Osprey Acquisition Corp. III filed its Form 10-Q for the quarter ended September 30, 2026 with the U.S. Securities and Exchange Commission on November 6, 2026, covering its first operating period since inception on January 27, 2026.

Key Highlights

  • Trust Account balance: Cash and securities held in trust totaled $302,719,684 as of September 30, 2026, according to the filing.
  • IPO closing: The underwriters exercised their over-allotment option in full on July 2, 2026, as part of the closing of the Initial Public Offering, the filing disclosed.
  • Net income: The company reported net income of $2,298,382 for the three months ended September 30, 2026, driven by $2,569,684 in interest earned on the trust account.
  • Shares outstanding: As of November 6, 2026, there were 30,762,000 Class A ordinary shares and 10,254,000 Class B ordinary shares issued and outstanding.
  • Redemption value: 30,015,000 Class A ordinary shares are subject to possible redemption at $10.09 per share, the filing stated.
  • Shareholders' deficit: Total shareholders' deficit stood at $(11,460,714) as of September 30, 2026, reflecting accretion of Class A ordinary shares to redemption value.
  • Deferred underwriting fee: A deferred underwriting fee of $12,789,000 is recorded as a long-term liability on the balance sheet.

Osprey Acquisition Corp. III Reports Inaugural Quarter Results Following July 2026 IPO Close

Osprey Acquisition Corp. III (NASDAQ:OSPR), a blank check company incorporated in the Cayman Islands and headquartered in Philadelphia, Pennsylvania, reported financial results for the three months ended September 30, 2026, its first quarterly report since inception on January 27, 2026. The company disclosed total assets of $304,186,568, with the dominant component being $302,719,684 in cash and securities held in its trust account.

According to the filing, the company generated net income of $2,298,382 for the three-month period, compared with general and administrative costs of $271,302. The income was attributable almost entirely to $2,569,684 of interest earned on the trust account. For the inception-to-date period through September 30, 2026, net income was $2,189,112, as general and administrative costs of $380,572 partially offset the same trust interest figure. Basic and diluted net income per share was $0.06 for Class A and Class B ordinary shares for the quarter.

The filing noted that the IPO closed on July 2, 2026, at which point the underwriters exercised their over-allotment option in full. This caused 1,305,000 Class B founder shares, previously subject to forfeiture, to be released from that condition. The company sold 747,000 Private Placement Units, raising $7,470,000. Net cash used in operating activities for the period from inception through September 30, 2026 was $(542,909). The company is classified as a shell company, a smaller reporting company, and an emerging growth company.

What Was Disclosed

Osprey Acquisition Corp. III disclosed its balance sheet, income statement, and cash flow statement for its first operating period, showing a trust account of $302,719,684, net income of $2,298,382 for the quarter, a shareholders' deficit of $(11,460,714), and a deferred underwriting fee of $12,789,000.