Osprey Acquisition Corp. III, a special purpose acquisition company headquartered in Philadelphia, has priced an initial public offering of 26,100,000 units at $10.00 per unit, generating gross proceeds of $261,000,000.
The units are scheduled to commence trading on the Nasdaq Global Market under the ticker symbol "OSPRU" on July 1, 2026. The offering is expected to reach closing on or about July 2, 2026, according to the filing that accompanied the pricing.
Each unit comprises one Class A ordinary share and one-third of one redeemable warrant. When aggregated into whole warrants, each warrant will entitle its holder to purchase one Class A ordinary share at an exercise price of $11.50 per share. After the units are separated, the underlying Class A ordinary shares and warrants are anticipated to trade independently under the symbols "OSPR" and "OSPRW," respectively.
The company was established to seek a business combination - including a merger, share exchange, asset acquisition or similar transaction. Leadership has articulated a primary investment focus on companies operating in energy systems, AI-driven optimization and global connectivity infrastructure, indicating the thematic areas that will guide prospective deal sourcing.
Osprey Acquisition Corp. III's executive team named in the offering materials includes David Heikkinen as Chief Executive Officer; Daniel C. Herz and Jonathan Z. Cohen as Co-Executive Chairmen; Edward E. Cohen as Vice-Chairman; Thomas C. Elliott as Chief Financial Officer; and Jeffrey F. Brotman as Chief Operating Officer and Chief Legal Officer.
Cantor Fitzgerald & Co. is serving as the sole book-running manager on the transaction. The underwriter has been granted a 45-day option to purchase up to an additional 3,915,000 units at the IPO price for the purpose of covering over-allotments.
The Securities and Exchange Commission declared the registration statement effective on June 30, 2026.
Notice: The original offering materials included promotional content referencing third-party investment services. That promotional content is not restated here.