GSR III Acquisition Corp. Announces the Separate Trading of its Shares of Class A Ordinary Shares and Commencing December 19, 2024
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. (GSRT) ha annunciato che a partire dal 19 dicembre 2024, i detentori delle sue 23.000.000 unità (incluse 3.000.000 da over-allotment) potranno scambiare separatamente le Azioni Ordinarie di Classe A e i Diritti sul Nasdaq Global Market. Ogni unità è composta da una Azione Ordinaria di Classe A e un settimo di un Diritto. I titoli separati saranno scambiati sotto i simboli GSRT e GSRTR, mentre le unità non separate continueranno come GSRTU.
GSRT è una società di acquisizione formata di recente nelle Isole Cayman, focalizzata su fusioni, acquisizioni o combinazioni aziendali. La società si propone di targetizzare aziende con forti narrazioni nel mercato pubblico, prospettive di crescita e dinamiche di flusso di cassa attraenti. L'offerta di titoli è supportata da una dichiarazione di registrazione del Modulo S-1 efficace dal 7 novembre 2024.
GSR III Acquisition Corp. (GSRT) anunció que a partir del 19 de diciembre de 2024, los tenedores de sus 23,000,000 de unidades (incluyendo 3,000,000 de sobreasignación) podrán comerciar por separado las Acciones Ordinaras Clase A y los Derechos en el Nasdaq Global Market. Cada unidad consiste en una Acción Ordinaria Clase A y un séptimo de un Derecho. Los valores separados se comerciarán bajo los símbolos GSRT y GSRTR, mientras que las unidades no separadas continuarán como GSRTU.
GSRT es una compañía de cheques en blanco recién formada en las Islas Caimán, enfocándose en fusiones, adquisiciones o combinaciones comerciales. La compañía tiene como objetivo empresas con narrativas sólidas en el mercado público, perspectivas de crecimiento y dinámicas de flujo de efectivo atractivas. La oferta de valores está respaldada por una declaración de registro del Formulario S-1 que es efectiva a partir del 7 de noviembre de 2024.
GSR III Acquisition Corp. (GSRT)는 2024년 12월 19일부터 23,000,000개의 단위(과다배정으로 인한 3,000,000개 포함)의 소유자들이 나스닥 글로벌 마켓에서 A클래스 보통주 및 권리를 별도로 거래할 수 있음을 발표했습니다. 각 단위는 A클래스 보통주 1주와 1/7의 권리로 구성됩니다. 분리된 증권은 GSRT와 GSRTR 기호로 거래되며, 분리되지 않은 단위는 GSRTU로 계속 거래됩니다.
GSRT는 최근 케이맨 제도에 설립된 공백 회사로, 합병, 인수 또는 사업 조합에 집중하고 있습니다. 이 회사는 강력한 공매도 시장 내러티브, 성장 전망 및 매력적인 현금 흐름 역학을 가진 기업을 목표로 하고 있습니다. 증권 공모는 2024년 11월 7일 발효된 S-1 등록 서류에 의해 지원됩니다.
GSR III Acquisition Corp. (GSRT) a annoncé qu'à partir du 19 décembre 2024, les détenteurs de ses 23 000 000 d'unités (dont 3 000 000 provenant d'une surallocation) pourront négocier séparément des Actions Ordinaires de Classe A et des Droits sur le Nasdaq Global Market. Chaque unité se compose d'une Action Ordinaire de Classe A et d'un septième d'un Droit. Les titres séparés seront négociés sous les symboles GSRT et GSRTR, tandis que les unités non séparées continueront à être négociées sous le symbole GSRTU.
GSRT est une société d'acquisition nouvellement formée dans les îles Caïmans, axée sur les fusions, acquisitions ou combinaisons d'entreprises. La société cible des entreprises ayant de solides récits sur le marché public, des perspectives de croissance et des dynamiques de flux de trésorerie attractives. L'offre de titres est soutenue par une déclaration d'enregistrement Formulaire S-1 effective depuis le 7 novembre 2024.
GSR III Acquisition Corp. (GSRT) gab bekannt, dass ab dem 19. Dezember 2024 die Inhaber ihrer 23.000.000 Einheiten (einschließlich 3.000.000 aus Überallokation) die A-Klasse Stammaktien und Rechte am Nasdaq Global Market separat handeln können. Jede Einheit besteht aus einer A-Klasse Stammaktie und einem Siebtel eines Rechts. Die getrennten Wertpapiere werden unter den Symbolen GSRT und GSRTR gehandelt, während die nicht getrennten Einheiten weiterhin als GSRTU gehandelt werden.
