Osprey Acquisition III, a blank check company targeting energy and energy infrastructure, filed on Monday with the SEC to raise up to $261 million in an initial public offering.
The company plans to raise $261 million by offering 26.1 million units at $10. Each unit consists of one share of common stock, and one-third of one warrant to purchase a share, exercisable at $11.50.
Osprey Acquisition III is led by CEO David Heikkinen, the Chief Development Officer of WhiteHawk Minerals (NYSE: WHK; +5% from its June 2026 IPO price). He is joined by Co-Executive Chairman Jonathan Cohen, the founder and CEO of HEPCO Capital Management, and Co-Executive Chairman Daniel Herz, the CEO of WhiteHawk Minerals. The SPAC intends to target companies deploying disruptive technologies and next-generation infrastructure, enable AI-driven optimization, and support global connectivity.
Management's previous SPACs include Osprey Energy Acquisition, which merged with oil and gas mineral royalty company Sitio Royalties (formerly Nasdaq: STR) in 2018, Osprey Technology Acquisition, which merged with geospatial intelligence provider BlackSky Technologies (NYSE: BKSY; +88% from $10 offer price) in 2021, and Osprey Technology Acquisition II, which withdrew its plans for an initial public offering in 2022.
The Philadelphia, PA-based company was founded in 2026. It plans to list on the Nasdaq under the symbol OSPRU. Osprey Acquisition III filed confidentially on March 6, 2026. Cantor Fitzgerald is the sole bookrunner on the deal.
