GSR III Acquisition Corp. Announces $112.6 Million in Available Cash Following Shareholder Redemption Update Ahead of Terra Innovatum Merger
GSR III Acquisition Corp. has provided an update on its planned business combination with Terra Innovatum s.r.l., an Italian limited liability company. According to GSR III, shareholders holding a total of 6,750,031 Class A ordinary shares opted not to redeem their shares by the October 3, 2025 deadline, resulting in approximately $70.1 million remaining in trust. The company estimates that, following the completion of the transaction, the combined entity will have about $112.6 million in available cash, which includes the post-redemption trust proceeds and roughly $42.5 million from private placement and bridge loan financings.
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