Blank check company targeting travel and transportation technology; no operating revenues until a business combination closes. IPO closed May 16, 2025: 20,125,000 units at $10.00 each; $201,250,000 placed in trust; concurrent $3,625,000 private placement (362,500 units). As of Dec 31, 2025: $206,357,012 invested in the trust account; $257,966 cash outside trust; working capital of $281,353. 2025 results: net income of $3,883,792, driven by $5,107,012 interest on trust assets, offset by $1,041,970 G&A and $181,250 share-based compensation. Deferred underwriting fee payable totals $7,568,750; total offering costs were $10,727,318. Completion window is 21 months from IPO close (deadline Feb 16, 2027) to finalize an initial business combination; going concern uncertainty disclosed. Capital structure: 20,125,000 redeemable Class A shares from IPO; 6,708,333 Class B founder shares; 362,500 private placement units; public rights convert into 0.1 Class A share each at closing of a combination. Corporate policies adopted include an Insider Trading Policy and a Dodd-Frank–compliant Incentive Compensation Clawback Policy. Nasdaq tickers: TVAIU (units), TVAI (Class A), TVAIR (rights); units began trading May 15, 2025; Class A and rights separated July 2, 2025. Target focus and sourcing leverage Thayer Ventures' prior SPAC experience (TVAC → Inspirato, NASDAQ: ISPO) and sector network.