Osprey Acquisition Corp. III Reports $61,672 Net Loss for Quarter Ending June 30, 2026

Osprey Acquisition Corp. III has reported its financial results for the quarter ending June 30, 2026, revealing a net loss of $61,672 for the three-month period and a total net loss of $109,270 since its inception on January 27, 2026. The losses are attributed primarily to general and administrative expenses, which totaled $61,672 for the quarter and $109,270 since inception. The company has not yet generated any revenue, as it is still in the process of preparing for its initial business combination.

In terms of liquidity, Osprey Acquisition Corp. III had $22,607 in cash and a working capital deficit of $495,412 as of June 30, 2026. The company’s financial position improved significantly following its Initial Public Offering (IPO) on July 2, 2026, where it raised gross proceeds of $300,150,000 from the sale of 30,015,000 units, including the full exercise of the underwriters' over-allotment option. Additionally, the company raised $7,470,000 from the sale of 747,000 private placement units. The proceeds from these offerings have been placed in a Trust Account, which will be utilized for the upcoming business combination.

Osprey Acquisition Corp. III has not yet engaged in any operational activities beyond its formation and the IPO. The company is classified as a non-accelerated filer and an emerging growth company, which allows it to take advantage of certain exemptions from various reporting requirements. As of the end of the reporting period, the company had 30,762,000 Class A ordinary shares and 10,254,000 Class B ordinary shares issued and outstanding. The company’s management has indicated that it expects to incur significant costs in pursuing its acquisition plans and does not anticipate generating operating revenues until after completing a business combination.

The company has also outlined its strategy for future operations, which includes using the funds from the Trust Account to finance the business combination and any associated transaction costs. Osprey Acquisition Corp. III has entered into agreements for administrative services and has established a promissory note with its sponsor to cover initial expenses. The management team remains focused on identifying and evaluating potential target businesses for acquisition, although there is no assurance that a business combination will be successfully completed.

Looking ahead, Osprey Acquisition Corp. III is positioned to leverage the capital raised through its IPO to pursue its strategic objectives. However, the company acknowledges the inherent risks associated with market conditions and the competitive landscape in which it operates, which could impact its ability to successfully complete a business combination.