Texas Ventures Acquisition III Corp (NASDAQ:TVA – Get Free Report) Director Mark Angelo bought 125,000 shares of Texas Ventures Acquisition III stock in a transaction dated Friday, February 27th. The stock was purchased at an average price of $10.48 per share, for a total transaction of $1,310,000.00. Following the purchase, the director directly owned 1,050,000 shares in the company, valued at $11,004,000. This represents a 13.51% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Texas Ventures Acquisition III Stock Performance
Shares of NASDAQ:TVA traded down $0.03 during trading on Monday, reaching $10.48. The stock had a trading volume of 15,048 shares, compared to its average volume of 88,920. Texas Ventures Acquisition III Corp has a 52 week low of $10.06 and a 52 week high of $12.27. The business’s 50-day moving average price is $10.48 and its 200 day moving average price is $10.54.
Texas Ventures Acquisition III (NASDAQ:TVA – Get Free Report) last issued its quarterly earnings results on Wednesday, April 15th. The company reported $0.17 earnings per share (EPS) for the quarter.
Analysts Set New Price Targets
View Our Latest Stock Analysis on TVA
Hedge Funds Weigh In On Texas Ventures Acquisition III
Several institutional investors have recently modified their holdings of the business. DLD Asset Management LP lifted its holdings in shares of Texas Ventures Acquisition III by 106.9% in the first quarter. DLD Asset Management LP now owns 197,072 shares of the company’s stock valued at $2,048,000 after purchasing an additional 101,805 shares in the last quarter. Yorkville Advisors Global LP bought a new position in shares of Texas Ventures Acquisition III during the first quarter worth about $10,910,000. Lincoln Capital Corp bought a new position in shares of Texas Ventures Acquisition III during the first quarter worth about $520,000. Praetorian PR LLC acquired a new stake in Texas Ventures Acquisition III in the 4th quarter valued at approximately $2,077,000. Finally, Rivernorth Capital Management LLC raised its position in Texas Ventures Acquisition III by 33.6% in the 4th quarter. Rivernorth Capital Management LLC now owns 397,500 shares of the company’s stock valued at $4,233,000 after buying an additional 100,000 shares during the last quarter.
Texas Ventures Acquisition III Company Profile
Texas Ventures Acquisition III (NASDAQ: TVA) is a special purpose acquisition company (SPAC) listed on the NASDAQ exchange. As a blank‑check company, its principal business purpose is to raise capital in the public markets and use those proceeds to identify, negotiate and consummate one or more business combinations with an operating company.
Unlike an operating company, Texas Ventures Acquisition III does not produce goods or services while it searches for a target. Its activities typically include managing the capital held in trust, conducting diligence on prospective acquisition candidates, negotiating transaction terms, and seeking shareholder and regulatory approvals required to complete a business combination.
Pending completion of a business combination, the company’s prospects and ultimate strategy are driven by its management and sponsors; specific target industries, geographies and leadership details are disclosed through the company’s public filings and press releases as opportunities develop.
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