LOS ANGELES, May 27, 2021 /PRNewswire/ -- Fifth Wall
Acquisition Corp. III (the "Company" or "FWAC"), a special
purpose acquisition company, today announced the closing of its
initial public offering ("IPO") of 27,500,000 Class A Ordinary
Shares at a price to the public of $10.00 per share. The shares began trading on The
Nasdaq Stock Market, LLC ("Nasdaq") under the symbol "FWAC" on
May 25, 2021. The Company
granted the underwriters a 45-day option to purchase up to an
additional 3,750,000 Class A Ordinary Shares at the initial public
offering price to cover over-allotments, which the underwriters
partially exercised for an additional 2,500,000 Class A Ordinary
Shares, leaving 1,250,000 Class A Ordinary Shares still available
under the option.
Deutsche Bank Securities, Goldman Sachs & Co. LLC and BofA
Securities are acting as joint book-running managers for
the offering.
A registration statement relating to the securities became
effective on May 24, 2021. The
offering is being made only by means of a prospectus, which forms a
part of the registration statement. Copies of the prospectus may be
obtained for free by visiting EDGAR on the Securities and Exchange
Commission (the "SEC") website at www.sec.gov. Alternatively,
copies may be obtained from Deutsche Bank Securities, Attention:
Prospectus Group, 60 Wall Street, New
York, NY 10005-2836, by email at prospectus.CPDG@db.com, or
by telephone at (800) 503-4611; Goldman Sachs & Co. LLC,
Attention: Prospectus Department, 200 West Street, New York,
NY 10282, or by telephone at (866) 471-2526, or by
email at prospectus-ny@ny.email.gs.com; or BofA Securities,
Attention: Prospectus Department, NC1-004-03-43, 200 North College
Street, 3rd floor, Charlotte, NC
28255-0001, or by emailing dg.prospectus—requests@bofa.com.
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 an
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such state or
jurisdiction.
About Fifth Wall Acquisition Corp.
III
Fifth Wall Acquisition Corp. III is a
newly formed blank check company incorporated for the purpose of
effecting a merger, share exchange, asset acquisition,
share purchase, reorganization or similar business combination
with one or more businesses (the "Business Combination"). While the
Company may pursue an acquisition opportunity in any industry,
sector or geographical location, it intends to focus on industries
that complement its management team's background, and to capitalize
on the ability of its management team to identify and acquire a
technology business focusing on verticals of the real estate
industry, as well as the adjacent industries that collectively make
up the human-made environment that provides the setting for human
activity, ranging in scale from buildings to cities and beyond,
which the Company calls the "Built World." Fifth Wall
Acquisition Corp. III expects to focus on "proptech" companies
other than those serving the residential real estate industry.
Cautionary Statement Concerning Forward-Looking
Statements
This press release contains statements that
constitute "forward-looking statements," including with respect to
the search for a Business Combination. 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 and
prospectus for the 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.
FWAC Media Contacts:
Colleen Hsia / Rachel Rosenblatt
FWAC@fticonsulting.com
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SOURCE Fifth Wall Acquisition Corp. III