SOFTWARE ACQUISITION

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SOFTWARE ACQUISITION GROUP INC. III : Entry into a Material Definitive Agreement, Financial Statements and Exhibits (form 8-K)

08/06/2021 | 04:17pm

Item 1.01. Entry into a Material Definitive Agreement.



On August 2, 2021, Software Acquisition Group Inc. III, a Delaware corporation
(the "Company"), consummated its initial public offering (the "IPO") of
20,000,000 units (the "Units"). Each Unit consists of one share of Class A
common stock of the Company, par value $0.0001 per share ("Class A Common
Stock"), and one half of one redeemable warrant of the Company (each whole
warrant, a "Warrant"), with each whole Warrant entitling the holder thereof to
purchase one share of Class A Common Stock for $11.50 per share. The Units were
sold at a price of $10.00 per Unit, generating gross proceeds to the Company of
$200,000,000. The Company granted the underwriters in the IPO, a 45-day option
to purchase up to 3,000,000 additional Units solely to cover over-allotments, if
any.



On August 2, 2021, simultaneously with the consummation of the IPO, the Company
completed the private sale (the "Private Placement") of an aggregate of
9,000,000 Warrants (the "Private Placement Warrants") to Software Acquisition
Holdings III LLC
(the "Sponsor"), generating gross proceeds to the Company of
$9,000,000. Each of the Private Placement Warrants are exercisable to purchase
one share of Class A Common Stock at a price of $11.50 per share.



A total of $203,000,000 representing the net proceeds from the sale of the Units
and the Private Placement Warrants was placed in a U.S.-based trust account at
Morgan Stanley, maintained by Continental Stock Transfer & Trust Company, acting
as trustee.



An audited balance sheet as of August 2, 2021 reflecting receipt of the proceeds
upon consummation of the IPO and the Private Placement has been issued by the
Company and is included as Exhibit 99.1 to this Current Report on Form 8-K.



Item 9.01 Financial Statements and Exhibits.



(d) Exhibits



The following exhibits are filed herewith:




Exhibit No. Description
99.1 Audited Balance Sheet as of August 2, 2021




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