GSR III Acquisition Corp.
NASDAQ Global MarketCapital Structure
•
in mil. unless spec.Working Capital
•
in mil. unless spec.Growth Rates
•
in mil. unless spec.Quarterly Revenue
•
in mil. unless spec.Quarterly Earnings Per Share
•
in mil. unless spec.Quarterly Dividends Per Share
•
in mil. unless spec.- CEO
- Gus Garcia
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 5900 Balcones Drive Austin TX United States of America 78731
- IPO Date
- Dec 19, 2024
- CIK
- 0002029023
- Similar Companies
- Business
- GSR III Acquisition Corp. is a publicly traded special purpose acquisition company (SPAC) primarily focused on acquiring and merging with businesses in the technology and technology-enabled services sectors. The company aims to leverage its management team's expertise in SPAC-related mergers, acquisitions, and capital markets advisory to identify high-growth targets particularly in software, mobility, transportation, and environmentally conscious industries. GSR III is incorporated in the Cayman Islands and targets companies with leading market positions, strong revenue visibility, and sustainable competitive advantages. Recently, GSR III announced a definitive business combination with Terra Innovatum Srl, a developer of micro-modular nuclear reactors, which is expected to close in the second half of 2025. Terra Innovatum specializes in the design and commercialization of SOLO™ micro-modular reactors, which provide zero-carbon, cost-efficient, and reliable power solutions for diverse applications including data centers, mini-grids for remote communities, and industrial operations in carbon-intensive sectors such as cement, oil and gas, steel, and mining. The transaction, valued at a $475 million pre-money equity valuation, secured over $40 million in private investment in public equity financing to accelerate the deployment of Terra Innovatum’s first-of-a-kind micro-modular nuclear reactor technology, targeting commercial scale production by 2028. Post-combination, the company will operate under the name Terra Innovatum and is expected to trade on Nasdaq under the ticker symbol NKLR. GSR III's recent strategic shifts include this acquisition and the establishment of strategic partnerships with TechSource Inc. and Paragon Energy Solutions to facilitate regulatory progress, enhance customer acquisition, and integrate advanced control systems for the reactors in the U.S. The company’s business combination marks a transition from a SPAC to a technology-driven clean energy company headquartered in Austin, Texas, with global operations focused on nuclear innovation aimed at addressing ESG concerns through sustainable power generation solutions. This transformation anchors GSR III’s role in advancing clean technology while expanding its footprint in nuclear micro-reactor development and deployment.
Terra Innovatum Announces Closing of Business Combination with GSR III Acquisition Corp. and Commencement of Trading on Nasdaq
Terra Innovatum and GSR III Acquisition Corp. Announce Shareholder Approval of Business Combination with $130 Million of Total Proceeds Expected at Close
Terra Innovatum and GSR III Acquisition Corp. Secure Additional $5 million PIPE Commitment, Totaling $42.5 Million in Equity Financing for Business Combination
Terra Innovatum Announces Strategic Alliance with Defense Engineering Center, RAIT 88, to Accelerate Global Commercialization of SOLO™ Micro-Modular Nuclear Reactors
Terra Innovatum and GSR III Acquisition Corp. Remind Shareholders to Vote and Approve the Business Combination Prior to the October 7 Extraordinary General Meeting of Shareholders
TerraInnovatum Partners with Ameresco to Jointly Pursue Public-Private Commercial Opportunities in the U.S. and Global Markets to Deploy SOLO Micro-Modular Reactors
Terra Innovatum Partners with Ameresco to Jointly Pursue Public-Private Commercial Opportunities in the U.S. and Global Markets to Deploy SOLO Micro-Modular Reactors
Terra Innovatum Advances U.S. NRC Licensing Process with Accelerated Regulatory Submissions for SOLO™ Reactor
Terra Innovatum and GSR III Acquisition Corp. Announce Effectiveness of S-4 and Set Extraordinary General Meeting Date to Approve Business Combination
Terra Innovatum Advances USNRC Licensing Process for SOLO Micro-Modular Nuclear Reactor, Moving One Step Closer to Commercialization
Terra Innovatum to Participate at 45th Annual Canaccord Growth Conference
Terra Innovatum SOLO(TM) Design Aligns with U.S. NRC's Recent Considerations of Streamlined Licensing Path for Proliferation-Resistant Micro-Modular Reactors
Terra Innovatum to Participate in Upcoming H.C. Wainwright Virtual Conference on July 15, 2025