Texas Ventures Acquisition IV closes $172.5 million IPO; $173.4 million placed in trust
Texas Ventures Acquisition IV Corp, a blank check company, closed its initial public offering of 17,250,000 units at $10.00 per unit on June 22, 2026, including full exercise of the over-allotment option, for gross proceeds of $172,500,000. Of the proceeds and private placement, $173,362,500 was placed in a trust account, to be released only upon a business combination, certain shareholder votes, or redemption if no combination is completed within 18 months.
Key points
- 17,250,000 units sold at $10.00 each, for gross proceeds of $172,500,000 on June 22, 2026
- $173,362,500, or $10.05 per unit, placed in trust; funds stay there until a business combination or redemption
- Private placement of 6,100,000 warrants at $1.00 each ($6,100,000) to the Sponsor and Cohen & Company Capital Markets
- Company has 18 months from the IPO closing to complete an initial business combination
The filing
Written by AI on Nov 9, 2026, 11:48 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 24, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.