Announcement • Dec 23
INSU Acquisition Corp. III(NasdaqCM:IIII) dropped from NASDAQ Composite Index INSU Acquisition Corp. III has been removed from NASDAQ Composite Index. Announcement • Nov 21
INSU Acquisition Corp. III Expects to File A Form 15 with the United States Securities and Exchange Commission to Terminate the Registration of Its Securities INSU Acquisition Corp. III announced that, because the Company will not consummate an initial business combination within the time period required by its Amended and Restated Certificate of Incorporation (the “Charter”), the Company intends to dissolve and liquidate in accordance with the provisions of the Charter, effective as of the close of business on December 22, 2022, and will redeem all of the outstanding shares of Class A common stock that were included in the units issued in its initial public offering (the “Public Shares”), at a per-share redemption price of approximately $10.09. As of the close of business on December 22, 2022, the Public Shares will be deemed cancelled and will represent only the right to receive the redemption amount. In order to provide for the disbursement of funds from the trust account, the Company will instruct the trustee of the trust account to take all necessary actions to liquidate the securities held in the trust account. The proceeds of the trust account will be held in a non-interest bearing account while awaiting disbursement to the holders of the Public Shares. Record holders will receive their pro rata portion of the proceeds of the trust account, less $100,000 of interest to pay dissolution expenses and net of taxes payable, by delivering their Public Shares to Continental Stock Transfer & Trust Company, the Company’s transfer agent. Beneficial owners of Public Shares held in “street name,” however, will not need to take any action in order to receive the redemption amount. The redemption of the Public Shares is expected to be completed within ten business days after December 22, 2022. The Company’s sponsors have agreed to waive their redemption rights with respect to their outstanding shares of Class B common stock issued prior to the Company’s initial public offering. There will be no redemption rights or liquidating distributions with respect to the Company’s warrants, which will expire worthless. The Company expects that the Nasdaq Stock Market LLC will file a Form 25 with the United States Securities and Exchange Commission (the “Commission”) to delist the Company’s securities. The Company thereafter expects to file a Form 15 with the Commission to terminate the registration of its securities under the Securities Exchange Act of 1934, as amended. The Company anticipates that the Public Shares, as well as the Company’s publicly traded units and warrants, will cease trading as of the close of business on December 21, 2022. Announcement • Apr 09
INSU Acquisition Corp. III announced that it has received $1.5 million in funding from Insurance Acquisition Sponsor III, LLC, Cohen & Company, LLC, Dioptra Advisors III, LLC On April 8, 2022, INSU Acquisition Corp. III closed the transaction. The company amended the terms of the transaction. The company received $1,500,000 in the transaction with $690,000 in its second and final tranche. 
