PlusAI agrees to go public via merger with Texas Ventures Acquisition III in deal valuing it at USD 800 million

• PlusAI agreed to combine with Texas Ventures Acquisition III, setting up a public listing under the PlusAI name.
• Deal values PlusAI at USD 800 million pre-money.
• Up to about USD 300 million of capital support includes more than USD 60 million of fully committed financing and a roughly USD 236 million trust.
• PlusAI reported USD 25 million of revenue from HyperFoundry, targeting USD 40-50 million of contracted revenue in 2026.
• Closing is expected in 2026; PlusAI targets a 2027 commercial launch of factory-built autonomous trucks integrated with SuperDrive.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Texas Ventures Acquisition III Corp. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260903685150) on September 03, 2026, and is solely responsible for the information contained therein.