10X Capital Lands $300 Million For Third SPAC Effort

Summary

  • 10X Capital Venture Acquisition Corp. III raised $300 million in gross proceeds in an IPO in January 2022.
  • The SPAC seeks to combine with a company in a broad range of technology-oriented industries.
  • The SPAC sponsor has a limited track record in SPACs, and that track record has been disappointing so far.
  • My outlook for VCXB is a Hold.
  • Looking for more investing ideas like this one? Get them exclusively at IPO Edge. Learn More »

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A Quick Take On 10X Capital III

10X Capital Venture Acquisition Corp. III (VCXB) has raised an upsized offering to $300 million from an IPO at a price of $10.00 per unit, according to the terms of

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This article was written by

21.03K Followers

Donovan Jones is a research specialist with 15 years of experience identifying opportunities for IPOs and public software companies.

He also leads the investing group IPO Edge, which offers actionable information on growth stocks through first-look IPO filings, previews on upcoming IPOs, an IPO calendar for tracking what’s on the horizon, a database of U.S. IPOs, and a guide to IPO investing to walk you through the entire IPO lifecycle - from filing to listing to quiet period and lockup expiration dates.

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Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

This report is intended for educational purposes only and is not financial, legal or investment advice. Investing in SPACs can be a volatile and opaque endeavor. My research is focused on identifying quality companies at a reasonable price, but I’m wrong sometimes. The information referenced or contained herein may change, be in error, become outdated and irrelevant, or removed at any time without notice. You should perform your own research for your particular financial situation before making any decisions. SPAC investing is subject to potential volatility and risk of loss.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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