JATT III Acquisition Corp Reports IPO Closing; $69M Deposited in Trust

What Happened

• JATT III Acquisition Corp filed an 8-K (dated Sept 2, 2026) confirming the closing of its initial public offering (IPO) on August 27, 2026. The IPO sold 6,900,000 ordinary shares at $10.00 per share (including 900,000 shares from the underwriters’ over‑allotment) for gross proceeds of $69,000,000.
• Simultaneously the company completed a private placement of 234,000 ordinary shares to JATT Ventures III L.P. at $10.00 per share, raising $2,340,000. An audited balance sheet as of August 27, 2026 reflecting these transactions is included as Exhibit 99.1 to the report.

Key Details

• IPO size: 6,900,000 shares sold at $10.00 each (900,000 shares from full over‑allotment).
• Private placement: 234,000 shares to JATT Ventures III L.P. for $2,340,000.
• Trust deposit: $69,000,000 of net proceeds were deposited into the trust account for public shareholders as of August 27, 2026; this amount includes $2,070,000 of underwriters’ deferred fee.
• Filing date: Current Report on Form 8‑K filed Sept 2, 2026 (refers to prior 8‑K filed Aug 31, 2026).

Why It Matters

• The $69.0M held in the trust account is the cash pool available (for the benefit of public shareholders) that the SPAC will use to pursue a business combination; this is a central metric for investors evaluating the SPAC’s capital backing.
• The private placement and underwriters’ deferred fee details show sponsor and underwriting economics and the post‑IPO cash composition — relevant when assessing potential dilution and how much cash is truly available for a target acquisition.
• The included audited balance sheet provides a verified snapshot of the company’s financial position immediately after the IPO and private placement.