Osprey Acquisition Corp. III Completes $300.15 Million Initial Public Offering

Osprey Acquisition Corp. III (NASDAQ:OSPRU) closed its initial public offering of 30,015,000 units at $10.00 per unit, raising $300.15 million in gross proceeds.

Rhea-AI Summary

Osprey Acquisition Corp. III (NASDAQ:OSPRU) closed its initial public offering of 30,015,000 units at $10.00 per unit, raising $300.15 million in gross proceeds. Units began trading July 1, 2026. Each unit includes one Class A share and one-third of a redeemable warrant exercisable at $11.50 per share.

According to the company, $300.15 million was placed in a trust account for public shareholders. The blank check company aims to pursue a business combination, with a focus on disruptive technologies, next‑generation infrastructure, and energy and AI-driven optimization.

Positive

• IPO raised $300.15 million in gross proceeds
• Underwriters’ over-allotment option for 3,915,000 units exercised in full
• 30,015,000 units sold at $10.00 per unit
• $300.15 million placed in trust account for public shareholders
• Units include warrants exercisable at $11.50 per share
• Nasdaq listing secured under ticker OSPRU

Negative

• Future use of funds depends on completing a business combination
• No specific acquisition target or timeline disclosed in the announcement

Argus Jul 6 session

+0.20% close to close Open Argus

Details

News Market Reaction – OSPRU

On Jul 6, the first trading day after this news, OSPRU closed 0.20% above the previous close.

Data tracked by StockTitan Argus for the Jul 6 session.

Key Figures

Units sold: 30,015,000 units Over-allotment units: 3,915,000 units Offering price: $10.00 per unit +5 more

Units sold

30,015,000 units

Initial public offering size including over-allotment

Over-allotment units

3,915,000 units

Underwriters’ over-allotment option exercised in full

Offering price

$10.00 per unit

Initial public offering pricing

Gross proceeds

$300,150,000

Total gross proceeds from the IPO

Warrant exercise price

$11.50 per share

Exercise price for each whole redeemable warrant

Trust funding

$300,150,000

Placed in trust account for public shareholders

Trust per unit

$10.00 per unit

Amount in trust per IPO unit

Warrant coverage

One-third of one warrant per unit

Unit structure

Key Terms

over-allotment option, redeemable warrant, trust account, blank check company, +1 more

5 terms

over-allotment option financial

"includes 3,915,000 units issued pursuant to the exercise by the underwriters of their over-allotment option in full"

An over-allotment option is a special agreement that allows underwriters to sell more shares than initially planned if demand is high. Think of it like a retailer offering extra units of a popular product to meet additional customer interest. This option helps ensure the full sale is completed and can also give investors extra shares if they want more.

redeemable warrant financial

"one Class A ordinary share of the Company and one-third of one redeemable warrant"

A redeemable warrant is a financial tool that gives its holder the right to buy shares of a company at a fixed price within a certain period. If the holder chooses to do so, the company can buy back or cancel the warrant before it expires, often to encourage investment or manage share issuance. For investors, it provides an option to potentially buy shares at a favorable price while offering some flexibility for the issuing company.

trust account financial

"$300,150,000 (or $10.00 per unit sold in the offering) was placed in the Company’s trust account"

A trust account is a special bank or brokerage account where assets are held and managed by a designated person or firm (the trustee) for the benefit of another person or group (the beneficiary). It matters to investors because it separates assets from personal or corporate funds, can protect assets, control how and when money is used, and may affect tax or legal rights—think of it as a locked drawer opened only under agreed rules.

blank check company financial

"The Company is a blank check company formed for the purpose of effecting a merger"

A blank check company is a publicly listed shell that raises money from investors before naming a specific business to buy or merge with, similar to handing a cashier a signed check and asking them to fill in the payee later. It matters to investors because it offers a faster, often cheaper path for private firms to become public, but carries extra risk since returns depend on the organizers’ ability to find a good deal and on limited information about the future business.

forward-looking statements regulatory

"This press release contains statements that constitute “forward-looking statements,” including with respect to the initial public offering."

