Oaktree Acquisition III in an amended S-1 filing said it will now offer 27.5 million units in its upcoming IPO, down 15 percent from the 32.5 million units registered in February.
The SPAC will target a business in the industrial and consumer sectors.
Patrick McCaney is Co-CEO and director of Oaktree III. His previous SPAC, Oaktree II, raised $225 million in an IPO last September. McCaney’s first Oaktree SPAC completed a merger in January with healthcare platform Hims & Hers.
Oaktree III plans to list on the NYSE under OACC.U. Read more.
