Hudson Executive Investment Corp. III was established as a special purpose acquisition company, or SPAC, in 2020, with its operations based in New York. The entity was formed to pursue a business combination, such as a merger, asset acquisition, or stock exchange, with one or more enterprises. It specifically aimed to identify opportunities among technology-focused, disruptive companies, or established businesses exhibiting attractive cash flow and sustainable growth. The company successfully completed its initial public offering in February 2021, raising $600 million. However, Hudson Executive Investment Corp. III announced its dissolution and liquidation in November 2022, as it did not complete a qualifying business combination within the designated timeframe. Shareholders received approximately $10.10 per public share in December 2022, while the associated warrants expired without value.