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Hudson Executive Investment Corp. III (Nasdaq: HIII) will dissolve and liquidate as it has failed to complete a business combination within the required timeframe. Shareholders can expect a redemption price of approximately $10.10 per share on December 21, 2022. The company has instructed its trustee to liquidate its trust account for distribution to shareholders. Additionally, HIII plans to delist its securities from NASDAQ and terminate its registration under the Securities Exchange Act of 1934.
Hudson Executive Investment Corp. III announced that holders of its initial public offering units can trade Class A common stock and warrants separately starting April 16, 2021. The units, sold in February 2021, total 60 million and will continue to trade under the ticker symbol HIIIU. After separation, Class A shares and warrants will trade under HIII and HIIIW, respectively. No fractional warrants will be issued, and whole warrants only will trade. Additional trade details can be obtained through Continental Stock Transfer & Trust Company.
Hudson Executive Investment Corp. III announced the successful closing of its initial public offering (IPO) on February 26, 2021, raising $600 million. The IPO consisted of 60 million units priced at $10.00 each, including an over-allotment of 7.5 million units. The units, which began trading on February 24, 2021, under the symbol HIIIU, contain one share of Class A common stock and one-fifth of a redeemable warrant, each exercisable at $11.50. The company aims to pursue technology-driven business combinations.
