Colombier Acquisition Corp. III CLBR

Colombier Acquisition Corp. III is a blank check company 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 the Cayman Islands on August 15, 2025. Its sponsor is Colombier Sponsor III LLC. Although not limited to a specific industry, the company intends to focus on a target business where the management team's expertise can provide a competitive advantage. As an early-stage emerging growth company, it is subject to risks associated with such entities and expects to incur significant costs in pursuing its acquisition plans.

The company generates no operating revenue to date. Its activities since inception have been limited to organizational efforts and activities related to the initial public offering and the identification and evaluation of prospective acquisition candidates. The company completed its initial public offering on February 5, 2026, selling 29,900,000 public units at $10.00 per unit, generating gross proceeds of $299,000,000. Simultaneously, it sold 150,000 private placement units to the sponsor at $10.00 per unit, generating $1,500,000 in gross proceeds. The net proceeds from the offering, along with the private placement proceeds, were placed in a trust account invested in U. S. government securities or money market funds. The company earns interest income on these trust account investments, which constitutes its only source of non-operating income.

The company operates through the following segments:

As a blank check company, Colombier Acquisition Corp. III does not yet have an established position within any specific industry. Its competitive advantage in pursuing a business combination will depend on the expertise of its management team and sponsor, which it believes will allow it to identify and complete a transaction in a favorable sector. The company faces competition from numerous other special purpose acquisition companies seeking similar target businesses. Success will depend on its ability to complete a business combination within the prescribed timeframe and deliver value to shareholders post-transaction.

Colombier Acquisition Corp. III currently has no customers or revenue-generating operations. The company serves no specific customer base as it has not yet completed a business combination. Its current activities are focused on identifying and evaluating potential target businesses for acquisition. Once a business combination is completed, the company will serve whatever customer base the acquired business or businesses serve, which has not yet been determined.