Osprey Acquisition Corp. III closes $300.15 million IPO, funds placed in trust
Osprey Acquisition Corp. III, a blank check company with no selected business combination target, closed its initial public offering on July 2, 2026, selling 30,015,000 units at $10.00 each for gross proceeds of $300,150,000. The $300,150,000 was placed in a trust account, and shareholders' money stays there until a business combination is completed or the Company redeems the public shares, which must happen within 24 months if no deal closes.
Key points
- 30,015,000 units sold at $10.00 each, including 3,915,000 units from the full exercise of the underwriters' over-allotment option, for gross proceeds of $300,150,000 on July 2, 2026
- Concurrent private placement of 747,000 units for $7,470,000: the sponsor bought 486,000 units and Cantor Fitzgerald & Co. bought 261,000 units
- $300,150,000 placed in a trust account with Continental Stock Transfer & Trust Company as trustee, including $12,789,000 of the underwriters' deferred discount
- The Company has not selected a business combination target and has 24 months from the IPO closing to complete a deal
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 July 09, 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.