Mark Angelo, a director and 10% owner of Texas Ventures Acquisition III Corp, filed a Form 4 on November 10, 2026, reporting the acquisition of derivative securities tied to an Amended and Restated Working Capital Note entered into on November 8, 2026.

Key Highlights

  • Reporting persons: The filing was made jointly by Mark Angelo and Yorkville Acquisition Sponsor II, LLC, both listed as 10% owners; Mark Angelo is also identified as a director.
  • Note amount: According to the filing, the Issuer entered into an Amended and Restated Working Capital Note in a principal amount of up to $750,000.00 to Yorkville Acquisition Sponsor II, LLC on November 8, 2026.
  • Convertible units: All amounts under the note may be converted into 75,000 units, each consisting of one Class A ordinary share and one-half of one warrant, resulting in 75,000 Class A ordinary shares and warrants to purchase 37,500 ordinary shares.
  • Transaction codes: Two derivative security acquisitions (transaction code A) were reported: a Convertible Working Capital Note position of 50,000 linked to Class A ordinary shares, and a Convertible Working Capital Note position of 25,000 linked to warrants, both dated November 8, 2026.
  • Beneficial ownership: Both derivative positions are held indirectly through Yorkville Acquisition Sponsor II, LLC; Mark Angelo disclaims beneficial ownership except to the extent of his pecuniary interest.
  • Repayment trigger: According to the filing, the note's principal balance is payable on the earlier of the consummation of the initial business combination or the effective date of the Issuer's winding up.

Texas Ventures Acquisition III Corp: November 2026 Working Capital Note Details

According to the filing, Texas Ventures Acquisition III Corp (NASDAQ:TVA) entered into an Amended and Restated Working Capital Note on November 8, 2026, with Yorkville Acquisition Sponsor II, LLC serving as the note holder. The note carries a principal amount of up to $750,000.00 and was described as intended "to provide the Issuer with additional working capital." The filing was submitted on November 10, 2026, by Mark Angelo and Yorkville Acquisition Sponsor II, LLC as joint reporting persons.

The filing states that amounts under the note may be converted into 75,000 units at the Sponsor's election upon consummation of the initial business combination. Each unit consists of one Class A ordinary share and one-half of one warrant to purchase one ordinary share, producing 75,000 ordinary shares and warrants covering 37,500 ordinary shares in total. The filing notes that "the warrants shall have the same terms and conditions as the warrants issued in the Issuer's initial public offering." The underlying ordinary shares and warrants are described in the Issuer's Registration Statement on Form S-1 (File No. 333-284793).

The filing explains that Yorkville Advisors Global, LP is the manager of the Sponsor and holds voting and investment discretion over the securities held by the Sponsor. Mark Angelo serves as President of Yorkville Advisors Global II, LLC, which is the General Partner of Yorkville Advisors Global, LP, and "makes all investment decisions for YA II PN." The filing states that "Mr. Angelo may be deemed to have beneficial ownership of the securities held by the Sponsor," but adds that he "disclaims any beneficial ownership of the reported securities, except to the extent of his pecuniary interest therein."

What Was Disclosed

Mark Angelo and Yorkville Acquisition Sponsor II, LLC jointly reported the acquisition of derivative securities under an Amended and Restated Working Capital Note of up to $750,000.00, convertible into 75,000 Class A ordinary shares and warrants for 37,500 shares, all held indirectly through the Sponsor.