Atlas Crest Investment Corp. III

General Information
Business:

(Note: Atlas Crest Investment Corp. III withdrew its SPAC IPO plans in an SEC filing dated Oct. 25, 2022. This blank check company – the fifth SPAC formed by Moelis & Company – filed its S-1 on March 2, 2021, under the name, Atlas Crest Investment V. This SPAC had previously updated its S-1 filing on March 16, 2022, when it changed its name to Atlas Crest Investment Corp. III. Each unit was to have consisted of one Class A ordinary share and one-fourth of one redeemable warrant.) 

We intend to focus on a target in an industry which complements our management team’s expertise, as well as the expertise of our board members and the expertise of our sponsor’s management team, and which will benefit from our strategic and operational value add. We believe the diverse experience and extensive relationship network of our management team, board and sponsor will drive particularly attractive investment opportunities in certain high-growth sectors, including media, FinTech/payments (financial technology), software and technology enabled services, online gaming/sports betting, healthcare and disruptive consumer. (Incorporated in the Cayman Islands)
Ken Moelis, the founder and CEO of Moelis & Company, is the chairman of our board of directors. During his career, Mr. Moelis has helped build and manage three of the most successful financial services growth stories of the past three decades. In 2007, Mr. Moelis founded Moelis & Company. In 2014, he led Moelis’ initial public offering (“IPO”) while being named EuroMoney’s Banker of the Year. Since its IPO, Moelis has organically grown revenues by over 275% and has generated a total shareholder return of over 250%, including quarterly and special dividends, eclipsing its peer group and major financial indices.  Moelis is a leading independent investment banking and advisory firm which provides advice on mergers and acquisitions, financial restructurings, valuation and capital structure, as well as provides public and private debt and equity placement solutions, to companies, institutions and governments. His previous experience includes six years – from 2001 to 1007 – at UBS, where he was the president of UBS Investment Bank. Before joining UBS, Mr. Moelis was Head of Corporate Finance at Donaldson, Lufkin & Jenrette (“DLJ”), where he worked from 1990 through 2000. 
Michael Spellacy, a former senior managing director at Accenture, is our CEO. Mr. Spellacy has extensive experience in technology, data and analytics, capital markets and private equity. He has worked as an investor, investment banker and consultant. Most recently, Mr. Spellacy was a Senior Managing Director at Accenture plc and Global Industry Leader of Accenture Capital Markets where he was responsible for the industry group’s overall vision, strategy and investment priorities while overseeing Accenture’s Asset Management, Wealth Management and Investment and Trading businesses. Accenture plc is a multinational Fortune Global 500 professional services firm with 2021 revenues of over $50 billion. Before joining Accenture, Mr. Spellacy was a Partner at Broadhaven Capital, a prominent independent investment bank and private equity investor servicing the financial services and technology sectors. Previously, Mr. Spellacy was a Senior Executive, Management Committee Advisor at Bridgewater Associates (“Bridgewater”), a widely recognized asset manager. Mr. Spellacy led Bridgewater’s $130 billion assets under management transformation program. Prior to Bridgewater, Mr. Spellacy was a Partner and Managing Director at the Boston Consulting Group (“BCG”) where he led the firm’s global Alternative Investments Practice, providing strategic business advisory services to global asset managers, sovereign wealth funds and asset owners.

Industry: BLANK CHECK
Employees: 0
Founded: 2021
Contact Information
Address 399 Park Ave. New York, New York 10022
Phone Number (212) 883-3800
Web Address
View Prospectus: Atlas Crest Investment Corp. III
Financial Information
Market Cap $250.0mil
Revenues $0 mil (last 12 months)
Net Income $0 mil (last 12 months)
IPO Profile
Symbol ACCC.U
Exchange NYSE
Shares (millions): 20.0
Price range $10.00 - $10.00
Est. $ Volume $200.0 mil
Manager / Joint Managers Cantor Fitzgerald
CO-Managers -
Expected To Trade:
Status: Withdrawn
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change