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

Texas Ventures Acquisition III Corp (NASDAQ:TVA) Director Mark Angelo acquired 737,691 shares of the stock in a transaction that occurred on Thursday, February 5th. The stock was purchased at an average cost of $10.80 per share, with a total value of $7,967,062.80. Following the completion of the acquisition, the director owned 925,000 shares of the company’s stock, valued at $9,990,000. The trade was a 393.84% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Mark Angelo also recently made the following trade(s):

• On Wednesday, February 4th, Mark Angelo bought 187,309 shares of Texas Ventures Acquisition III stock. The shares were purchased at an average cost of $10.63 per share, for a total transaction of $1,991,094.67.

Texas Ventures Acquisition III Trading Up 0.8%

Shares of TVA traded up $0.09 during mid-day trading on Friday, hitting $10.71. The stock had a trading volume of 52,392 shares, compared to its average volume of 112,491. Texas Ventures Acquisition III Corp has a fifty-two week low of $9.98 and a fifty-two week high of $12.27. The company’s fifty day moving average price is $10.63.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Wall Street Zen lowered shares of Texas Ventures Acquisition III from a “hold” rating to a “sell” rating in a research note on Wednesday, November 26th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Texas Ventures Acquisition III in a research report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Texas Ventures Acquisition III currently 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.