Osprey Acquisition Corp. III prices $261,000,000 IPO
Osprey Acquisition Corp. III priced its initial public offering of 26,100,000 units at $10.00 per unit, raising $261,000,000. The units will list on the Nasdaq Global Market under the symbol OSPRU and begin trading on July 1, 2026. The blank check company focuses on disruptive technologies and next-generation infrastructure.
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Osprey Acquisition Corp. III has priced its initial public offering of 26,100,000 units at $10.00 per unit, raising $261,000,000. The units are set to begin trading on the Nasdaq Global Market under the symbol "OSPRU" on July 1, 2026. The company targets businesses deploying disruptive technologies and next-generation infrastructure to modernize energy systems and enable AI-driven optimization.
Each unit consists of one Class A ordinary share and one-third of one redeemable warrant. Each whole warrant is exercisable for one Class A ordinary share at an exercise price of $11.50 per share. Once the securities begin separate trading, the Class A ordinary shares and warrants are expected to be listed on Nasdaq under the symbols "OSPR" and "OSPRW," respectively. The closing of the offering is anticipated on or about July 2, 2026, subject to customary closing conditions.
Cantor Fitzgerald & Co. is acting as the sole book-running manager for the offering. The company has granted the underwriter a 45-day option to purchase up to an additional 3,915,000 units at the initial public offering price to cover over-allotments.
A registration statement relating to the units and underlying securities was declared effective by the Securities and Exchange Commission on June 30, 2026. The offering is being made only by means of a prospectus.
IPO Details
| Component | Details |
|---|---|
| Total Units | 26,100,000 |
| Price per Unit | $10.00 |
| Total Raise | $261,000,000 |
| Warrant Exercise Price | $11.50 |
| Trading Symbol (Units) | OSPRU |
| Trading Symbol (Shares) | OSPR |
| Trading Symbol (Warrants) | OSPRW |
The management team is led by David Heikkinen as Chief Executive Officer, along with Daniel C. Herz and Jonathan Z. Cohen as Co-Executive Chairmen of the Board of Directors.
What specific criteria will Osprey Acquisition Corp. III use to identify target companies within the disruptive technology and next-generation infrastructure sectors?
How will the current market conditions for SPACs in 2026 impact Osprey's ability to successfully complete a business combination within its typical timeframe?
What is the expected timeline for Osprey to identify and finalize a merger target, and are there any specific geographic regions of focus?
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