other material
confidence high
sentiment neutral
materiality 0.60
Oaktree Acquisition Corp. III Life Sciences prices $175M IPO at $10/unit
Oaktree Acquisition Corp. III Life Sciences
- Gross proceeds of $175M from 17.5M units at $10.00 each; units trade on Nasdaq as OACCU.
- Each unit comprises one Class A share and 1/5 redeemable warrant exercisable at $11.50.
- Underwriters have 45-day over-allotment option for up to 2.625M additional units.
- Sponsor purchased 550,000 private placement units at $10 each, generating $5.5M.
- Net proceeds held in trust for initial business combination; 24-month deadline to complete.