Mercuria Capital Strategies LLC Invests $5.33 Million in Texas Ventures Acquisition III Corp $TVA

Mercuria Capital Strategies LLC bought a new position in shares of Texas Ventures Acquisition III Corp (NASDAQ:TVA) in the fourth quarter, Holdings Channel reports. The fund bought 500,000 shares of the company’s stock, valued at approximately $5,325,000. Texas Ventures Acquisition III makes up approximately 4.4% of Mercuria Capital Strategies LLC’s portfolio, making the stock its 10th largest holding.

Texas Ventures Acquisition III Trading Up 0.1%

Shares of NASDAQ TVA opened at $10.52 on Friday. Texas Ventures Acquisition III Corp has a 52 week low of $10.03 and a 52 week high of $12.27. The stock has a fifty day moving average of $10.46.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Weiss Ratings raised Texas Ventures Acquisition III from a “sell (d-)” rating to a “sell (d)” rating in a report on Monday, June 1st. Wall Street Zen downgraded Texas Ventures Acquisition III from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Texas Ventures Acquisition III 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.