Texas Ventures Acquisition III Corp, a blank check company, reported a net income of $5.93 million for the year ended December 31, 2025, a significant turnaround from the $44,737 net loss incurred from its inception on July 26, 2024, through December 31, 2024. This increase in profitability was primarily driven by $6.34 million in interest income earned on investments held in the Trust Account, $24,082 in interest income earned on cash held in operating accounts, $28,614 from debt forgiveness, and a $257,126 realized gain on NMSI warrants. These gains were partially offset by general and administrative expenses totaling $718,934.
As of December 31, 2025, the company's total assets stood at $233.45 million, including $232.46 million held in a Trust Account and $958,631 in current assets. Total liabilities amounted to $9.23 million, which included $9 million in deferred underwriting commissions. The company's financial activities during the year included depositing $226.13 million into the Trust Account and utilizing $437,989 in cash for operating activities.
Strategic developments during the year included a significant change in sponsorship. On September 18, 2025, Yorkville Acquisition Sponsor II, LLC acquired 7.5 million Class B Ordinary Shares and 4.7 million Private Placement Warrants from the previous sponsor, TV Partners III, LLC, for $7.4 million, subsequently becoming the company's new sponsor. This transaction also led to a change in the company's board of directors and management team. Furthermore, the company announced ongoing discussions with Trump Media & Technology Group Corp. (TMTG) on February 27, 2026, regarding a potential Business Combination with SpinCo, a new entity to be formed through a spin-off of certain TMTG businesses, including Truth Social, although no definitive agreement has been reached.
The company's future is contingent upon completing a Business Combination, with a deadline of 18 months from the Initial Public Offering. If a Business Combination is not completed within this timeframe, the company will be forced to liquidate, returning funds to public shareholders. The company's financial statements also express substantial doubt about its ability to continue as a going concern, given its limited operating history and dependence on completing a Business Combination. As of April 15, 2026, there were 22,500,000 Class A ordinary shares and 7,500,000 Class B ordinary shares issued and outstanding.
About Texas Ventures Acquisition III Corp
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