Texas Ventures Acquisition IV closes $172.5 million IPO, places $173.4 million in trust
Texas Ventures Acquisition IV Corp, a blank check company, completed its initial public offering of 17,250,000 units on June 22, 2026, generating gross proceeds of $172,500,000, including the full exercise of the underwriters' over-allotment option. Proceeds and private placement funds of $173,362,500 were placed in a U.S.-based trust account, and the audited balance sheet as of June 22, 2026 was filed as Exhibit 99.1. The auditor included a going concern paragraph, and the company has not yet identified a business combination target.
Key points
- IPO of 17,250,000 units at $10.00 per unit on June 22, 2026, for gross proceeds of $172,500,000
- Private placement of 6,100,000 warrants at $1.00 each for $6,100,000 gross proceeds, with 3,775,000 sold to the sponsor TXV Partners IV, LLC
- $173,362,500, or $10.05 per unit, placed in trust account maintained by Continental Stock Transfer & Trust Company
- Auditor Fruci & Associates II, PLLC raised substantial doubt about the company's ability to continue as a going concern; cash on hand was $1,548,159 as of June 22, 2026
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 26, 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.