INSU Acquisition Corp. III is a Delaware-incorporated special purpose acquisition company (SPAC) trading on the OTC Markets under the ticker symbol IIIIU. The company was formed in February 2021 with the primary objective of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses in the global insurance sector.
Capital raised through an initial public offering is held in a trust account pending the identification and consummation of an appropriate business combination. INSU Acquisition Corp. III seeks targets across the spectrum of insurance-related industries, including reinsurance, insurtech, managing general agencies, brokerage and other insurance services. The SPAC structure provides private companies in these segments a pathway to access public markets and secure growth capital.
As a blank-check company, INSU Acquisition Corp. III does not currently generate operating revenues and has not yet announced a definitive transaction. Upon completion of a qualifying business combination, the company intends to transition to an operating public entity, leveraging its public-market listing to support organic growth, strategic acquisitions and operational enhancements for the combined business.
Corporate governance is provided by a board of directors and management team with extensive backgrounds in underwriting, capital markets and insurance operations. The leadership group aims to capitalize on its industry relationships and domain expertise to identify compelling acquisition opportunities and drive long-term value creation for shareholders.
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