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Stock impact report

GSR III Acquisition Corp. Announces the Closing of its $230 Million Initial Public Offering, Including Full-Exercise Of Over-Allotment Option

GSR III Acquisition Corp. - Unit (GSRTU) 
Company Research Source: GlobeNewswire
New York, NY, Nov. 08, 2024 (GLOBE NEWSWIRE) -- GSR III Acquisition Corp. (NASDAQ: GSRT) (“GSRT” or the “Company”) announced today that it closed its initial public offering of 23,000,000 units at a price of $10.00 per unit, for aggregate gross proceeds of $230,000,000. The offering size reflects the full exercise of the underwriter’s over-allotment option. Each unit consists of one of the Company’s Class A ordinary shares (the “Class A Ordinary Shares”) and one-seventh (1/7th) of one right (the “Rights”), with each whole right entitling the holder thereof to receive one Class A Ordinary Share upon the consummation of an initial business combination. No fractional rights will be issued upon separation of the units and only whole rights will trade. The units are listed on the Nasdaq Global Market LLC (“Nasdaq”) and began trading under the ticker symbol “GSRTU” on November 7, 2024. Once the securities comprising the units begin separate trading, the Class A Ordinary Shares and Right Show less Read more
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