Insider Buying: Texas Ventures Acquisition III (NASDAQ:TVA) Director Acquires $1,991,094.67 in Stock

Texas Ventures Acquisition III Corp (NASDAQ:TVA) Director Mark Angelo bought 187,309 shares of the business’s stock in a transaction dated Wednesday, February 4th. The stock was acquired at an average cost of $10.63 per share, for a total transaction of $1,991,094.67. Following the purchase, the director owned 187,309 shares in the company, valued at approximately $1,991,094.67. This trade represents a ∞ increase in their position. The purchase 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 Thursday, February 5th, Mark Angelo purchased 737,691 shares of Texas Ventures Acquisition III stock. The shares were acquired at an average cost of $10.80 per share, with a total value of $7,967,062.80.

Texas Ventures Acquisition III Price Performance

Shares of NASDAQ TVA opened at $10.71 on Monday. The firm has a fifty day moving average of $10.63. Texas Ventures Acquisition III Corp has a 12-month low of $9.98 and a 12-month high of $12.27.

Analyst Upgrades and Downgrades

TVA has been the subject of a number of analyst reports. Weiss Ratings restated a “sell (e+)” rating on shares of Texas Ventures Acquisition III in a report on Monday, December 29th. 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. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently 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.