Revenue: As of FY2025, the actual value is USD 0.

EPS: As of FY2025, the actual value is USD 0.26.

EBIT: As of FY2025, the actual value is USD -7.079 M.

Texas Ventures Acquisition III Corp operates as a single reportable segment and has no operational revenues to date .

Net Income/Loss

• For the year ended December 31, 2025, the company reported a net income of $5,926,421 .
• For the period from July 26, 2024 (inception) through December 31, 2024, the company recorded a net loss of - $44,737 .

Non-Operating Income (Year Ended December 31, 2025)

• Interest earned on investments in the Trust Account: $6,335,533 .
• Interest on cash in operating accounts: $24,082 .
• Forgiveness of debt: $28,614 .
• Realized gain on NMSI warrants: $257,126 .

Operating Costs

• General and administrative expenses were $718,934 for the year ended December 31, 2025 .
• General and administrative expenses were $44,737 for the period from July 26, 2024 (inception) through December 31, 2024 .

Cash Flow from Operating Activities

• Net cash used in operating activities was - $437,989 for the year ended December 31, 2025 .
• Net cash used in operating activities was - $174,968 for the period from July 26, 2024 (inception) through December 31, 2024 .

Cash and Investments

• As of December 31, 2025, cash was $856,131, and investments held in the Trust Account totaled $232,460,533 .
• As of December 31, 2024, cash was $2,232 .

Capitalization Events

• On April 24, 2025, the company completed its IPO, generating gross proceeds of $225,000,000 from 22,500,000 units at $10.00 per unit .
• A concurrent private sale of 7,568,750 Private Placement Warrants at $1.00 each yielded $7,568,750 in gross proceeds .
• A total of $226,125,000 was placed in the Trust Account following these transactions .
• IPO transaction costs amounted to $14,006,902, including $4,500,000 in cash underwriting fees and $9,000,000 in deferred underwriting fees .
• On September 18, 2025, the New Sponsor acquired 7,500,000 Class B Ordinary Shares and 4,700,000 Private Placement Warrants from the Prior Sponsor for an aggregate purchase price of $7,400,000 .

Outlook

On February 27, 2026, Texas Ventures Acquisition III Corp announced ongoing discussions regarding a potential Business Combination with SpinCo, an entity to be formed from a spin-off of certain Trump Media & Technology Group Corp. (TMTG) businesses, including Truth Social . No definitive agreement has been reached, and there is no assurance regarding the outcome, terms, or timing of any such transaction .