IPO and Offering Details - The company completed its IPO on April 24, 2025, raising gross proceeds of $225 million by selling 22,500,000 Units at $10.00 per Unit[111]. - The company incurred offering costs of $14,006,902, which included underwriting fees of $4,500,000 and deferred underwriting fees of $9,000,000[117]. - The total amount placed in the Trust Account after the IPO and Private Placement was $226,125,000, equating to $10.05 per Unit[116]. - The deferred underwriting fee for the underwriters is $0.40 per share, totaling up to $9,000,000, contingent on the completion of a Business Combination[126]. Financial Performance - As of March 31, 2025, the company reported a net loss of $39,596, primarily due to formation and operating costs[114]. - The company has not generated any revenues to date and does not expect to do so until after the completion of its Business Combination[113]. Trust Account and Future Plans - The company intends to use substantially all funds in the Trust Account to complete its initial Business Combination[118]. - The company may need to raise additional capital through loans or investments to finance transaction costs related to the initial Business Combination[123]. Debt and Liabilities - The company has no long-term debt or off-balance sheet arrangements as of March 31, 2025[124]. - The company has no obligations for long-term liabilities other than monthly administrative services of $10,000[125]. Regulatory Classification - The company is classified as a smaller reporting company under Rule 12b-2 of the Exchange Act and is not obligated to provide the detailed disclosures typically required for market risk[131].
Texas Ventures Acquisition III Corp-A(TVA) - 2025 Q1 - Quarterly Report