Osprey Acquisition Corp. III Announces Unit Separation; Shares & Warrants to Trade

What Happened

• Osprey Acquisition Corp. III (OSPR) announced on August 18, 2026 that, beginning August 21, 2026, holders of the Units issued in its IPO may elect to separate each Unit into one Class A ordinary share and one-third (1/3) of one redeemable warrant. Unseparated Units will continue to trade under the ticker OSPRU; separated Class A shares will trade as OSPR and the warrants as OSPRW.

Key Details

• Each Unit consists of: 1 Class A ordinary share (par value $0.0001) + 1/3 of one warrant.
• Each whole warrant entitles the holder to purchase one Class A ordinary share at $11.50 per share.
• Separation effective date: commencing August 21, 2026 (announcement filed Aug 18, 2026).
• To separate Units, holders must have their brokers contact Continental Stock Transfer & Trust Company, the Company’s transfer agent.
• The company issued a press release announcing the separation (included as Exhibit 99.1 to the Form 8-K).

Why It Matters

• Separate trading lets investors buy or sell the Class A shares and warrants independently, which can improve liquidity and give more flexibility in trading strategies.
• Unit holders who want individual shares or warrants must take action through their broker to complete the split; otherwise their holdings will remain as Units (OSPRU).
• The warrant exercise price ($11.50) and the split ratio (1/3 warrant per Unit) are concrete terms investors should note when evaluating potential value or dilution.