Osprey Acquisition Corp. III Announces Pricing of $261,000,000 Initial Public Offering
Rhea-AI Summary
Osprey Acquisition Corp. III (NASDAQ:OSPRU) priced its IPO of 26,100,000 units at $10.00 per unit, for expected gross proceeds of $261 million. Units begin trading on July 1, 2026. Each unit includes one Class A share and one-third of a redeemable warrant exercisable at $11.50.
Positive
- IPO of 26.1 million units at $10.00 for $261 million gross proceeds
- NASDAQ Global Market listing of units under symbol OSPRU starting July 1, 2026
- Additional 3.915 million-unit over-allotment option granted to underwriter
- Warrants provide potential extra capital via $11.50 per-share exercise price
Negative
- Completion of IPO remains subject to customary closing conditions
- No specific acquisition target or industry transaction disclosed yet
- Forward-looking statements highlight risk IPO may not complete as planned
AI-generated analysis. How Rhea-AI works. Not financial advice.
PHILADELPHIA, PA, June 30, 2026 (GLOBE NEWSWIRE) -- Osprey Acquisition Corp. III (NASDAQ:OSPRU) (the “Company”) today announced the pricing of its initial public offering of 26,100,000 units at a price of
The Company 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. The Company may pursue an acquisition opportunity in any business or industry or at any stage of its corporate evolution. The Company’s primary focus, however, will be to identify companies that are deploying disruptive technologies and next-generation infrastructure that modernize energy systems, enable AI-driven optimization, and support the resilient, sustainable backbone of global connectivity. 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, 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.
Cantor Fitzgerald & Co. is serving 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, if any.
A registration statement relating to the units and the underlying securities was declared effective by the Securities and Exchange Commission on June 30, 2026. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
The offering is being made only by means of a prospectus, copies of which may be obtained by contacting Cantor Fitzgerald & Co., Attention: Capital Markets, 110 East 59th Street, New York, New York 10022; Email: prospectus@cantor.com, or from the SEC website at www.sec.gov.
This press release contains statements that constitute “forward-looking statements,” including with respect to the initial public offering. No assurance can be given that such offering will be completed on the terms described, or at all. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and preliminary prospectus for the offering filed with the Securities and Exchange Commission. The Company undertakes no obligation to update these statements for revisions or changes after the date of this press release, except as required by law.
Contact Information:
Osprey Acquisition Corp. III
info@whitehawkenergy.com
