Spartan acquisition corp. iii announces closing of $552,000,000 initial public offering, including full exercise of underwriters' option to purchase additional units

New york, feb. 11, 2021 (globe newswire) -- spartan acquisition corp. iii (the “company”) announced today the closing of its initial public offering (the “ipo”) of 55,200,000 units at a price of $10.00 per unit. this includes the exercise in full by the underwriters of their option to purchase up to an additional 7,200,000 units. the units are listed on the new york stock exchange (the “nyse”) and trade under the ticker symbol “spaq.u”. each unit consists of one share of the company's class a common stock and one-fourth of one redeemable warrant, with each whole warrant entitling the holder thereof to purchase one share of the company's class a common stock at an exercise price of $11.50 per share. once the securities comprising the units begin separate trading, which is expected to be on the 52nd day following the date of the final prospectus related to the offering, the shares of class a common stock and warrants are expected to be listed on the nyse under the symbols “spaq” and “spaq.ws,” respectively.
APO Ratings Summary
APO Quant Ranking