Osprey Acquisition Corp. III raises $300M in Nasdaq IPO

Osprey Acquisition Corp. III (NASDAQ: OSPRU) closed its initial public offering of 30,015,000 units at $10.00 per unit, raising $300.15 million in gross proceeds, according to a press release from the company.

The offering includes 3,915,000 units issued after underwriters exercised their over-allotment option in full. Units began trading on the Nasdaq Global Market on July 1, 2026, under the ticker symbol "OSPRU." Each unit consists of one Class A ordinary share and one-third of one redeemable warrant, with each whole warrant carrying an exercise price of $11.50 per share. The Class A ordinary shares and warrants are expected to trade separately on Nasdaq under the symbols "OSPR" and "OSPRW," respectively.

The full $300.15 million in proceeds, drawn from the IPO and a simultaneous private placement, was placed into a trust account for the benefit of public shareholders.

Osprey Acquisition Corp. III is a blank check company formed to pursue a merger, share exchange, asset acquisition, or similar business combination. The company states its primary focus will be on businesses deploying technologies related to 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. served as sole book-running manager for the offering. The U.S. Securities and Exchange Commission declared the registration statement effective on June 30, 2026.

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