Yorkville Advisors Global LP Invests $10.91 Million in Texas Ventures Acquisition III Corp $TVA

Yorkville Advisors Global LP purchased a new position in Texas Ventures Acquisition III Corp (NASDAQ:TVA) during the 1st quarter, Holdings Channel reports. The fund purchased 1,050,000 shares of the company’s stock, valued at approximately $10,910,000. Texas Ventures Acquisition III makes up 6.6% of Yorkville Advisors Global LP’s portfolio, making the stock its 4th biggest holding.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Royal Bank of Canada bought a new position in Texas Ventures Acquisition III in the 4th quarter worth about $35,000. Quarry LP bought a new stake in shares of Texas Ventures Acquisition III during the fourth quarter valued at approximately $129,000. Marex Group plc bought a new stake in shares of Texas Ventures Acquisition III during the fourth quarter valued at approximately $133,000. DLD Asset Management LP boosted its holdings in shares of Texas Ventures Acquisition III by 42.9% in the fourth quarter. DLD Asset Management LP now owns 95,267 shares of the company’s stock valued at $1,015,000 after purchasing an additional 28,600 shares during the period. Finally, Governors Lane LP boosted its holdings in shares of Texas Ventures Acquisition III by 11.5% in the fourth quarter. Governors Lane LP now owns 468,058 shares of the company’s stock valued at $4,985,000 after purchasing an additional 48,258 shares during the period.

Texas Ventures Acquisition III Price Performance

NASDAQ TVA opened at $10.55 on Thursday. The company’s 50-day simple moving average is $10.51 and its two-hundred day simple moving average is $10.53. Texas Ventures Acquisition III Corp has a one year low of $10.11 and a one year high of $12.27.

Texas Ventures Acquisition III (NASDAQ:TVA) last announced its quarterly earnings results on Wednesday, April 15th. The company reported $0.17 earnings per share for the quarter.

Analyst Upgrades and Downgrades

TVA has been the topic of several research reports. Weiss Ratings upgraded Texas Ventures Acquisition III from a “sell (d-)” rating to a “sell (d)” rating in a report on Monday, June 1st. Wall Street Zen cut Texas Ventures Acquisition III from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Texas Ventures Acquisition III has an average rating of “Sell”.

About Texas Ventures Acquisition III

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.