Periscope Capital Inc. Trims Stake in Texas Ventures Acquisition III Corp $TVA

Periscope Capital Inc. reduced its position in shares of Texas Ventures Acquisition III Corp (NASDAQ:TVA) by 30.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 279,505 shares of the company’s stock after selling 120,495 shares during the quarter. Periscope Capital Inc.’s holdings in Texas Ventures Acquisition III were worth $2,977,000 as of its most recent filing with the Securities & Exchange Commission.

Analyst Ratings Changes

Several research analysts have commented on TVA shares. Wall Street Zen downgraded Texas Ventures Acquisition III from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. Weiss Ratings restated a “sell (d-)” rating on shares of Texas Ventures Acquisition III in a report on Friday, May 1st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Texas Ventures Acquisition III Stock Performance

Shares of NASDAQ TVA opened at $10.50 on Friday. The firm’s fifty day moving average is $10.44. Texas Ventures Acquisition III Corp has a 12-month low of $9.98 and a 12-month high of $12.27.

Texas Ventures Acquisition III (NASDAQ:TVA) last announced its earnings results on Wednesday, April 15th. The company reported $0.17 earnings per share (EPS) for the quarter.

Texas Ventures Acquisition III 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.