Texas Ventures Acquisition III (TVA), a blank-check company, said late Tuesday it priced a $200 million initial public offering.
The IPO comprises 20 million units, with each unit consisting of one class A share and one-half of a redeemable warrant. Each warrant is exercisable at $11.50 per share.
Underwriters have a 45-day overallotment option to acquire up to 3 million additional units.
The company expects its units to start trading on the Nasdaq Stock Market under the ticker symbol TVACU Wednesday, while its class A shares and warrants are expected to trade under the symbols TVA and TVACW, respectively.
Texas Ventures expects the IPO to close Thursday.
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