas Ventures Acquisition III Corp resigned, and a new board of directors and management team were appointed, effective September 18, 2025.
- The new leadership includes Mark Angelo as Chairman of the Board, Kevin McGurn as Chief Executive Officer, and Troy Rillo as Chief Financial Officer.
- The New Sponsor consummated the purchase despite a condition requiring a waiver from underwriters regarding deferred underwriting fees not being satisfied.
Sep 24, 2025, 8:10 PM
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