New York, NY, Dec. 18, 2024 (GLOBE NEWSWIRE) — GSR III Acquisition Corp. (“GSRT” or the “Company”) announced today that, commencing December 19, 2024, holders of the units sold in the Company’s initial public offering of 23,000,000 units, which included 3,000,000 units issued upon the full exercise of the underwriter’s over-allotment option (“Units”), may elect to separately trade the Company’s Class A Ordinary Shares (“Class A Ordinary Shares”) and Rights (Rights”) included in the Units. Each Unit consists of one Class A Ordinary Share and one-seventh (1/7th) of one Right, with each whole right entitling the holder thereof to receive one Class A Ordinary Share upon the consummation of an initial business combination. No fractional rights will be issued upon separation of the units and only whole rights will trade. The Class A Ordinary Shares and Rights that are separated will trade on Nasdaq Global Market (“Nasdaq”) under the symbols “GSRT” and “GSRTR,” respectively. Those units not separated will continue to trade on Nasdaq under the symbol “GSRTU.” Holders of units will need to have their brokers contact Continental Stock Transfer & Trust Company, the Company’s transfer agent, in order to separate the units into Class A Ordinary Shares and Rights.
2 min to read