A SPAC III Acquisition Corp. Announces Closing of $55 Million Initial Public Offering
A SPAC III Acquisition Corp. has completed its $55 million initial public offering, selling 5,500,000 units at $10.00 per unit. Each unit includes one Class A ordinary share and one right, with the right convertible to one-tenth of a Class A ordinary share upon business combination completion. The units trade on Nasdaq under ASPCU. The Class A shares and rights will separately trade as ASPC and ASPCR. Maxim Group served as sole book-runner, receiving a 45-day option to purchase up to 825,000 additional units to cover over-allotments.
A SPAC III Acquisition Corp. ha completato la sua offerta pubblica iniziale di 55 milioni di dollari, vendendo 5.500.000 unità a 10,00 dollari per unità. Ogni unità comprende una azione ordinaria di Classe A e un diritto, con il diritto che può essere convertito in un decimo di azione ordinaria di Classe A al completamento della combinazione aziendale. Le unità sono quotate su Nasdaq con il simbolo ASPCU. Le azioni di Classe A e i diritti saranno scambiati separatamente come ASPC e ASPCR. Maxim Group ha servito come book-runner unico, ricevendo un'opzione di 45 giorni per acquistare fino a 825.000 unità aggiuntive per coprire sovra-allocazioni.
A SPAC III Acquisition Corp. ha completado su oferta pública inicial de 55 millones de dólares, vendiendo 5,500,000 unidades a 10.00 dólares por unidad. Cada unidad incluye una acción ordinaria de Clase A y un derecho, con el derecho convertible en una décima parte de una acción ordinaria de Clase A al finalizar la combinación empresarial. Las unidades se negocian en Nasdaq bajo el símbolo ASPCU. Las acciones de Clase A y los derechos se negociarán por separado como ASPC y ASPCR. Maxim Group actuó como el único book-runner, recibiendo una opción de 45 días para comprar hasta 825,000 unidades adicionales para cubrir sobreasignaciones.
A SPAC III Acquisition Corp.가 5천5백만 달러 규모의 초기 공모를 완료하며, 단위당 10.00달러에 5,500,000 개의 유닛을 판매했습니다. 각 유닛은 Class A 보통주 1주와 권리가 포함되어 있으며, 권리는 사업 결합 완료 시 Class A 보통주 1/10으로 전환 가능합니다. 유닛은 ASPCU 기호로 나스닥에서 거래됩니다. Class A 주식과 권리는 별도로 ASPC와 ASPCR로 거래됩니다. Maxim Group은 단독 북 러너로서, 45일 동안 825,000개의 추가 유닛을 구매할 수 있는 옵션을 받았습니다.
A SPAC III Acquisition Corp. a complété son offre publique initiale de 55 millions de dollars, en vendant 5 500 000 unités à 10,00 dollars par unité. Chaque unité comprend une action ordinaire de Classe A et un droit, le droit étant convertible en un dixième d'une action ordinaire de Classe A lors de la finalisation de la combinaison d'entreprises. Les unités sont cotées sur le Nasdaq sous le symbole ASPCU. Les actions de Classe A et les droits seront négociés séparément sous les symboles ASPC et ASPCR. Maxim Group a agi en tant que book-runner unique, recevant une option de 45 jours pour acheter jusqu'à 825 000 unités supplémentaires pour couvrir les surallocations.
A SPAC III Acquisition Corp. hat ihr 55 Millionen Dollar umfassendes Initial Public Offering abgeschlossen und 5.500.000 Einheiten zum Preis von 10,00 Dollar pro Einheit verkauft. Jede Einheit umfasst eine Class A Stammaktie und ein Recht, wobei das Recht in ein Zehntel einer Class A Stammaktie bei Abschluss der Unternehmenszusammenlegung umgewandelt werden kann. Die Einheiten werden an der Nasdaq unter ASPCU gehandelt. Die Class A Aktien und Rechte werden separat als ASPC und ASPCR gehandelt. Maxim Group fungierte als alleiniger Book-Runner und erhielt eine 45-tägige Option zum Kauf von bis zu 825.000 zusätzlichen Einheiten zur Deckung von Überzuweisungen.
- Successfully raised $55 million through IPO
- Listed on Nasdaq Capital Market
- Potential additional capital of $8.25 million through over-allotment option
- No specific business target identified yet
- Blank check company structure carries inherent investment risks
- Shareholder dilution potential through rights conversion
Insights
The successful completion of this
The involvement of Maxim Group as sole book-runner and the 45-day over-allotment option for an additional
Maxim Group LLC acted as the sole book-running manager for the offering.
The Company has granted the underwriter a 45-day option to purchase up to 825,000 additional units at the initial public offering price less the underwriting discount to cover over-allotments, if any.
A registration statement on Form S-1 (File No. 333-282428) (the "Registration Statement") relating to the securities to be sold in the initial public offering, as amended, was declared effective by the
This press release shall not constitute an offer to sell or a 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.
About A SPAC III Acquisition Corp.
A SPAC III Acquisition Corp. is a blank check company, also commonly referred to as a special purpose acquisition company, or SPAC, formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. A SPAC III Acquisition Corp. intends to focus on businesses in the Environmental, Sustainability and Governance (ESG) and material technology sectors.
Forward-Looking Statements
This press release contains statements that constitute "forward-looking statements," including with respect to the anticipated use of the net proceeds and search for an initial business combination. No assurance can be given that the net proceeds of the offering will be used as indicated. 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 Registration Statement and related preliminary prospectus filed in connection with the initial public offering with the SEC. Copies are available on the SEC's website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
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SOURCE A SPAC III Acquisition Corp
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