other material
confidence high
sentiment neutral
materiality 0.50
Oaktree Acquisition Corp. III Life Sciences closes partial over-allotment, trust grows to $192M
Oaktree Acquisition Corp. III Life Sciences
- Underwriters purchased 1,699,029 additional units at $10.00 each, generating $16.99M gross proceeds.
- Sponsor purchased 33,981 additional private placement units at $10.00 each for $339,810.
- Sponsor forfeited 231,492 Class B ordinary shares at no cost as part of the over-allotment exercise.
- Remaining 925,971 over-allotment units were forfeited by underwriters.
- Total trust account now holds $191,990,290 from IPO, over-allotment, and private placement proceeds.