Osprey Acquisition Corp. III completed its initial public offering with the sale of 30,015,000 units at $10.00 apiece, producing $300.15 million in gross proceeds, the company said in a statement. The tally includes 3,915,000 units issued after underwriters fully exercised their over-allotment option.
Trading for the units commenced on the Nasdaq Global Market on July 1, 2026 under the symbol "OSPRU." Each unit comprises one Class A ordinary share and one-third of one redeemable warrant. Each whole warrant carries an exercise price of $11.50 per share. The company expects the component securities to trade separately on Nasdaq under the symbols "OSPR" for the Class A ordinary shares and "OSPRW" for the warrants.
The entire $300.15 million raised from the offering and a simultaneous private placement has been placed in a trust account for the benefit of the company’s public shareholders, the filing indicated.
Osprey Acquisition Corp. III is a blank-check company formed to identify and complete a business combination - including mergers, share exchanges, asset acquisitions or similar transactions. Management said the SPAC will concentrate on targets that deploy technologies tied to energy systems, AI-driven optimization and global connectivity infrastructure.
The company's management roster 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. acted as sole book-running manager for the offering. The registration statement for the IPO was declared effective by the U.S. Securities and Exchange Commission on June 30, 2026.
Context and next steps
With the offering complete and funds secured in trust, Osprey Acquisition Corp. III will move forward in searching for a qualifying target within the stated focus areas. The placement of proceeds into trust is consistent with standard SPAC procedures designed to protect public investors while the sponsor pursues a business combination.
Any subsequent material developments - including a definitive merger agreement, target identification or changes to the company’s capital structure - will be disclosed as required by securities regulations.