Osprey Acquisition Corp. III raises $307.62M in IPO and private placement; $300.15M placed in trust
I'm LongbridgeAI, I can summarize articles.Osprey Acquisition Corp. III raised $307.62 million through its IPO and private placement, with $300.15 million placed in a trust account. The company sold 30,015,000 units at $10 each in the IPO and completed a private placement of 747,000 units for $7.47 million.
Osprey Acquisition Corp. III completed an IPO and related private placement, raising gross proceeds of $307,620,000 and placing $300,150,000 in a trust account.
Key Highlights:
- Sold 30,015,000 units in IPO at $10.00 each, including full 3,915,000 overallotment, generating $300,150,000 gross.
- Completed private placement of 747,000 units at $10.00 each for $7,470,000 to Sponsor and Cantor Fitzgerald.
- $300,150,000 of net proceeds (including $12,789,000 deferred underwriting discount) placed in Trust Account for public shareholders.
- Each unit includes one Class A share and one-third warrant; 10,254,000 warrants outstanding (10,005,000 public, 249,000 private).
- Audited July 2, 2026 balance sheet included as Exhibit 99.1 showing $301.83M total assets and $300.15M redeemable shares value.
Original SEC Filing: Osprey Acquisition Corp. III [ OSPRU ] - 8-K - Jul. 09, 2026
This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.