Financial Performance - For the three months ended September 30, 2025, the company reported a net loss of $1,200,656, primarily due to interest income of $2,380,552 from investments held in the Trust Account [131]. - For the nine months ended September 30, 2025, the company achieved a net income of $1,698,895, driven by interest income of $4,114,464 from investments held in the Trust Account [132]. Initial Public Offering - The company completed its Initial Public Offering on April 24, 2025, raising gross proceeds of $225,000,000 from the sale of 22,500,000 Public Units [136]. - Offering costs incurred during the Initial Public Offering totaled $14,006,902, including underwriting fees of $4,500,000 and deferred underwriting fees of $9,000,000 [137]. Trust Account and Capital Needs - As of September 30, 2025, the total amount held in the Trust Account was $226,125,000, which includes interest earned [136]. - The company intends to use substantially all funds in the Trust Account to complete its initial Business Combination, with remaining proceeds allocated for working capital [138]. - The company may need to raise additional capital to complete its Business Combination or to cover significant redemptions of Public Shares, which could involve issuing additional securities or incurring debt [141]. Debt and Off-Balance Sheet Arrangements - The company has no long-term debt or capital lease obligations as of September 30, 2025 [145]. - The company has no off-balance sheet arrangements as of September 30, 2025 [145]. Accounting Policies - The company has identified critical accounting policies related to the fair value of warrant liabilities, which are subject to remeasurement each period [148].
Texas Ventures Acquisition III Corp-A(TVA) - 2025 Q3 - Quarterly Report