HLXC

Helix Acquisition Corp. III operates as a special purpose acquisition company (SPAC) formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in New York. As a blank check company, HLXC does not have operations of its own but raises capital through an initial public offering to acquire or merge with an existing operating company, thereby taking that target company public. The SPAC is sponsored by Helix Holdings and focuses on identifying potential business combination targets across various sectors. Helix Acquisition Corp. III completed its IPO in February 2021, raising approximately $250 million through the sale of 25 million units at $10.00 per unit. Each unit consists of one share of Class A common stock and one-third of one redeemable warrant. The company typically has a limited timeframe, generally 18 to 24 months from its IPO, to complete an initial business combination, though extensions may be granted through shareholder approval. HLXC operates under the leadership of experienced management and board members who leverage their industry expertise and networks to source and evaluate potential acquisition targets.