Osprey Acquisition Corp. III Raises $261M in IPO Units at $10 with Warrants
Osprey Acquisition Corp. III raised $261M by pricing 26.1M units at $10 each, each unit including one Class A share and one-third warrant exercisable at $11.50. Units begin trading July 1 on Nasdaq, with separate Class A shares and warrants to list under new symbols.
1. IPO Pricing and Structure
Osprey Acquisition Corp. III priced its IPO at $10 per unit, selling 26,100,000 units comprising one Class A share and one-third of a warrant each exercisable at $11.50. The company granted the underwriter a 45-day overallotment option for up to 3,915,000 additional units.
2. Trading and Listing Details
Units will begin trading on the Nasdaq Global Market under the symbol OSPRU on July 1. After separation, Class A ordinary shares and warrants are expected to list under symbols OSPR and OSPRW, with only whole warrants trading.
3. SPAC Focus and Management
Formed as a blank check company, Osprey Acquisition aims to combine with businesses in disruptive technologies, next-generation energy systems and AI-driven infrastructure. The board features CEO David Heikkinen and Co-Executive Chairmen Daniel Herz and Jonathan Cohen, among other executives.
4. Underwriting and Closing Conditions
Cantor Fitzgerald & Co. served as sole book-running manager for the offering. The IPO closing is anticipated around July 2, 2026, subject to customary conditions.
