Texas Ventures Acquisition III Corp: issues $250,000 working capital note

What happened

• The company filed an 8-K on Oct 8, 2026 reporting that on Sep 30, 2026 it issued a convertible unsecured promissory note in the aggregate principal amount of $250,000 to Yorkville Acquisition Sponsor II, LLC (the Sponsor) in order to provide the Company with additional working capital.
• The filing describes the note as convertible at the Sponsor’s election upon the consummation of the Company’s initial business combination.

Key details

• Principal amount: $250,000 issued to Yorkville Acquisition Sponsor II, LLC on Sep 30, 2026.
• Interest: the principal balance shall not accrue interest.
• Payment timing: payable on the earlier of the date the Company consummates its initial business combination or the date that the winding up of the Company is effective.
• Conversion: Sponsor may convert all or part of the principal balance upon consummation of the initial business combination into units at $10.00 per unit, into units identical to the private placement units issued in connection with the Company’s IPO, rounded down to the nearest whole unit.

Why it may matter

• The filing reports Item 1.01 (entry into a material definitive agreement), Item 2.03 (creation of a direct financial obligation) and Item 3.02 (unregistered sales of equity securities); these items cover the working capital note, its status as an obligation and the note’s potential conversion into equity.
  This filing does not show why the insider traded or why the company acted.