Texas Ventures Acquisition IV raises $172.5M in IPO, places $173.36M in trust

Texas Ventures Acquisition IV consummated an IPO raising $172.5 million and placed $173.36 million in a trust account.

Key Highlights:

• Sold 17,250,000 units at $10.00 each (includes 2,250,000 overallotment units) generating $172,500,000 gross proceeds.
• Completed private placement of 6,100,000 warrants at $1.00 each, raising $6,100,000 added to trust proceeds.
• Total of $173,362,500 (approx. $10.05 per unit) placed in U.S.-based trust invested in U.S. government securities.
• Auditor issued unmodified opinion but notes substantial doubt about the company's ability to continue as a going concern.
• Transaction costs totaled $10,735,483, including $3.45M cash underwriting fee and $6.9M deferred underwriting fee.

Original SEC Filing:

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