Radcliffe Capital Management L.P. Lowers Holdings in Texas Ventures Acquisition III Corp $TVA

Radcliffe Capital Management L.P. reduced its stake in shares of Texas Ventures Acquisition III Corp (NASDAQ:TVA) by 20.3% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 352,594 shares of the company’s stock after selling 89,597 shares during the period. Radcliffe Capital Management L.P. owned approximately 1.32% of Texas Ventures Acquisition III worth $3,755,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of TVA. Mercuria Capital Strategies LLC purchased a new stake in shares of Texas Ventures Acquisition III in the fourth quarter worth about $5,325,000. Fifth Lane Capital LP purchased a new position in Texas Ventures Acquisition III during the fourth quarter valued at approximately $952,000. Quarry LP acquired a new position in Texas Ventures Acquisition III in the fourth quarter valued at approximately $129,000. Marex Group plc acquired a new position in Texas Ventures Acquisition III in the fourth quarter valued at approximately $133,000. Finally, Harraden Circle Investments LLC boosted its position 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 worth $11,360,000 after purchasing an additional 675,000 shares in the last quarter.

Analysts Set New Price Targets

TVA has been the topic of a number of analyst reports. Wall Street Zen cut shares of Texas Ventures Acquisition III from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. Weiss Ratings raised shares of Texas Ventures Acquisition III from a “sell (d-)” rating to a “sell (d)” rating in a report on Monday, June 1st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

Texas Ventures Acquisition III Stock Down 0.1%

NASDAQ TVA opened at $10.45 on Wednesday. The stock has a 50-day moving average of $10.47 and a 200 day moving average of $10.54. Texas Ventures Acquisition III Corp has a twelve month low of $10.06 and a twelve month high of $12.27.

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.

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.