Osprey Acquisition Corp. III prices $261M IPO on Nasdaq

Osprey Acquisition Corp. III (NASDAQ: OSPRU), a blank check company based in Philadelphia, priced its initial public offering of 26,100,000 units at $10.00 per unit, raising $261,000,000, according to a press release.

Units are set to begin trading on the Nasdaq Global Market under the symbol "OSPRU" on July 1, 2026, with the offering expected to close on or about July 2, 2026. Each unit consists of one Class A ordinary share and one-third of one redeemable warrant, with each whole warrant exercisable for one Class A ordinary share at $11.50 per share. Once the units separate, the Class A ordinary shares and warrants are expected to trade under the symbols "OSPR" and "OSPRW," respectively.

The company was formed to pursue a merger, share exchange, asset acquisition, or similar business combination. Its stated primary focus is identifying companies involved in energy systems, AI-driven optimization, and global connectivity infrastructure.

The management team includes David Heikkinen as Chief Executive Officer, Daniel C. Herz and Jonathan Z. Cohen as Co-Executive Chairmen, Edward E. Cohen as Vice-Chairman, Thomas C. Elliott as Chief Financial Officer, and Jeffrey F. Brotman as Chief Operating Officer and Chief Legal Officer.

Cantor Fitzgerald & Co. is serving as the sole book-running manager. The underwriter has been granted a 45-day option to purchase up to an additional 3,915,000 units at the IPO price to cover over-allotments. The SEC declared the registration statement effective on June 30, 2026.

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