Summary not available.
Summary not available.
Summary not available.
Supernova Partners Acquisition Company III (NYSE: STRE) announced that it received a non-compliance notice from the NYSE for failing to timely file its Form 10-Q for the quarter ended March 31, 2021. This notice, dated May 25, 2021, does not affect the trading of its securities on the NYSE. The delay stems from the company's reevaluation of their accounting treatment for warrants following an SEC statement issued on April 12, 2021. The company is working with its accounting firm to file the Form 10-Q as quickly as possible while remaining compliant with other NYSE listing requirements.
Supernova Partners Acquisition Company III, Ltd. has priced its initial public offering (IPO) of 25,000,000 units at $10.00 each, aiming to raise $250 million. The IPO will trade on the NYSE under the symbol STRE.U starting March 23, 2021. Each unit consists of one Class A ordinary share and one-fifth of a redeemable warrant with an exercise price of $11.50. The underwriters have a 45-day option for an additional 3,750,000 units to cover over-allotments. Supernova III focuses on merging with technology companies in internet and media sectors.