Supernova Partners Acquisition Company III, Ltd.
STRE
New York Stock Exchange10.23
USD
-0.03
- -
CIK
0001838361
CUSIP
G8T90F102
Return %
Stock
S&P500
1Y
4.07
18.21
3Y
4.92
63.29
5Y
4.92
74.90
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
- Robert D. Reid
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 4301 50th Street NW Washington DC United States of America 20016
- CIK
- 0001838361
- Website
- stre.supernovaspac.com
- Similar Companies
- Business
- Supernova Partners Acquisition Company III, Ltd. operates as a special purpose acquisition company (SPAC) formed with the primary objective of effecting mergers, share exchanges, asset acquisitions, share purchases, reorganizations, or similar business combinations with one or more businesses. The company does not engage in any operational business or generate revenue independently. It targets the technology sector, focusing on partnering with companies in the Internet, consumer, media, and related technology businesses. Founded with headquarters in Washington, District of Columbia, Supernova Partners Acquisition Company III, Ltd. primarily functions as an investment vehicle designed to acquire, build, operate, and scale businesses in dynamic environments. The company's main function is to raise capital through public offerings to facilitate future acquisitions in the specified focus areas. Its core service is conducting initial public offerings (IPO) to amass funds for subsequent merger or acquisition activities. Supernova Partners Acquisition Company III, Ltd. completed an IPO raising approximately $250 million. However, in March 2023, the company announced the redemption of all its outstanding Class A ordinary shares, effectively indicating it would not consummate an initial business combination within the required timeframe. Consequently, the company proceeded with delisting its shares from the New York Stock Exchange and terminating registration of its securities. The company remains structured as a blank check entity, awaiting future opportunities for business combination in its target sectors without active operational products or services. Recent major changes include the redemption of public shares, voluntary delisting from the NYSE, and ceasing pursuit of a business combination as of 2023, marking a significant operational shift. There has been no recent launch of products or new service offerings, reflecting the nature of the company’s strategic position as a SPAC that did not finalize a merger transaction. The company's strategic focus remains on identifying potential technology-sector targets for future acquisitions or partnerships despite the recent operational pause and share redemption activities. Supernova Partners Acquisition Company III, Ltd. is part of the broader Supernova Partners acquisition group and operates under the regulatory and capital market frameworks pertinent to SPACs in the United States and other relevant jurisdictions. Its operations and strategic initiatives are predominantly concentrated in the technology, Internet, and consumer media sectors targeting growth-oriented tech companies. The company was established to leverage capital markets for technology business acquisitions and maintains a corporate structure aimed at maximizing shareholder value through such acquisitions. This description includes the company's function, main products and services as a blank check acquisition vehicle, geographic and sector focus, founding and headquarters details, and recent significant developments involving share redemption and delisting activities.