Liquidated · 11 Aug 2023CPAAU · NasdaqCIK 1841137Sponsor at IPO: Conyers Park III Sponsor LLC

Conyers Park III Acquisition Corp.

$357MTrust raised at IPO

IPO9 Aug 2021
Searching24 months
Deal announced—
Liquidated11 Aug 2023

Tavia Read What stands out, from the filings · snapshot 14

01
Larger than 88% of 2021’s SPAC IPOs.
$357M raised, against a median of $239M for the 610 SPACs that priced in 2021.
02
The trust was liquidated.
Public shares were redeemed and the SPAC did not complete a merger.

Worked out from checked figures in snapshot 14 · no forecasts or advice

Key terms

Other 2021 SPAC IPOs →

IPO priced: 9 Aug 2021
IPO closed: 12 Aug 2021
Raised: $357M¹
Units sold: 35,700,000¹
Trust raised: $357M²
Trust per unit: $10.00³
Unit: 1 sh + ⅓ warrant⁴
Months to complete: 24⁵
Deadline before extensions: 12 Aug 2023
Over-allotment: Exercised in part

Each unit: “one share of Class A common stock and one-third of one warrant”

How it compares

Conyers Park III Acquisition Corp. against the 610 SPACs that priced in 2021.

Raised: $357M; 88% of 2021 SPACs are below it; 2021 median: $239M
Trust per unit: $10.00; 63% of 2021 SPACs match it; 2021 median: $10.00
Months to complete: 24; 56% of 2021 SPACs match it; 2021 median: 24

Trust and redemptions

No extension or merger vote with paid redemptions is on record for this SPAC yet.

Firms named in the prospectus

Bookrunners

Other SPACs from Conyers Park

Conyers Park’s track record →

Conyers Park has brought 2 SPACs to market since 1 January 2019, $807M in all: 1 completed, 1 liquidated. 1 of the 2 that reached an end completed a merger.

No SPAC named Conyers Park I is in our data. It either priced before 1 January 2019, came to market under another name (SPACs are listed by their name at IPO), never came to market, or is not yet in an approved snapshot, so this record may understate the sponsor.

SPAC	IPO	Raised	Status	Outcome	Months
Conyers Park III Acquisition Corp. This SPAC	9 Aug 2021	$357M	Liquidated	Trust liquidated	24
Conyers Park II Acquisition Corp.IPO before 2021	17 Jul 2019	$450M	Completed	Advantage Solutions Inc. (ADV)	15

Months: from the IPO to the merger’s closing or the liquidation. SPACs are grouped by sponsor when their names, or their sponsor entities, match once the legal form and series numeral are taken off.

Peers

Other 2021 SPAC IPOs with Deutsche Bank Securities Inc. as bookrunner.

SPAC	IPO	Raised	Unit	Status
New Providence Acquisition Corp. II	4 Nov 2021	$250M	1 sh + ⅓ warrant	Liquidated
AfterNext HealthTech Acquisition Corp.	11 Aug 2021	$250M	1 sh + ⅓ warrant	Liquidated
Bilander Acquisition Corp.	15 Jul 2021	$169M	1 sh + ¼ warrant	Liquidated
Fifth Wall Acquisition Corp. III	24 May 2021	$275M	Shares only	Completed
TPG Pace Beneficial II Corp.	13 Apr 2021	$400M	Shares only	Liquidated

Sources

PFinal prospectus: 0001213900-21-041704
1Gross proceeds: 0001213900-21-044618After giving effect to the exercise of the option, an aggregate of 35,700,000 units have been issued in the initial public offering at an aggregate offering price of $357,000,000.
2Trust raised: 0001213900-21-044618Continental Stock Transfer & Trust Company acting as trustee, bringing the aggregate proceeds held in the Trust Account to $357,000,000.
3Trust per unit: 0001213900-21-041704$350.0 million, or $402.5 million if the underwriters’ over-allotment option is exercised in full ($10.00 per unit in either case), will be deposited into a U.S.-based trust account
4Unit composition: 0001213900-21-041704Each unit has an offering price of $10.00 and consists of one share of our Class A common stock and one-third of one warrant.
5Months to complete: 0001213900-21-041704If we are unable to complete our business combination within 24 months from the closing of this offering, we will redeem 100% of the public shares

Each quote is found word for word in the filing it cites. Where a figure here differs from the filing, the filing prevails.

