Financial Performance - The company reported a net income of $2,939,147 for the three months ended June 30, 2025, primarily due to interest earned on investments held in the Trust Account of $1,733,912[114]. - For the six months ended June 30, 2025, the net income was $2,899,551, with similar sources of income as the quarterly report[115]. Initial Public Offering (IPO) - The Initial Public Offering (IPO) generated gross proceeds of $225,000,000 from the sale of 22,500,000 Public Units at a price of $10.00 per Unit[117]. - After the IPO and Private Placement, a total of $226,125,000 was placed in the Trust Account, equating to $10.05 per Unit[117]. - Offering costs incurred amounted to $14,006,902, which included underwriting fees of $4,500,000 and deferred underwriting fees of $9,000,000[118]. Financial Position - The company has no long-term debt or off-balance sheet arrangements as of June 30, 2025[125]. - Monthly administrative service fees of $10,000 began on April 24, 2025, and will continue until the completion of the Business Combination or liquidation[126]. Future Capital Needs - The company may need to raise additional capital through loans or investments to finance transaction costs related to the initial Business Combination[124]. - The company has incurred significant costs related to its acquisition plans and expects to continue doing so[111]. - The company has not generated any operating revenues to date and will not do so until after the completion of its Business Combination[113].
Texas Ventures Acquisition III Corp-A(TVA) - 2025 Q2 - Quarterly Report