Real estate technology SPAC Fifth Wall Acquisition III prices $250 million IPO

Fifth Wall Acquisition III, the third blank check company formed by Fifth Wall targeting real estate technology, raised $250 million by offering 25 million shares at $10. The company did not offer units with warrants attached. The company is led by CEO and Chairman Brendan Wallace, who is a co-founder and Managing Partner of Fifth Wall Ventures, and CFO and Director Andriy Mykhaylovskyy, a Managing Partner and COO of Fifth Wall. The group's other SPACs include Fifth Wall Acquisition II (FWAB), which filed this past March, and Fifth Wall Acquisition I (FWAA; +7% from $10 offer price), which went public this past February and has a pending merger agreement with home tech startup SmartRent.