Fifth Lane Capital LP Acquires New Position in Texas Ventures Acquisition III Corp $TVA

Fifth Lane Capital LP acquired a new stake in Texas Ventures Acquisition III Corp (NASDAQ:TVA) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 89,427 shares of the company’s stock, valued at approximately $952,000. Texas Ventures Acquisition III accounts for 0.7% of Fifth Lane Capital LP’s portfolio, making the stock its 26th largest holding. Fifth Lane Capital LP owned 0.34% of Texas Ventures Acquisition III as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Quarry LP bought a new stake in Texas Ventures Acquisition III in the 4th quarter valued at about $129,000. Marex Group plc bought a new stake in Texas Ventures Acquisition III in the 4th quarter valued at about $133,000. DLD Asset Management LP raised its stake in Texas Ventures Acquisition III by 42.9% in the 4th quarter. DLD Asset Management LP now owns 95,267 shares of the company’s stock valued at $1,015,000 after acquiring an additional 28,600 shares during the period. Mercuria Capital Strategies LLC bought a new stake in Texas Ventures Acquisition III in the 4th quarter valued at about $5,325,000. Finally, Harraden Circle Investments LLC raised its stake in Texas Ventures Acquisition III by 172.3% in the 4th quarter. Harraden Circle Investments LLC now owns 1,066,667 shares of the company’s stock valued at $11,360,000 after acquiring an additional 675,000 shares during the period.

Texas Ventures Acquisition III Price Performance

Shares of NASDAQ TVA opened at $10.44 on Friday. Texas Ventures Acquisition III Corp has a 12 month low of $10.06 and a 12 month high of $12.27. The business has a 50-day moving average of $10.47 and a 200-day moving average of $10.54.

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

Analysts Set New Price Targets

A number of brokerages recently issued reports on TVA. Weiss Ratings upgraded Texas Ventures Acquisition III from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday, June 1st. Wall Street Zen cut Texas Ventures Acquisition III from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

About Texas Ventures Acquisition III

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.