JATT III Acquisition Corp (JATT III) has completed its initial public offering (IPO) and filed an audited balance sheet as of August 27, 2026. The blank check company sold 6,900,000 ordinary shares at a price of $10.00 per share, generating gross proceeds of $69,000,000. The offering included the full exercise of the underwriter's over-allotment option for 900,000 shares.
Simultaneously with the IPO, the company completed a private placement of 234,000 ordinary shares to JATT Ventures III L.P. at $10.00 per share, raising an additional $2,340,000 in gross proceeds.
According to the filing, a total of $69,000,000 from the net proceeds of the IPO and private placement was deposited into a trust account. The trust account is managed by Odyssey Transfer and Trust Company and will be invested in U.S. government treasury obligations or money market funds until the company completes a business combination or returns capital to shareholders.
The company has not commenced operations and anticipates no operating revenue until after a business combination is finalized. The filing includes an opinion from the independent registered public accounting firm WithumSmith+Brown, which stated that the balance sheet presents fairly the financial position of the company as of August 27, 2026.
