Mark Angelo Acquires 737,691 Shares of Texas Ventures Acquisition III (NASDAQ:TVA) Stock

Texas Ventures Acquisition III Corp (NASDAQ:TVA) Director Mark Angelo acquired 737,691 shares of the firm’s stock in a transaction that occurred on Thursday, February 5th. The shares were purchased at an average cost of $10.80 per share, for a total transaction of $7,967,062.80. Following the completion of the acquisition, the director owned 925,000 shares in the company, valued at $9,990,000. This represents a 393.84% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Wednesday, February 4th, Mark Angelo acquired 187,309 shares of Texas Ventures Acquisition III stock. The stock was acquired at an average price of $10.63 per share, with a total value of $1,991,094.67.

Texas Ventures Acquisition III Stock Performance

Shares of NASDAQ:TVA opened at $10.71 on Friday. The stock has a fifty day simple moving average of $10.63. Texas Ventures Acquisition III Corp has a 52 week low of $9.98 and a 52 week high of $12.27.

Analyst Ratings Changes

A number of brokerages have issued reports on TVA. Wall Street Zen lowered shares of Texas Ventures Acquisition III from a “hold” rating to a “sell” rating in a report on Wednesday, November 26th. Weiss Ratings reissued a “sell (e+)” rating on shares of Texas Ventures Acquisition III in a research report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, 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.