Osprey Acquisition III, a blank check company targeting next-generation energy infrastructure, raised $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; +7% 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) in 2021, and Osprey Technology Acquisition II, which withdrew its plans for an initial public offering in 2022.
The Philadelphia, PA-based company will trade on the Nasdaq under the symbol OSPRU. Cantor Fitzgerald acted as sole bookrunner on the deal.
