Fifth Wall Acquisition III registered with the SEC to offer 25 million shares at $10 each. There are no warrants in the offering.
Sponsor Fifth Wall Acquisition Sponsor III has agreed to purchase up to 932,000 Class A ordinary shares at the IPO price if the underwriters’ over-allotment option is exercised in full in a private placement to occur with the closing of the offering.
The SPAC’s acquisition focus is on verticals within the real estate sector.
Fifth Wall III is led by CEO and Chairman Brendan Wallace, who is a co-founder and managing partner at Fifth Wall since 2016, where he also serves as the chairman of the investment committee. He is likewise chairman and CEO of the firm’s earlier SPACs, Fith Wall I and II. Both are likewise focused on real estate companies.
The SPAC intends to apply for a Nasdaq listing under FWAC. Read more.
