Company Overview - Twelve Seas Investment Company III is a blank check company formed to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses [2] - The company intends to focus on global companies located outside the United States, particularly established profitable enterprises in the oil and gas sector, while also considering U.S.-owned companies by non-U.S. shareholders [2] Initial Public Offering (IPO) Details - The company announced the pricing of its initial public offering of 15,000,000 units at a price of $10.00 per unit, with trading set to begin on December 12, 2025 [1] - Each unit consists of one Class A ordinary share and one right to receive one-tenth (1/10) of a Class A ordinary share upon the completion of the initial business combination [1] - The offering is expected to close on or about December 15, 2025, subject to customary closing conditions [1] Management Team - The management team is led by Dimitri Elkin, Chief Executive Officer, and Jonathan Morris, Chief Financial Officer, with additional independent directors including Julian Vickers, Bob Foresman, Greg Nelson, and Olga Klimova [2] Underwriters and Legal Counsel - Cohen & Company Capital Markets acted as the sole book-running manager for the offering, with legal counsel provided by Ellenoff Grossman & Schole LLP and Ogier (Cayman) LLP for the company, and Greenberg Traurig, LLP for the underwriters [3]
Twelve Seas Investment Company III Announces Pricing of $150,000,000 Initial Public Offering