Osprey Acquisition Corp. III closes $300.15M IPO
Osprey Acquisition Corp. III closed its initial public offering of 30,015,000 units at $10.00 per unit, raising $300,150,000. The offering included the full exercise of the underwriters' over-allotment option, with proceeds placed in a trust account. The units trade on Nasdaq under the symbol OSPRU.
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Osprey Acquisition Corp. III has closed its initial public offering of 30,015,000 units at $10.00 per unit, generating gross proceeds of $300,150,000. The offering included the full exercise of the underwriters' over-allotment option to purchase an additional 3,915,000 units. The company targets businesses deploying disruptive technologies and next-generation infrastructure to modernize energy systems and enable AI-driven optimization.
The units began trading on the Nasdaq Global Market on July 1, 2026, under the symbol "OSPRU." 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.
Of the proceeds received from the consummation of the initial public offering and a simultaneous private placement of units, $300,150,000 was placed in the company’s trust account for the benefit of its public shareholders. Osprey Acquisition Corp. III is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses.
Cantor Fitzgerald & Co. acted as the sole book-running manager for the offering. A registration statement relating to the securities was declared effective by the U.S. Securities and Exchange Commission on June 30, 2026. The offering was made only by means of a prospectus.
IPO Details
| Component | Details |
|---|---|
| Total Units | 30,015,000 |
| Price per Unit | $10.00 |
| Total Raise | $300,150,000 |
| 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. Additional leadership includes Edward E. Cohen as Vice-Chairman of the Board of Directors, Thomas C. Elliott as Chief Financial Officer, and Jeffrey F. Brotman as Chief Operating Officer and Chief Legal Officer.
What specific criteria will Osprey Acquisition Corp. III use to identify target businesses in the energy modernization and AI optimization sectors?
How will the management team's expertise influence the selection of potential acquisition targets?
What is the expected timeline for completing a business combination, and what are the key milestones to watch?
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