Mark Angelo Acquires 187,309 Shares of Texas Ventures Acquisition III (NASDAQ:TVA) Stock

Texas Ventures Acquisition III Corp (NASDAQ:TVA) Director Mark Angelo purchased 187,309 shares of the business’s stock in a transaction that occurred on Wednesday, February 4th. The shares were purchased at an average cost of $10.63 per share, with a total value of $1,991,094.67. Following the completion of the acquisition, the director directly owned 187,309 shares in the company, valued at $1,991,094.67. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Mark Angelo also recently made the following trade(s):

• On Thursday, February 5th, Mark Angelo acquired 737,691 shares of Texas Ventures Acquisition III stock. The shares were purchased at an average cost of $10.80 per share, for a total transaction of $7,967,062.80.

Texas Ventures Acquisition III Trading Up 0.8%

Shares of NASDAQ:TVA traded up $0.09 during trading on Friday, reaching $10.71. The stock had a trading volume of 52,392 shares, compared to its average volume of 112,491. Texas Ventures Acquisition III Corp has a 52 week low of $9.98 and a 52 week high of $12.27. The firm has a 50-day simple moving average of $10.63.

Analyst Ratings Changes

Several brokerages have recently commented on TVA. Weiss Ratings restated a “sell (e+)” rating on shares of Texas Ventures Acquisition III in a report on Monday, December 29th. Wall Street Zen downgraded shares of Texas Ventures Acquisition III from a “hold” rating to a “sell” rating in a research report on Wednesday, November 26th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Texas Ventures Acquisition III presently has a consensus 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.