Colombier Acquisition Corp III (NASDAQ: CLBR) is a blank check special purpose acquisition company (SPAC) incorporated to identify and complete a merger or acquisition with an unspecified target business. It makes no revenue from operations. Instead, it raised $299,000,000 through an Initial Public Offering that closed February 5, 2026, placing $299,000,000 (comprising $298,825,000 in IPO proceeds and $175,000 from a concurrent Private Placement to its Sponsor) into a U.S.-based Trust Account maintained by Continental as trustee. Trust funds are invested exclusively in U.S. government securities with maturities of 185 days or less, qualifying money market funds, uninvested cash, or demand deposit accounts at U.S. chartered commercial banks with at least $100 billion in consolidated assets. CLBR has until February 5, 2028, extendable to May 5, 2028 under certain conditions, to consummate an initial Business Combination. If no Business Combination is completed, proceeds are returned to public shareholders. As of March 31, 2026, the company remained in its pre-combination search phase.

Revenue model

No operating revenue. Income, if any, is generated from interest and returns on Trust Account investments in U.S. government securities or qualifying money market funds while the company searches for an acquisition target.

Products and services

Single product: Public Units sold in the IPO, each consisting of one Class A Ordinary Share and one-eighth of one Public Warrant. The Sponsor also purchased 150,000 Private Placement Units at $10.00 per unit, generating $1,500,000 in gross proceeds, as of February 5, 2026.

Customers and end markets

Public Shareholders who purchased Class A Ordinary Shares in the IPO or open market. The Sponsor is the sole purchaser of Private Placement Units. No end-market customers exist as CLBR has no operating business as of the filing date (10-Q, filed 2026-05-13).

Value-chain role

SPAC sponsor-vehicle. Colombier Acquisition Corp III serves as the acquisition vehicle; it raises capital from public investors, holds funds in trust, and seeks a private operating company to take public through a Business Combination.

Geographic exposure

Incorporated and operating in the United States. Trust Account held in the United States. No specific target geography identified in the filing excerpts.

Source: SEC 10-Q, filed 2026-05-13

Industry: Blank Checks