CC Neuberger Principal Holdings III
PRPC
New York Stock Exchange10.95
USD
-0.01
- -
CIK
0001821329
ISIN
KYG1992N1007
CUSIP
G1992N100
Return %
Stock
S&P500
1Y
8.85
18.21
3Y
12.42
64.38
5Y
12.42
72.43
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Chinh E. Chu
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 200 Park Avenue New York City NY United States of America 10166
- IPO Date
- Mar 30, 2021
- CIK
- 0001821329
- Website
- ccnbprincipal.com
- Similar Companies
- Business
- CC Neuberger Principal Holdings III CC Neuberger Principal Holdings III operates as a blank check company, or special purpose acquisition company (SPAC), whose sole purpose is to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or assets. The company has no significant current operations or revenue-generating activities and does not own or operate any products, services, or subsidiaries; instead, it maintains trust proceeds from its initial public offering for deployment in a target acquisition, with a focus on industries featuring compelling long-term growth, attractive competitive dynamics, consolidation opportunities, low technological obsolescence risk, high entry barriers, recurring revenue streams, and operational improvement potential. Incorporated in the Cayman Islands in 2020 and headquartered in New York, New York, it targets opportunities without geographic or industry limitations and counts approximately four employees. The company launched its IPO in February 2021, raising $402.5 million through 40.25 million units at $10 each, supported by senior professionals from CC Capital and Neuberger Berman. It represents the third SPAC sponsored by affiliates of these firms, following CC Neuberger Principal Holdings I and II, with leadership including CEO Chinh E. Chu of CC Capital. In November 2023, CC Neuberger Principal Holdings III announced its decision to liquidate after failing to complete a business combination or secure further extensions beyond the deadline, resulting in the suspension of trading, redemption of shares at approximately $10.93 per share, and cessation of all operations except those required for wind-down as of November 5, 2023; however, as of mid-2025, its shares continue to appear in select trading data with a market capitalization around $215 million and no reported merger, acquisition, or revival activity.