Oaktree Acquisition III Withdraws $225M IPO

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, and 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 the industrial and consumer sectors. Read more.

Source: Oaktree Acquisition III Withdraws 5M IPO