HONG
KONG, Nov. 8, 2024 /PRNewswire/ -- A SPAC
III Acquisition Corp. (the "Company"), a blank check company
incorporated as a British Virgin
Islands exempted company formed for the purpose of effecting
a merger, share exchange, asset acquisition, stock purchase,
reorganization or similar business combination with one or more
businesses, today announced the pricing of its initial public
offering of 5,500,000 units at an offering price of $10.00 per unit, with each unit consisting of one
Class A ordinary share and one right. Each right entitles the
holder to receive one-tenth (1/10) of one Class A ordinary share
upon consummation of the Company's initial business combination.
The units are expected to trade on the Nasdaq Capital Market
("Nasdaq") under the ticker symbol "ASPCU" beginning on
November 8, 2024. Once the securities
comprising the units begin separate trading, the Class A ordinary
shares and rights will be traded on Nasdaq under the symbols "ASPC"
and "ASPCR," respectively.
Maxim Group LLC is acting as the sole book-running manager for
the offering.
The Company has granted the underwriter a 45-day option to
purchase up to 825,000 additional units at the initial public
offering price less the underwriting discount to cover
over-allotments, if any. The offering is expected to close on
November 12, 2024, subject to
customary closing conditions.
A registration statement on Form S-1 (File No. 333-282428) (the
"Registration Statement") relating to the securities to be sold in
the initial public offering, as amended, was declared effective by
the U.S. Securities and Exchange Commission (the "SEC") on
November 8, 2024. The offering is
being made only by means of a prospectus. When available, copies of
the prospectus relating to this offering may be obtained from Maxim
Group LLC, 300 Park Avenue, 16th Floor,
New York, NY 10022, Attention:
Syndicate Department, by telephone at (212) 895-3745 or by email at
syndicate@maximgrp.com, or by accessing the SEC's website,
www.sec.gov.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
About A SPAC III Acquisition Corp.
A SPAC III Acquisition Corp. is a blank check company, also
commonly referred to as a special purpose acquisition company, or
SPAC, formed for the purpose of effecting a merger, share exchange,
asset acquisition, stock purchase, reorganization or similar
business combination with one or more businesses. A SPAC III
Acquisition Corp. intends to focus on businesses in the
Environmental, Sustainability and Governance (ESG) and material
technology sectors.
Forward-Looking Statements
This press release contains statements that constitute
"forward-looking statements," including with respect to the
expected closing of the Company's initial public offering and
search for an initial business combination. No assurance can be
given that the offering discussed above will be completed on the
terms described, or at all. Forward-looking statements are subject
to numerous conditions, many of which are beyond the control of the
Company, including those set forth in the Risk Factors section of
the Registration Statement and related preliminary prospectus filed
in connection with the initial public offering with the SEC. Copies
are available on the SEC's website, www.sec.gov. The Company
undertakes no obligation to update these statements for revisions
or changes after the date of this release, except as required by
law.
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SOURCE A SPAC III Acquisition Corp