JATT III Acquisition Corp closes $69 million IPO of 6.9 million shares at $10.00
JATT III Acquisition Corp, a Cayman Islands blank check company, closed its initial public offering on August 27, 2026, selling 6.9 million ordinary shares at $10.00 each, including the full exercise of the underwriters' over-allotment option. The company also sold 234,000 private placement shares to its sponsor for $2.34 million, and the IPO and private placement proceeds were placed in a U.S.-based trust account, which holds the funds until a business combination, or redemption if none is completed within 24 months.
Key points
- IPO closed August 27, 2026: 6.9 million ordinary shares at $10.00 each, for gross proceeds of $69 million before underwriting discounts and offering expenses
- Private placement of 234,000 shares to sponsor JATT Ventures III L.P. at $10.00 per share, for $2.34 million
- Trust account holds $69 million; funds are released only on a business combination or on redemption if none is completed within 24 months of the IPO closing
- Four independent directors appointed August 25, 2026; Mr. Badial chairs the Audit Committee
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 August 31, 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.