Texas Ventures Acquisition III Corp 8-K

What Happened

• On April 22, 2026, Texas Ventures Acquisition III Corp (the Company) announced that Kevin McGurn resigned as Chief Executive Officer, effective immediately. The Company stated the resignation was not due to any dispute or disagreement with the Company.
• On the same date the board appointed Troy Rillo, currently the Company’s Chief Financial Officer, as Chief Executive Officer effective immediately. Mr. Rillo will continue to serve as the Company’s Chief Financial Officer while holding the CEO role.

Key Details

• Resignation and appointment effective date: April 22, 2026.
• Troy Rillo has served as the Company’s CFO since September 2025 and will hold both CEO and CFO roles.
• Mr. Rillo (age 57) is a partner at Yorkville Advisors (since 2004), Co-CEO of Yorkville Securities LLC, and holds CFO roles at other blank-check companies (Yorkville Acquisition Corp. since Aug 2025 and Blue Water Acquisition Corp. III since Nov 2025).
• The filing states there are no family relationships, no arrangements or understandings relating to his selection, and no material contracts, grants or amendments were made in connection with his appointment. Because Mr. Rillo is a partner of an affiliate of the Company’s sponsor, he may be deemed to have an indirect interest in sponsor-related arrangements previously disclosed.

Why It Matters

• Leadership change is material for investors because the CEO sets strategic direction and oversees execution; this filing confirms an immediate transition in top management.
• The appointment preserves continuity: Rillo already serves as CFO and has significant corporate finance and securities experience, which may reduce operational disruption.
• Investors should note the disclosed potential indirect interest due to Mr. Rillo’s affiliation with the Sponsor and watch future filings for any related-party transactions or compensation arrangements tied to his dual role.