10:49 AM EST, 11/07/2024 (MT Newswires) -- GSR III Acquisition (GSRT) said Thursday it priced its initial public offering of 20 million units at $10 apiece for $200 million in gross proceeds.

The blank-check company said IPO underwriters have a 45-day over-allotment option to acquire up to 3 million additional units.

Each unit comprises one class A ordinary share and one-seventh of one right.

The units will start trading on the Nasdaq Global Market Thursday under the ticker symbol GSRTU, while its shares and rights are expected to be listed under the symbols GSRT and GSRTR, respectively.

GSR III Acquisition expects the offering to close Friday.