A SPAC III Acquisition Corp. Announces Pricing of $55 Million Initial Public Offering
A SPAC III Acquisition Corp has announced the pricing of its $55 million initial public offering, consisting of 5,500,000 units at $10.00 per unit. Each unit includes one Class A ordinary share and one right, with each right convertible to one-tenth of a Class A ordinary share upon business combination completion. The units will trade on Nasdaq under ASPCU. The company granted underwriters a 45-day option to purchase up to 825,000 additional units. The offering is expected to close on November 12, 2024, with Maxim Group serving as the sole book-running manager.
A SPAC III Acquisition Corp ha annunciato il prezzo della sua offerta pubblica iniziale di 55 milioni di dollari, consistenti in 5.500.000 unità a 10,00 dollari per unità. Ogni unità include una azione ordinaria Classe A e un diritto, con ogni diritto convertibile in un decimo di una azione ordinaria Classe A al completamento della combinazione aziendale. Le unità saranno quotate su Nasdaq con il simbolo ASPCU. L'azienda ha concesso ai sottoscrittori un'opzione di acquisto di ulteriori 825.000 unità per un periodo di 45 giorni. Si prevede che l'offerta si chiuda il 12 novembre 2024, con Maxim Group che funge da unico gestore dell'emissione.
A SPAC III Acquisition Corp ha anunciado el precio de su oferta pública inicial de 55 millones de dólares, consistente en 5,500,000 unidades a 10,00 dólares por unidad. Cada unidad incluye una acción ordinaria de Clase A y un derecho, con cada derecho convertible en una décima de una acción ordinaria de Clase A al completar la combinación empresarial. Las unidades cotizarán en Nasdaq bajo ASPCU. La compañía otorgó a los suscriptores una opción de compra de hasta 825,000 unidades adicionales durante un período de 45 días. Se espera que la oferta cierre el 12 de noviembre de 2024, con Maxim Group actuando como el único gerente de libro.
A SPAC III Acquisition Corp는 5천5백만 달러의 초기 공모가를 가격을 발표했습니다. 1단위당 10.00달러에서 5,500,000단위로 구성되어 있습니다. 각 단위는 1개의 클래스 A 보통주와 1개의 권리를 포함하며, 각 권리는 사업 결합 완료 시 클래스 A 보통주 1/10으로 전환될 수 있습니다. 이 단위는 ASPCU라는 이름으로 나스닥에 상장될 것입니다. 이 회사는 인수인에게 825,000개의 추가 단위를 구매할 수 있는 45일 옵션을 부여했습니다. 이번 공모는 2024년 11월 12일에 마감될 것으로 예상되며, Maxim Group이 단독 주관 회사로서 역할을 수행합니다.
A SPAC III Acquisition Corp a annoncé le prix de son offre publique initiale de 55 millions de dollars, composée de 5 500 000 unités à 10,00 dollars par unité. Chaque unité comprend une action ordinaire de classe A et un droit, chaque droit étant convertible en un dixième d'une action ordinaire de classe A lors de la finalisation de la combinaison d'entreprise. Les unités seront négociées sur le Nasdaq sous ASPCU. L'entreprise a accordé aux souscripteurs une option d'achat de 825 000 unités supplémentaires pendant 45 jours. L'offre devrait se clore le 12 novembre 2024, Maxim Group agissant en tant que gestionnaire principal des livres.
A SPAC III Acquisition Corp hat den Preis ihres 55 Millionen US-Dollar Initial Public Offering bekannt gegeben, das aus 5.500.000 Einheiten zu einem Preis von 10,00 US-Dollar pro Einheit besteht. Jede Einheit umfasst eine Klasse A Stammaktie und ein Recht, wobei jedes Recht in ein Zehntel einer Klasse A Stammaktie bei Abschluss der Unternehmenszusammenführung umgewandelt werden kann. Die Einheiten werden an der Nasdaq unter ASPCU gehandelt. Das Unternehmen hat den Underwritern eine 45-tägige Option eingeräumt, bis zu 825.000 zusätzliche Einheiten zu erwerben. Es wird erwartet, dass das Angebot am 12. November 2024 abgeschlossen wird, wobei Maxim Group als alleiniger Buchführungsmanager fungiert.
- Successfully priced $55 million IPO
- Trading on major exchange (Nasdaq)
- Over-allotment option for additional 825,000 units
- Blank check company with no current business operations
- No guaranteed successful business combination
- Potential dilution from rights conversion
Insights
This SPAC IPO represents a notable development in the Asian blank check company landscape, raising
The listing on Nasdaq provides enhanced visibility and liquidity for investors. With Maxim Group as the sole book-runner, this SPAC joins the market at a time when SPAC activity has been relatively subdued compared to previous years, suggesting careful timing and market positioning. The focus on potential Asian targets could offer investors exposure to high-growth opportunities in the region.
Maxim Group LLC is acting 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. The offering is expected to close on November 12, 2024, subject to customary closing conditions.
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 expected closing of the Company's initial public offering and search for an initial business combination. No assurance can be given that the offering discussed above will be completed on the terms described, or at all. 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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