Winston & Strawn represented SPAC Advisory Partners, a division of Kingswood Capital Partners, as underwriters’ counsel, in connection with GSR III Acquisition, a blank check company, in the closing of its initial public offering of 20 million units at a price of $10 per unit, for aggregate gross proceeds of $200 million, which closed on Nov. 7, 2024. GSR III granted the underwriters a 45-day option to purchase up to an additional 3 million units at the initial public offering price to cover over-allotments, if any. SPAC Advisory Partners is acting as the sole underwriter for the initial public offering.
The Winston team included Mike Blankenship, lead partner in Houston; Jeremy Jaewon Chang, associate in New York; Hannah Miller, associate in Houston; Robbie Oakes, associate in Houston; and Pete Staviski, associate in Houston.
