GSR III Acquisition Corp. (GSRTU) Prices $200M IPO
by Nicholas Alan Clayton on 2024-11-07 at 10:33am

GSR III Acquisition Corp. (NASDAQ:GSRTU) announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “GSRTU”, Thursday, November 7, 2024.

The new SPAC intends to mount a broad search for a target company without limitations on a particular industry, sector or geographic region.

GSR III is led by Co-Chief Executive Officer Gus Garcia and Co-Chief Executive Officer Lewis Silberman, alongside President and Chief Financial Officer Anantha Ramamurti and Chief Business Development Officer Yuya Orime. Its Board is to be made up of Jonathan Cole, Susie Kuan and Jody Sitkoski.

Total SPAC deal count for 2024 year-to-date is now 44. This offering is expected to close on Friday, November 8, 2024.


SPAC Advisory Partners LLC (“SAP”), a division of Kingswood Capital Partners LLC, is acting as the sole underwriter for the initial public offering. Latham & Watkins LLP is serving as Issuer’s Counsel with Winston & Strawn LLP serving as Underwriter’s Counsel. Grant Thornton, LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.

Recent Posts
by Nicholas Alan Clayton on 2024-11-07 at 10:33am

GSR III Acquisition Corp. (NASDAQ:GSRTU) announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “GSRTU”, Thursday, November 7, 2024. The new SPAC intends to mount a broad search for a target company without limitations on a particular industry, sector or geographic region....

by Nicholas Alan Clayton on 2024-11-07 at 8:32am

At the SPAC of Dawn In a busy week for both SPACs and the market, traders could see as many as three new SPACs come to market in the next 24 hours as GSR III (NASDAQ:GSRTU), A SPAC III (NASDAQ:ASPCU) and Willow Lane (NASDAQ:WLACU) have all been working to try and price their IPOs. It’s...

by Nicholas Alan Clayton on 2024-11-06 at 4:30pm

Artius II Acquisition Inc. (NASDAQ:AACB) has filed for a $200 million IPO with terms that resurrect the unique tontine structure earlier employed, but never fully tested by Pershing Square Tontine in 2020. The SPAC’s units are to contain both a 1/10 right and one contingent right to receive a pro rata share of 1,000,000 to...

by Nicholas Alan Clayton on 2024-11-06 at 8:22am

At the SPAC of Dawn The SPAC world got its first de-SPAC chairman/US president-elect last night as former President Donald Trump has stamped his return to the Oval Office in the 2024 presidential elections. Futures are up hugely across the board and, the result has provoked expected bumps in conservative de-SPACs beyond Trump Media (NASDAQ:DJT),...

by Nicholas Alan Clayton on 2024-11-05 at 8:17am

At the SPAC of Dawn With the world’s eyes fixated on the US presidential elections today, de-SPAC Trump Media (NASDAQ:DJT) continues to be just as active of a gauge of retail expectations if not voter intentions. It is back on the upswing with a +12.4% gain yesterday and a further +9.5% boost in the pre-market....

logo

Copyright © 2023 SPACInsider, Inc. All Rights Reserved