Appleby Advises Osprey Acquisition Corp. III in Its USD300.15M Initial Public Offering
Appleby is pleased to announce that it acted as Cayman Islands legal counsel to Osprey Acquisition Corp. III (Osprey), in connection to its initial public offering of 30,015,000 units in IPO at $10.00 each, which includes 3,915,000 units issued pursuant to the exercise by the underwriters of their over-allotment option in full, resulting in gross proceeds of $300,150,000.
Units began trading on the Nasdaq Global Market on July 1, 2026, under the ticker symbol “OSPRU.” Each unit consists of one Class A ordinary share and one-third of one redeemable warrant, with each whole warrant carrying an exercise price of $11.50 per share. The Class A ordinary shares and warrants are expected to trade separately on Nasdaq under the symbols “OSPR” and “OSPRW,” respectively.
The Appleby Capital Markets team was led by Cayman Islands Partner Alexandra Low, Hong Kong Senior Associate Alejandra Gonzalez Saucedo, Legal Manager Kelly Tang, Cayman Islands Paralegal Sophia Cunningham and Articled Clerk Emily McIntyre with other members of the corporate team.
Appleby continues to play a key role in major IPO and public-market matters worldwide.
