Texas Ventures Acquisition IV Corp announced the pricing of its initial public offering on terms that will raise $150,000,000. The company sold 15,000,000 units at $10.00 apiece, according to the company statement.
The units are scheduled to begin trading on the Nasdaq Stock Market under the symbol "TVIVU" on June 18, 2026. Each unit comprises one Class A ordinary share and one-half of one redeemable warrant. When the securities commence separate trading, the Class A ordinary shares are expected to trade under the symbol "TVIV" and the warrants under "TVIVW."
Each whole warrant gives its holder the right to acquire one Class A ordinary share at an exercise price of $11.50 per share, subject to customary adjustments. The offering is expected to settle on June 22, 2026, subject to customary closing conditions.
The company granted the underwriters a 45-day option to buy up to an additional 2,250,000 units to cover any over-allotments. Cohen & Company Capital Markets is serving as the sole book-running manager for the offering.
Texas Ventures Acquisition IV is organized as a blank check company formed to pursue a merger, capital stock exchange, asset acquisition or other similar business combination. The company has identified industrial technology as its primary focus area, listing target sectors that include software, the Internet of Things (IoT), digital and energy transition businesses, logistics, cloud and cyber communications, and 5G services.
The company identified its principal executive officers as E. Scott Crist, who serves as Chief Executive Officer and Chairman, and R. Greg Smith, who serves as Chief Financial Officer.
A registration statement related to the offering was filed with the U.S. Securities and Exchange Commission and became effective on June 17, 2026.
Context and next steps
- Trading of the units as a combined security will begin on June 18, 2026, with the offering expected to close on June 22, 2026, once customary closing conditions are met.
- If exercised, the underwriters' 45-day option would increase the total units sold by up to 2,250,000 units to address over-allotments.
- The company will shift to separate listings for its Class A shares and warrants when those securities begin independent trading under the anticipated Nasdaq symbols.