Spartan acquisition corp. iii announces pricing of upsized $480,000,000 initial public offering

New york, feb. 08, 2021 (globe newswire) -- spartan acquisition corp. iii (the “company”) announced today the pricing of its initial public offering (the “ipo”) of 48,000,000 units at a price of $10.00 per unit. the units will be listed on the new york stock exchange (the “nyse”) and trade under the ticker symbol “spaq.u” beginning on february 9, 2021. 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, 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. the offering is expected to close on february 11, 2021, subject to customary closing conditions.
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