How the figures are compiled

Which IPOs. Every final IPO prospectus (Form 424B4 or 424B1, or a 424B3 when it is the first prospectus filed on an S-1 or F-1 registration within 10 days of it going effective) filed on SEC EDGAR from the history start, by a registrant whose SIC code was 6770 (blank checks) on the filing date. Offerings that are not exchange-listed SPAC IPOs are excluded when the prospectus is read. The window starts on 1 January 2021.
Dated by. The date of the final prospectus.
Raised. Units sold to the public, including over-allotment units, times the unit price, as stated in the SPAC's 8-K reports after the IPO.
Trust. The trust held for public shareholders after the IPO and any over-allotment: trust per unit times public units, as stated in the SPAC's filings. Cash deposited in trust and then moved out as working capital is not counted.
Bookrunners. Firms the prospectus names as book-running managers; where it names none, the firm it names as sole underwriter or representative of the underwriters. Only the prospectus's own wording counts, not later 8-K reports. Each IPO's gross proceeds are split equally among its bookrunners.
Counsel and auditors. Issuer counsel and underwriters' counsel as named in the prospectus's Legal Matters section; the auditor as named in its Experts section. Each is credited with the IPO's full gross proceeds.
Unit structure. What one unit consists of, as the prospectus states it: a share with warrants, with rights, with both, or a share alone (shares-only offerings sell no units). Warrants per unit is the fraction of a warrant in each unit; rights are measured as the fraction of a share they convert into per unit.
Trust per unit. Dollars placed in the trust account for each unit sold to the public, as the prospectus states it.
Time to complete. Months from the IPO closing that the SPAC has to complete its business combination before any extension, as the prospectus states it.
Over-allotment. Whether the underwriters bought all, part or none of the over-allotment option, comparing units sold with the base offering and the option.
Votes. Shareholder votes to extend a SPAC's deadline or to approve its business combination, as reported in its 8-Ks (Item 5.07), for the SPACs in the IPO statistics only: SPACs that priced before the history start are not included, so votes in the first years under-represent the market. Only redemptions actually paid count: votes on a proposal that failed, or an extension that was approved but never took effect, are left out (redemption requests lapse with them), and a merger vote counts only when the deal closed, and only the last merger vote before the closing, since merger redemptions are paid at closing. Liquidation votes are left out too, as every public share is redeemed by definition.
Redemption rate. Public shares redeemed at a vote over public shares outstanding just before it. Shares redeemed are as an 8-K, or failing that the next 10-Q or 10-K, states them. Shares before are as a filing states them, or redeemed plus the shares left after, or carried from the IPO's public shares and earlier votes. The median is the typical vote; the weighted rate divides all shares redeemed by all shares before, the share of public money that left the trusts. A vote counts only when each of these figures is verified or accepted. Votes whose redemption count no filing states, after a search of the SPAC's and the combined company's filings, are counted as not disclosed rather than estimated.
Outcomes. Where each SPAC stands as of the snapshot: completed (business combination closed), liquidated (trust returned and redeemed), deal pending (agreement signed, not closed) or searching (no agreement in force). Grouped by the year the SPAC priced its IPO. Awaiting review means its status is still being checked.
Closings. Completed business combinations by year of closing. The sector is the SEC's industry code (SIC) of the combined company, grouped into broad sectors; months from IPO run from the prospectus date to the closing.
Checking. A SPAC counts only when every required figure is verified (quote found verbatim in the filing and all cross-checks pass) or accepted by a named reviewer.
Coverage. 1,077 of the 1,089 SPAC IPOs read are counted; 12 wait on a figure still under review and 11 filings were excluded as not exchange-listed SPAC IPOs.

Compiled from SEC filings with the assistance of AI · figures as of 3 November 2026

For information only. These figures are compiled from SEC filings with the assistance of AI. Although they are checked against those filings, they may contain errors or omissions and have not been audited; where they differ from the filings, the filings prevail. They are not an offer to sell, a solicitation of an offer to buy, or a recommendation of any security. Information about any SPAC is qualified in its entirety by its filings with the SEC, available at www.sec.gov.

Larger than 88% of 2021’s SPAC IPOs.

The trust was liquidated.