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 with healthcare platform Hims & Hers.
Deutsche Bank, Credit Suisse and Morgan Stanley were set to be joint book-runners on the offering, with Academy Securities, Amerivet, Ramirez & Co. and Tigress Financial Partners serving as co-managers.
The SPAC was planning to target the industrial and consumer sectors. Read more.
Source: Oaktree Acquisition III Withdraws 5M IPO