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GSR III Acquisition Corp. (GSRT) announced that starting December 19, 2024, holders of its 23,000,000 units (including 3,000,000 from over-allotment) can separately trade Class A Ordinary Shares and Rights on Nasdaq Global Market. Each unit consists of one Class A Ordinary Share and one-seventh of one Right. The separated securities will trade under symbols GSRT and GSRTR, while unseparated units continue as GSRTU.
GSRT is a newly formed blank check company in the Cayman Islands, focusing on mergers, acquisitions, or business combinations. The company targets businesses with strong public-market narratives, growth prospects, and attractive cash flow dynamics. The securities offering is backed by a Form S-1 registration statement effective November 7, 2024.
GSR III Acquisition Corp. (NASDAQ: GSRT) has successfully closed its initial public offering of 23,000,000 units at $10.00 per unit, raising aggregate gross proceeds of $230,000,000. The offering included the full exercise of the underwriter's over-allotment option. Each unit comprises one Class A ordinary share and one-seventh of one right, with whole rights convertible into Class A Ordinary Shares upon business combination completion. The units trade on Nasdaq under GSRTU, with Class A shares and Rights to trade separately under GSRT and GSRTR symbols respectively.
GSR III Acquisition Corp. (NASDAQ: GSRT) has announced the pricing of its initial public offering, offering 20,000,000 units at $10.00 per unit, raising aggregate gross proceeds of $200,000,000. Each unit includes one Class A ordinary share and one-seventh of one right. Trading begins on Nasdaq under symbol GSRTU. The company granted underwriters a 45-day option to purchase up to 3,000,000 additional units. SPAC Advisory Partners , a division of Kingswood Capital Partners and wholly owned by GSRT management, is the sole underwriter, with B. Riley Securities acting as Qualified Independent Underwriter.
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