10X Capital Venture Acquisition Corp. III Announces Pricing of Upsized $261 Million Initial Public Offering
12 January 2022 - 9:28AM
10X Capital Venture Acquisition Corp. III (the “Company”) today
announced the pricing of its upsized initial public offering of
26,100,000 units at a price of $10.00 per unit. The units will be
listed on the New York Stock Exchange (the “NYSE”) and trade under
the ticker symbol “VCXB.U” beginning on January 12, 2022. Each unit
consists of one Class A ordinary share and one-half of one
redeemable warrant, with each whole warrant exercisable to purchase
one Class A ordinary share at a price of $11.50 per share. Only
whole warrants will be exercisable. Once the securities comprising
the units begin separate trading, the Class A ordinary shares and
warrants are expected to be listed on the NYSE under the symbols
“VCXB” and “VCXB WS,” respectively.
10X Capital Venture Acquisition Corp. III is a blank-check
company whose business purpose is to effect a merger, share
exchange, asset acquisition, share purchase, reorganization or
similar business combination with one or more businesses. The
Company intends to focus on identifying high growth technology and
tech-enabled businesses domestically and abroad in the consumer
internet, ecommerce, software, healthcare, transportation /
mobility and financial services industries, as well as other
industries which are being disrupted by advances in technology and
on technology paradigms including artificial intelligence,
automation, data science, ecommerce and Software-as-a-Service.
Cantor Fitzgerald & Co. is acting as the sole book-running
manager for the offering. The Company has granted the underwriters
a 45-day option to purchase up to an additional 3,915,000 units at
the initial public offering price to cover over-allotments, if
any.
The offering is being made only by means of a prospectus. When
available, copies of the prospectus relating to this offering may
be obtained from Cantor Fitzgerald & Co., Attention: Capital
Markets, 499 Park Avenue, 5th Floor New York, New York 10022;
Email: prospectus@cantor.com.
A registration statement relating to these securities was
declared effective by the U.S. Securities and Exchange Commission
(the “SEC”) on January 11, 2022. This press release shall not
constitute an offer to sell or the solicitation of an offer to buy,
nor shall there be any sale of these securities in any state or
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
Forward Looking-Statements
This press release contains statements that constitute
“forward-looking statements,” including with respect to the initial
public offering and search for an initial business combination. No
assurance can be given that the offering discussed above will be
completed on the terms described, or at all, or that the proceeds
of the offering will be used as indicated. Forward-looking
statements are subject to numerous conditions, many of which are
beyond the control of the Company, including those set forth in the
Risk Factors section of the Company’s registration statement for
the initial public offering filed with the SEC. Copies are
available on the SEC’s website, www.sec.gov. The Company undertakes
no obligation to update these statements for revisions or changes
after the date of this release, except as required by law.
Contact
Max Staedtler10X CapitalOne World Trade Center, 85th FloorNew
York, NY 10007(212) 257-0069max@10xcapital.com
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