TVA
Texas Ventures Acquisition III CorpFinancial Services·Shell Companies
$10.50
$315M market cap
Revenue
$0.0M
Free Cash Flow
$-0.4M
Rev Growth
+0.0%
FCF Margin
0.0%
P/FCF
--
EV/FCF
--
Fwd EV/EBITDA
--
Fair Value
--
Upside
--
Texas Ventures Acquisition III Corp does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company was incorporated in 2024 and is based in Houston, Texas.
2-Year Price History
$10.50+5.1%
Quarterly Financials & Projections
Quarterly Waterfall ($ M)
| Period | Rev | EBITDA | OpIn | NI | OCF | FCF | CapEx | Cash | Debt | Shares | ROIC | IntCov | EV/EBITDA | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Act | 2026-Q1 | 0.0 | 0.0 | 0.0 | -0.5 | -0.4 | -0.4 | -0.0 | 0.5 | 0.0 | 22.5 | -- | -- | -- |
Valuation & Metrics
Market Stats
Price$10.50
Market Cap$315M
Enterprise Value$315M
P/S Ratio0.0x
P/FCF--
EV/FCF--
FCF Margin (TTM)0.0%
FCF Yield-0.1%
Dividend Yield (TTM)--
Annual Dilution0.0%
CurrencyUSD
TTM Financial Snapshot
Revenue$0.0M
Net Income$-0.5M
Free Cash Flow$-0.4M
Revenue Growth (YoY)+0.0%
EBITDA Margin0.0%
Net Margin0.0%
FCF Margin0.0%
CapEx % of Revenue0.0%
SBC % of Revenue0.0%
ROIC--
WC Change % Rev0.0%
Interest Coverage--
Forward Outlook & Risk
Short Interest
Short % of Float--
Short Shares0.0M
Days to Cover1.0
Change (vs Prior)-11.5%
Need at least 2 settlement dates for chart
Cash Runway
14.9months
WATCH
Institutional Ownership
Headline & net flow
NEUTRAL
Net flow · —still filing
No float data — flow unavailable.
Ownership composition
Active
65.8%(+17.2% YoY)
54 filers
hedge / family / endowment
Retail funds
—
Fidelity, Schwab, 401(k)
Passive
0.0%(+0.0% YoY)
1 filers
Vanguard, iShares, SPDR
Market makers
0.0%(-0.0% YoY)
0 filers
Citadel, Susquehanna
Insiders
—
Form 4 — latest per insider
ActiveRetail fundsPassiveMarket makersRetail direct
Top holders
| Fund | $ value | Cost basis | Δ QoQ | Δ YoY | α life | Fund AUM |
|---|---|---|---|---|---|---|
| Anson Funds Management LP | $22.9M | $10.71 | +$0 | +$22.9M | -2.1% | $758M |
| Magnetar Financial LLC | $14.5M | $10.71 | +$0 | +$14.5M | -0.8% | $9.54B |
| TENOR CAPITAL MANAGEMENT Co., L.P. | $14.5M | $10.09 | +$0 | +$14.5M | +5.6% | $1.50B |
| J. Goldman & Co LP | $12.0M | $10.69 | −$589K | +$12.0M | +0.5% | $2.16B |
| Yorkville Advisors Global, LP | $10.9M | $10.39 | +$10.9M | +$10.9M | -65.6% | $147M |
| Harraden Circle Investments, LLC | $10.2M | $10.67 | −$849K | +$10.2M | -28.6% | $744M |
| LINDEN ADVISORS LP | $10.0M | $10.09 | −$374K | +$10.0M | -7.0% | $1.89B |
| AQR Arbitrage LLC | $9.9M | $10.71 | −$961K | +$9.9M | -0.0% | $5.11B |
| LMR Partners LLP | $9.4M | $10.65 | +$0 | +$9.4M | -2.0% | $8.84B |
| HIGHBRIDGE CAPITAL MANAGEMENT LLC | $7.7M | $10.39 | +$7.7M | +$7.7M | -5.6% | $1.12B |
| TWO SIGMA INVESTMENTS, LP | $7.5M | $10.09 | +$0 | +$7.5M | -0.9% | $117.03B |
| METEORA CAPITAL, LLC | $7.5M | $10.39 | +$7.5M | +$7.5M | -6.1% | $69.12B |
| D. E. Shaw & Co., Inc. | $7.1M | $10.30 | +$0 | +$7.1M | -0.3% | $118.02B |
| Vivaldi Asset Management, LLC | $6.7M | $10.09 | −$6.4M | +$6.7M | +3.3% | $1.90B |
| Governors Lane LP | $4.6M | $10.15 | −$229K | +$4.6M | +1.6% | $801M |
| ARISTEIA CAPITAL LLC | $4.2M | $10.09 | +$0 | +$4.2M | +5.0% | $2.68B |
| RIVERNORTH CAPITAL MANAGEMENT, LLC | $3.9M | $10.69 | −$234K | +$3.9M | -13.5% | $1.98B |
| Mercuria Capital Strategies, LLC | $3.6M | $10.65 | −$1.6M | +$3.6M | +4.6% | $262M |
| Verition Fund Management LLC | $3.4M | $10.09 | −$126K | +$3.4M | -0.4% | $9.73B |
| GOLDMAN SACHS GROUP INC | $3.4M | $10.71 | −$111K | +$3.4M | -0.2% | $760.93B |
Cost basis is a volume-weighted estimate from accumulation periods within our 13F history; holders who built their position before our window started will show a stale basis. % above the cost basis is the unrealized gain at the current price.
