TXSE Group Raises $430 Million Following Third Funding Round

One Year After Receiving SEC Approval, Texas Stock Exchange Has Unparalleled Resources to Compete

DALLAS, Sept. 30, 2026 /PRNewswire/ -- TXSE Group, the parent company of the Texas Stock Exchange, today announced the successful completion of its third-round financing, expanding its capital position to $430 million. The milestone falls on the one-year anniversary of the U.S. Securities and Exchange Commission's approval of TXSE's Form 1 application to operate as a national securities exchange. TXSE is the first national securities exchange established in Texas, and the only exchange in the state with operations, infrastructure and active primary listings.

"Real competition for primary listings is here, and it is here to stay," said TXSE Group Chairman and CEO James H Lee. "Our historic capital position is an institutional validation of the demand for a legitimate third listing alternative, and that is exactly what we have deployed. While the legacy equities exchanges prioritize fintech, prediction and energy markets, mortgages, data businesses and other pursuits, TXSE is solely focused on being the best exchange operator in the world. Our fortress-like capital position gives us the resources to deliver on our mission to improve conditions in the public equity markets by aligning with and advocating for issuers."

The financing round leaves TXSE Group with a record cash surplus and the most capital ever raised by a new exchange. TXSE Group's existing owners accounted for more than 75 percent of the third-round raise, reflecting deep and unwavering conviction from the largest financial institutions on earth. Major equity holders include BlackRock, the world's largest institutional manager; Charles Schwab, the world's largest retail organization; Citadel Securities, the world's largest global liquidity provider; as well as J.P. Morgan, Goldman Sachs, and Bank of America, three of the largest global investment banks, among the other leading institutions that include:

• Individuals or entities that direct or control public companies across multiple industries of various sizes, with a combined market capitalization in excess of $4 trillion;
• Nine of the 10 largest liquidity providers, representing more than 85% of total U.S. equity order flow; and
• Many of the world's largest sponsors, representing more than 1,000 ETFs with a combined AUM of $11 trillion, or two-thirds of the more than $16 trillion of total capitalization of ETF assets in the U.S.

"Our record cash surplus further positions TXSE to substantially increase its capital reserves while providing the flexibility for strategic initiatives," added TXSE Group Chief Financial Officer Jaime Gow. "We look forward to leveraging our capital position to accelerate our scaling of primary listings and continuous trading."

Completion of the funding round follows a surge in announcements of corporate and ETF primary listings from across the United States. In the last 20 days alone, established public companies representing a combined $115 billion of market value have announced moves to the Texas Stock Exchange off the New York Stock Exchange and the Nasdaq Stock Market.

About the Texas Stock Exchange

Texas Stock Exchange LLC, a wholly owned subsidiary of TXSE Group, is a fully integrated, electronic, national securities exchange headquartered and incorporated in Texas. Backed by many of the largest financial institutions and liquidity providers in the world, TXSE is purpose-built to bring real competition to corporate listings and expand access to America's public markets. With issuer alignment and transparency at its core, TXSE serves as a global listing and trading venue for both public companies and the growing universe of exchange-traded products. For more information, visit us at www.txse.com, on LinkedIn, or on X.

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SOURCE TXSE Group Inc.