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Fifth Wall Debuts Third SPAC, Hopes To Raise $250M


Fifth Wall Ventures, an investment company that focuses on real estate technology, has launched a new special purpose acquisition company, which is a type of firm that is designed to merge with another corporation that wants to go public.
The new company is called Fifth Wall Acquisition III, and as its name suggests, is the third special purpose acquisition company, also known as a SPAC or blank check company, that Fifth Wall has launched. The first was announced in January and went public in February. Fifth Wall announced its second SPAC in March.
According to new documents Fifth Wall filed with the U.S. Securities and Exchange Commission, this latest SPAC will issue 25 million shares and sell them for $10 a piece. The goal is to raise $250 million. ....

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