Colombier Acquisition Corp. III closes $299 million IPO of blank check company
Colombier Acquisition Corp. III closed its initial public offering of 29.9 million units on February 5, 2026, raising $299,000,000 in gross proceeds, including the full exercise of the underwriters' over-allotment option. The company is a blank check company formed to pursue a business combination, and the $299,000,000 was placed in a trust account that cannot be released until a business combination is completed, the company redeems public shares after its deadline, or a shareholder vote approves a change to that redemption obligation.
Key points
- IPO of 29,900,000 units at $10.00 per unit, including 3,900,000 units from the over-allotment option, for gross proceeds of $299,000,000
- Private placement of 150,000 units to the sponsor, Colombier Sponsor III LLC, at $10.00 per unit for $1,500,000
- Trust account funded with $299,000,000; the company must complete a business combination within 24 months of closing, or 27 months if it has signed a letter of intent or definitive agreement
- Units began trading on the NYSE on February 4, 2026; board includes Donald J. Trump, Jr., Chris Buskirk, Candice Willoughby, Blake Masters, Chamath Palihapitiya and Laura Ingraham
The filing
Written by AI on Nov 9, 2026, 11:48 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 05, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.