Oaktree Acquisition Corp. III's Class A Shares and Warrants Update

Oaktree Acquisition Corp. III Life Sciences Announces New Trading Options

Oaktree Acquisition Corp. III Life Sciences, a prominent player in the financial and life sciences sectors, recently announced an exciting update for investors. Starting from December 16, 2024, shareholders have the option to trade their Class A ordinary shares and warrants separately from the units they acquired during the company's initial public offering.

Trading Information and Symbols

Investors who wish to separate their units are encouraged to contact their brokers to facilitate this process. The company’s units, which include shares and warrants, will continue to be traded on the Nasdaq Global Market under the symbol “OACCU.” Meanwhile, once separated, the Class A ordinary shares and warrants will trade under the symbols “OACC” and “OACCW,” respectively.

Details of the Initial Offering

The initial public offering was underwritten, with notable institutions like Jefferies LLC, Citigroup Global Markets Inc., and UBS Investment Bank serving as the joint book-running managers. The effective date for the registration statement related to these securities was officially noted and approved by the U.S. Securities and Exchange Commission.

Understanding the Company’s Structure

In essence, this initiative highlights Oaktree Acquisition Corp. III's commitment to providing more flexibility and options for investors. While the units remain intact and trade under the earlier established symbol, the ability to separate shares and warrants gives holders additional avenues for their investments. Importantly, only whole warrants will be available for trading post-separation, as fractional warrants will not be issued.

About Oaktree Acquisition Corp. III Life Sciences

Oaktree Acquisition Corp. III Life Sciences is a specialized acquisition vehicle backed by Oaktree Capital Management. This company stands as the third such entity from Oaktree and builds on previous successes, including mergers with Hims & Hers, a leading healthcare business, and Alvotech, a distinguished player in the biosimilars domain.

Having committed approximately $5 billion across 51 investments in life sciences since 2013, Oaktree aims to leverage this expertise with a dedicated team comprising diverse professionals from healthcare, finance, and investment backgrounds.

Investment Philosophy

Oaktree emphasizes a strategy that blends operational insight with thorough diligence, ensuring that their pursuits in the life sciences sector are not only strategic but also sustainable for long-term growth. The scale of Oaktree’s commitment to this sector signifies a robust approach to investment opportunities that are in alignment with market demands.

Looking Ahead

As Oaktree Acquisition Corp. III Life Sciences continues to evolve and respond to market changes, their proactive measures in trading separation serve as a testament to their commitment. Investors can look forward to ongoing updates and opportunities as the company forges ahead in the dynamic life sciences landscape.

Frequently Asked Questions

What is the significance of separating shares and warrants?

This option gives investors flexibility to manage their holdings based on market conditions, allowing for tailored investment strategies.

Will fractional warrants be issued after separation?

No, only whole warrants will be available for trading after the units are separated.

What symbols will the separated shares and warrants use?

Class A ordinary shares will trade under “OACC” and the warrants will trade under “OACCW.”

Who were the underwriters for the IPO?

Jefferies LLC, Citigroup Global Markets Inc., and UBS Investment Bank were the joint book-running managers for the offering.

What is Oaktree’s focus in terms of investments?

Oaktree focuses on life sciences investments, with a heavy emphasis on sustainable practices and operational expertise to drive growth.

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