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

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

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 shares were 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

NASDAQ:TVA opened at $10.71 on Friday. Texas Ventures Acquisition III Corp has a fifty-two week low of $9.98 and a fifty-two week high of $12.27. The firm’s 50-day simple moving average is $10.63.

Wall Street Analyst Weigh In

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

Texas Ventures Acquisition III Company Profile

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.