Oaktree Acquisition III today in a letter to the sec said it is withdrawing an offering of 22.5 million units. The SPAc initially filed to offer 32.5 million units in February 2021, downsizing twice — in May and December that year.

The sponsor's first Oaktree SPAC completed a merger in January 2021

The SPAC was planning to target the industrial and consumer sectors. Read more.

Source: Oaktree Acquisition III Withdraws 5M IPO