Helix Acquisition Corp. III closes IPO of 17.25M Class A shares at $10.00, gross $172.5M

Helix Acquisition Corp. III

Gross IPO proceeds $172.5M from 17.25M shares (including full over-allotment) at $10.00 per share.
Private placement: 497,500 shares to sponsor Helix Holdings III LLC at $10.00, raising $4.975M.
Net $172.5M placed in trust account; audited balance sheet shows $175.78M total assets, $5.9M liabilities.
Transaction costs $7.5M, including $5.175M deferred underwriting fee; working capital $2.55M.
Company has 24 months from closing to complete a business combination.

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