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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PHILADELPHIA, PA, July 02, 2026 (GLOBE NEWSWIRE) -- Osprey Acquisition Corp. III (NASDAQ:OSPRU) (the “Company”) today announced the closing of its initial public offering of 30,015,000 units, which includes 3,915,000 units issued pursuant to the exercise by the underwriters of their over-allotment option in full. The offering was priced at $10.00 per unit, resulting in gross proceeds of $300,150,000.

The Company’s units began trading on the Nasdaq Global Market (“Nasdaq”) on July 1, 2026 under the ticker symbol “OSPRU.” Each unit consists of one Class A ordinary share of the Company and one-third of one redeemable warrant, with each whole warrant entitling the holder thereof to purchase one Class A ordinary share of the Company at an exercise price of $11.50 per share. Once the securities constituting the units 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 (including the exercise of the over-allotment option) and a simultaneous private placement of units, $300,150,000 (or $10.00 per unit sold in the offering) was placed in the Company’s trust account for the benefit of the Company’s public shareholders.

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. acted as 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 (the “SEC”) on June 30, 2026. The offering has been 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. Copies of the registration statement can be accessed through the SEC's website at www.sec.gov. 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.

This press release contains statements that constitute “forward-looking statements,” including with respect to the initial public offering. 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 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

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Osprey Acquisition Corp. III (NASDAQ:OSPRU) announce on July 2, 2026?

Osprey Acquisition Corp. III announced it closed its initial public offering, raising $300.15 million in gross proceeds. According to Osprey Acquisition Corp. III, the offering comprised 30,015,000 units at $10.00 per unit, including full exercise of the underwriters’ over-allotment option.

How large was the Osprey Acquisition Corp. III (OSPRU) SPAC IPO?

The Osprey Acquisition Corp. III IPO totaled $300.15 million in gross proceeds. According to Osprey Acquisition Corp. III, this came from selling 30,015,000 units at $10.00 per unit, including 3,915,000 units issued under the fully exercised over-allotment option.

What do Osprey Acquisition Corp. III (OSPRU) units and warrants include?

Each Osprey Acquisition Corp. III unit includes one Class A share and one-third of a redeemable warrant. According to Osprey Acquisition Corp. III, each whole warrant allows the purchase of one Class A share at an exercise price of $11.50 per share.

When did Osprey Acquisition Corp. III (NASDAQ:OSPRU) start trading on Nasdaq?

Osprey Acquisition Corp. III units began trading on the Nasdaq Global Market on July 1, 2026. According to Osprey Acquisition Corp. III, the units trade under the ticker OSPRU, with shares and warrants expected to list separately as OSPR and OSPRW.

How much IPO capital did Osprey Acquisition Corp. III place in its trust account?

Osprey Acquisition Corp. III placed $300.15 million into a trust account for public shareholders. According to Osprey Acquisition Corp. III, this equals $10.00 per unit sold in the offering, combining IPO proceeds and simultaneous private placement funds.

What type of acquisition targets will Osprey Acquisition Corp. III (OSPRU) pursue?

Osprey Acquisition Corp. III is a blank check company that may target any industry or stage. According to Osprey Acquisition Corp. III, its primary focus is companies using disruptive technologies and next-generation infrastructure for energy modernization, AI-driven optimization, and resilient global connectivity.

Who manages Osprey Acquisition Corp. III (NASDAQ:OSPRU) after its IPO?

Osprey Acquisition Corp. III is led by CEO David Heikkinen with a broader leadership team. According to Osprey Acquisition Corp. III, Daniel C. Herz and Jonathan Z. Cohen serve as Co-Executive Chairmen, with Edward E. Cohen, Thomas C. Elliott, and Jeffrey F. Brotman in key board and officer roles.