Hudson Executive Investment Corp. III

Hudson Executive Investment Corp. III

HIII
Hudson Executive Investment Corp. IIIUS flagNASDAQ Capital Market
10.08
USD
-0.02
- -
No data availableFinancial data will appear here once available

Capital Structure

FRC

in mil. unless spec.
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Working Capital

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Growth Rates

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Quarterly Revenue

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Quarterly Earnings Per Share

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Quarterly Dividends Per Share

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Company Description

APIChatGPT
CEO
Douglas Lee Braunstein
Sector
Financial Services
Industry
Shell Companies
Address
570 Lexington Avenue New York City NY United States of America 10022
IPO Date
Apr 16, 2021
Website
heic3.com
Business
Hudson Executive Investment Corp. III (HIII) is a blank check company, or special purpose acquisition company (SPAC), formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company does not have significant operations and generates no revenue; it maintains a trust account holding approximately $600 million raised from its initial public offering in February 2021, which trades on the Nasdaq under the ticker HIII with units listed as HIII.U. It targets opportunities across various industries, including technology-driven disruptive companies with growth potential, financial services segments such as banking and asset management; it operates primarily from its headquarters at 570 Lexington Avenue, 35th Floor, New York, New York 10022, where it was incorporated in 2020. In a major development, the company announced its liquidation in November 2022 after failing to complete an initial business combination by its deadline, with distributions of $10.10 per share to public shareholders occurring around December 21, 2022; despite this, shares continue to trade at approximately $10.08 with a market capitalization of around $756 million as of recent data. No subsidiaries, parent relationships, or subsequent mergers have been reported post-liquidation, though the sponsor team maintains activity in related SPAC efforts.