Osprey Acquisition Corp. III opens at $10.03, IPO at $10

Osprey Acquisition Corp. III (NASDAQ:OSPRU) commenced trading on July 1, 2026, with an opening price of $10.03, slightly above its initial public offering (IPO) price of $10.00 per unit. The company raised $261 million through the offering of 26,100,000 units, with each unit consisting of one Class A ordinary share and one-third of one redeemable warrant. The warrants are exercisable at $11.50 per share, and the securities comprising the units are expected to trade separately under the symbols "OSPR" for the shares and "OSPRW" for the warrants.

As a blank check company, Osprey Acquisition Corp. III is structured to pursue a merger, acquisition, or business combination with one or more target companies. The firm is particularly focused on enterprises leveraging disruptive technologies and next-generation infrastructure to modernize energy systems, enable AI-driven optimization, and support global connectivity. The management team includes David Heikkinen as CEO and a board of directors led by Co-Executive Chairmen Daniel C. Herz and Jonathan Z. Cohen.

Cantor Fitzgerald & Co. served as the sole book-running manager for the offering, which is expected to close on or about July 2, 2026.