GSRT ist ein neu gegründetes Blankoscheckunternehmen auf den Kaimaninseln, das sich auf Fusionen, Übernahmen oder Unternehmenszusammenschlüsse konzentriert. Das Unternehmen zielt auf Unternehmen mit starken Erzählungen auf dem öffentlichen Markt, Wachstumsperspektiven und attraktiven Cashflow-Dynamiken ab. Das Wertpapierangebot wird durch eine am 7. November 2024 in Kraft tretende Form S-1-Registrierungserklärung unterstützt.
- Successfully completed IPO of 23,000,000 units including full exercise of over-allotment
- Achieved listing on Nasdaq Global Market
- Structured offering provides investors flexibility with separate trading of shares and rights
- No specific business combination target identified yet
- Blank check company status indicates inherent investment risks
- Rights structure (1/7th per unit) may create complexity for investors
Insights
This announcement represents a standard technical milestone for a SPAC (Special Purpose Acquisition Company) but carries minimal immediate market impact. The separation of units into Class A Ordinary Shares and Rights is a routine procedural step that occurs after the initial listing period. The company raised
The 1:7 Rights ratio means investors will need to accumulate seven Rights to receive one additional Class A Ordinary Share post-business combination. This structure is relatively standard for SPACs but slightly less favorable than the more common 1:5 ratio. The company's focus on targets with "compelling public-market narratives" and "high visibility of growth prospects" suggests a technology or high-growth sector focus, though no specific industry has been identified.
For investors, the unit separation provides enhanced trading flexibility but does not materially affect the underlying investment thesis or value proposition. The key catalyst remains the identification and successful completion of a business combination within the standard 18-24 month timeframe.
New York, NY, Dec. 18, 2024 (GLOBE NEWSWIRE) -- GSR III Acquisition Corp. (“GSRT” or the “Company”) announced today that, commencing December 19, 2024, holders of the units sold in the Company’s initial public offering of 23,000,000 units, which included 3,000,000 units issued upon the full exercise of the underwriter’s over-allotment option (“Units”), may elect to separately trade the Company’s Class A Ordinary Shares (“Class A Ordinary Shares”) and Rights (Rights”) included in the Units. Each Unit consists of one Class A Ordinary Share and one-seventh (1/7th) of one Right, with each whole right entitling the holder thereof to receive one Class A Ordinary Share upon the consummation of an initial business combination. No fractional rights will be issued upon separation of the units and only whole rights will trade. The Class A Ordinary Shares and Rights that are separated will trade on Nasdaq Global Market (“Nasdaq”) under the symbols “GSRT” and “GSRTR,” respectively. Those units not separated will continue to trade on Nasdaq under the symbol “GSRTU.” Holders of units will need to have their brokers contact Continental Stock Transfer & Trust Company, the Company’s transfer agent, in order to separate the units into Class A Ordinary Shares and Rights.
GSRT is a newly incorporated, blank check company formed in the Cayman Islands for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. While the Company may pursue an initial business combination target in any business or industry, it intends to identify companies with compelling public-market narratives, high visibility of growth prospects, and attractive cash flow dynamics now or in the near future, where a public listing, financing from an initial business combination and access to public capital markets will enable the target to build on its competitive advantages and allow the target company to further accelerate its growth profile.
A registration statement related to these securities has been filed on Form S-1 with the Securities and Exchange Commission and became effective on November 7, 2024 (File No. 333-280842). The offering is being made only by means of a prospectus. Copies of the prospectus may be obtained, when available, by contacting Kingswood Capital Partners, LLC, 126 East 56th Street, Suite 22S, New York, NY 10022, or by calling 212-487-1080 or emailing Syndicate@kingswoodUS.com. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Forward-Looking Statements
This press release includes forward-looking statements. Forward-looking statements are statements that are not historical facts. Such forward-looking statements, including the successful consummation of the Company’s initial public offering, are subject to risks and uncertainties, many of which are beyond the control of the Company, including those set forth in the “Risk Factors” section of the Company’s registration statement and prospectus for the Company’s initial public offering filed with the SEC, any of which could cause actual results to differ from such forward-looking statements. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based, except as required by law.
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Company contact:
Anantha Ramamurti
President & CFO
anantha@gsrspac.com
FAQ
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