Trading behavior
Smart-money alpha (lifetime, %/qtr)BEARISH
Holders
-5.40%
avg per quarter
Holders (ex-self)
-5.41%
excl. this stock
Buyers (this Q)
-24.21%
15 buyers · $0.03B in
Sellers (this Q)
-0.30%
23 sellers · $0.02B out
alpha coverage: 99% of $ has a lifetime-alpha record
Holder behavior (holder profile)source: holder
On big dips (−10%+)
-5.1%
how holders react when this stock falls
On quiet Qs
-14.1%
−10% to +10% baseline
On rallies (+10%+)
-14.5%
how they react when this stock rises
Holders' portfolio flow this Q
+10.5%
inflows — adds are organic
Sellers' portfolio flow this Q
+5.2%
Sellers grew AUM elsewhere — opinionated cut of this stock.
Biggest decreases this quarter
Vivaldi Asset Management, LLC−$6.4Mα+3.3Praetorian PR LLCexited−$2.1MMercuria Capital Strategies, LLC−$1.6Mα+4.6AQR Arbitrage LLC−$961Kα-0.0FIFTH LANE CAPITAL, LPexited−$952KHarraden Circle Investments, LLC−$849Kα-28.6PERISCOPE CAPITAL INC.−$774Kα+1.7J. Goldman & Co LP−$589Kα+0.5PICTON MAHONEY ASSET MANAGEMENT−$520Kα+1.4WEXFORD CAPITAL LPexited−$501K
New buyers this quarter
Top-5 holders · 36.1%
Anson Funds Management LP--
Magnetar Financial LLC--
TENOR CAPITAL MANAGEMENT Co., L.P.--
J. Goldman & Co LP--
Yorkville Advisors Global, LP--
Top Holders Over Time
5-year share-count history (top 10 holders by peak, incl. exited) + price
hover the chart for per-quarter detailprice (right axis)
Anson Funds Management LP2.2MTENOR CAPITAL MANAGEMENT Co., L.P.1.4MVivaldi Asset Management, LLC645KKarpus Management, Inc.—Magnetar Financial LLC1.4MHudson Bay Capital Management LP37KAQR Arbitrage LLC955KJ. Goldman & Co LP1.2MHarraden Circle Investments, LLC985KYorkville Advisors Global, LP1.1M
Corporate
Insider Trading (last 12mo)
Open-market only (Form 4 P-Purchase + S-Sale). Excludes grants, option exercises, tax withholding, gifts.
Major holders (≥10% beneficial owners)
Buys ($, 12mo)
$9.96M
2 txns · 1 insider · 925,000 sh
Sells ($, 12mo)
$0
1 txn · 1 insider · 7,500,000 sh
Recent transactions
| Date | Side | Insider | Title | Shares | Price | Dollars | Owned $ |
|---|---|---|---|---|---|---|---|
| 2026-02-05 | BUY | ANGELO MARK | director, 10 percent owner: | 737,691 | $10.80 | $7.97M | $9.99M |
| 2026-02-04 | BUY | ANGELO MARK | director, 10 percent owner: | 187,309 | $10.63 | $1.99M | $1.99M |
| 2025-09-18 | SELL | TV PARTNERS III, LLC | 10 percent owner | 7,500,000 | $0.00 | $0 | $0 |
Order Flow (FINRA, ~3w lag)
44.2%retail+26.5pp
7.0%dark-5.8pp
week of 2026-04-13
Off-exchange volume from FINRA. Retail = non-ATS (wholesaler PFOF + broker internalization). Dark = ATS (dark-pool crossing networks, institutional). Lit-exchange = remainder.
Filing Risk Analysis
Filing Risk Scores
Texas Ventures Acquisition III Corp: Management Exodus Signals Potential SPAC Rot
Overall Risk
8/10
Fraud
4/10
Dilution
9/10
Insolvency
8/10
Earnings Overstated
3/10
Hidden Liabilities
7/10
Legal
5/10
Audit Warnings
9/10
Hidden Upside
2/10
Contextually Acceptable
3/10