GSR III Acquisition Corp. (Ticker: GSRTU) is a blank-check company targeting high-potential U.S.-based businesses. Founded in 2023, this is the third SPAC launched under the GSR brand. GSR III intends to raise $200 million by offering 20 million units at $10.00 each. Each unit includes one Class A ordinary share and one-seventh of one right to receive an additional Class A share upon the completion of a business combination, alongside three-fourths of one redeemable warrant.

The SPAC is led by co-CEOs Gus Garcia, previously with Bank of America Securities’ SPAC M&A division, and Lewis Silberman, former head of SPAC equity capital markets at Oppenheimer & Co. GSR III will list on NASDAQ on November 7, 2024. SPAC Advisory Partners, a division of Kingswood Capital Partners, is the lead underwriter for this offering. The projected market capitalization at the offer is approximately $262 million.