Osprey Acquisition Corp. III Targets $261 Million in Nasdaq IPO

Each unit includes one share and a warrant enabling the purchase of one-third of a share at an exercise price of $11.50. Underwriters hold a 45-day option to purchase an additional 3.915 million units to accommodate potential overallotments.

While the company has yet to identify a specific merger candidate, management indicated a potential interest in sectors such as artificial intelligence, financial technology, and blockchain. The firm stated it remains open to pursuing targets across any industry as it begins its search for a business combination.