Business Context and Reporting Period
This Form 8-K is a current report filed by Texas Ventures Acquisition III Corp, a Cayman Islands-based emerging growth company, on April 22, 2026. The filing addresses significant changes in executive leadership under Item 5.02.
Key Financial Metrics
The filing text does not provide specific financial data such as revenue, profit, cash flow, margins, debt, or liquidity metrics. As a Special Purpose Acquisition Company (SPAC) reporting a personnel change, this document focuses on governance rather than operational financial performance.
Material Changes
- Departure of CEO: Mr. Kevin McGurn resigned as Chief Executive Officer effective immediately on April 22, 2026. The resignation was not the result of any dispute with the Company.
- Appointment of New CEO: Mr. Troy Rillo was appointed as Chief Executive Officer effective immediately on April 22, 2026. He will continue to serve as Chief Financial Officer.
Management Commentary and Risks
Management Background: Mr. Rillo, 57, has served as CFO since September 2025. He is a partner at Yorkville Advisors and holds leadership roles at Yorkville Securities LLC and Yorkville America, LLC. He previously served as CFO for Yorkville Acquisition Corp. and Blue Water Acquisition Corp. III. He holds a J.D. and B.S. in Finance from the University of Florida.
Related Party Considerations: Mr. Rillo is a Partner of Yorkville Advisors, an affiliate of the Company's Sponsor. Consequently, he may be deemed to have an indirect interest in arrangements between the Company and the Sponsor. No new material plans, contracts, or compensation awards were entered into in connection with his appointment.
Investor Verification Checklist
- Verify the effective date of the leadership transition (April 22, 2026).
- Confirm Mr. Rillo's dual role as CEO and CFO and his existing relationships with the Sponsor (Yorkville Advisors).
- Review prior filings for details on the Sponsor arrangements in which Mr. Rillo may have an indirect interest.
- Check for any subsequent filings regarding the status of the Company's trust account or search for a target business, as this filing does not address operational progress.