Last Updated:
Searching
Create account to add to watchlist!

Supernova Partners Acquisition Co III, Ltd. - STRE

  • Commons

    $9.84

    +0.84%

    STRE Vol: 276.0

  • Warrants

    $1.06

    +0.95%

    STRE+ Vol: 0.0

  • Units

    $9.89

    -0.70%

    STRE= Vol: 145.0

Average: 0
Rating Count: 0
You Rated: Not rated

Please log in to rate.

SPAC Stats

Market Cap: 276.5M
Average Volume: 79.6K
52W Range: $9.58 - $10.00
Weekly %: +0.51%
Monthly %: +0.31%
Inst Owners: 39

Info

Target: Searching
Days Since IPO: 250
Unit composition:
Each unit has an offering price of $10.00 and consists of one Class A ordinary share and one-fourth of one redeemable warrant
Trust Size: 25000000.0M

Management

Our officers, directors and director nominees are as follows: Name Age Position Spencer M. Rascoff 45 Co-Chair Alexander M. Klabin 44 Co-Chair Robert D. Reid 47 Chief Executive Officer and Director Michael S. Clifton 41 Chief Financial Officer and Director Spencer M. Rascoff has been Co-Chair of our Board since our inception. Mr. Rascoff currently serves as Co-Chair of the board of directors of both Supernova I and Supernova II. Mr. Rascoff served as CEO of Zillow from 2008 to 2018 and currently serves as chairman of dot.LA and chairman of Pacaso. During Mr. Rascoff¬ís tenure as Zillow¬ís CEO, he led the acquisition and subsequent integration of 15 businesses including the acquisition and integration of Trulia, Zillow¬ís then-largest direct competitor. He also led Zillow through its IPO, where he was instrumental in leveraging Zillow¬ís IPO as a substantial consumer branding event. During his tenure as Chief Executive Officer of Zillow, Mr. Rascoff created and maintained a corporate culture that was frequently recognized as exemplary, receiving awards from Fortune Best Places to Work, Glassdoor, The Seattle Times, and many other organizations. With a focus on diversity, equity and inclusion, Zillow created employee affinity networks and was twice named to Bloomberg¬ís Gender Equality Index. Prior to Zillow, Mr. Rascoff co-founded Hotwire, where he ran corporate development through the company¬ís launch, the aftermath of 9/11, and ultimately the sale of the business to Expedia for $685 million. Mr. Rascoff is currently on the board of directors of Palantir. He formerly served on the board of directors of several other public and private technology companies, including Zillow Group, TripAdvisor, Zulily and Julep. Before his consumer Internet career, Mr. Rascoff worked in the Investment Banking division at Goldman Sachs and in private equity at TPG Capital. He is also a member of the Young Presidents¬í Organization and has served as a Visiting Executive Professor at Harvard Business School. Mr. Rascoff graduated cum laude from Harvard University. We believe Mr. Rascoff is well qualified to serve on our Board due to his knowledge of the technology industry and extensive leadership experience in operating and advising technology companies. Alexander M. Klabin has been Co-Chair of our Board since our inception. Mr. Klabin currently serves as Co-Chair of the board of directors of both Supernova I and Supernova II. Mr. Klabin co-founded Senator Investment Group in early 2008 where he served as Managing Partner and Co-Chief Investment Officer until 2020 and has served as Executive Chairman of Sotheby¬ís Financial Services since October 2020. In addition, Mr. Klabin currently serves as Chairman and CEO of Ancient Management LP. Mr. Klabin built and scaled Senator to be a widely respected investment management firm that managed up to $10 billion in assets. During his tenure, Senator managed capital on behalf of many of the largest pensions, endowments, sovereign wealth funds, and family offices globally. Under Mr. Klabin¬ís leadership, Senator became known for pursuing differentiated thematic and event-driven investments in public and private securities across both credit and equity. Prior to co-founding Senator, Mr. Klabin worked at York Capital Management and Quadrangle Group. Mr. Klabin began his career in the M&A department at Goldman Sachs. He is a member of the board of directors of Enstructure, Faherty Brand and The Nantucket Project. Additionally, he serves as a Trustee of the New York Philharmonic, The Allen-Stevenson School and is a member of the Leadership Council of The Robin Hood Foundation. Mr. Klabin received a Bachelor of Arts degree in English Literature from Princeton University. We believe Mr. Klabin is well qualified to serve on our Board due to his vast investment and corporate finance experience. 117 Table of Contents Robert D. Reid has served as our Chief Executive Officer and a director since our inception. Mr. Reid currently serves as Chief Executive Officer and a member of the board of directors of both Supernova I and Supernova II. Prior to that he was a Partner at BDT Capital Partners and was a Senior Managing Director at Blackstone prior to July 2019, where he helped lead over 15 private equity investments representing over $40 billion in transaction value across a range of industries and geographies. In his 21 years at Blackstone, Mr. Reid sourced, evaluated and executed a range of transaction types including growth capital, buyouts and distressed opportunities. He was a member of Blackstone¬ís Private Equity Investment Committee and was one of the senior partners helping lead the firm¬ís private equity efforts in Europe from 2012 to 2016. Mr. Reid has served on a several public and private boards, including Scout24, one of the largest online classified business in Germany, SESAC, a large music performance rights organization Intelenet, a business process solutions company and Nielsen, a leading consumer and media measurement business. Prior to joining Blackstone, Mr. Reid worked in the Investment Banking division at Morgan Stanley. He earned a degree in economics and graduated magna cum laude from Princeton University. We believe Mr. Reid is well qualified to serve on our Board due to his corporate finance and prior public company experience. Michael S. Clifton has served as our Chief Financial officer and a director since our inception. Mr. Clifton currently serves as Chief Financial Officer of Supernova I and Chief Financial Officer and a member of the board of directors of Supernova II. Prior to that he was a senior investment professional at The Carlyle Group from 2010 to 2020 as a member of its flagship U.S. Buyout team where he helped lead Carlyle¬ís investing activities in the technology and business services sectors. During his tenure he worked on transactions involving companies in multiple sectors, including enterprise software, FinTech and IT services. He has served on four private boards and has been a board observer of a public company. In addition, Mr. Clifton currently serves as Managing Director of Ancient Management LP. Over his career, Mr. Clifton has been involved in transactions with a total value in excess of $30 billion, including multiple leveraged buyouts, growth investments, carve-outs, and turnarounds. Mr. Clifton has substantial public market experience and has helped lead the public exits of three portfolio companies, representing the sale of over $5 billion in equity. Prior to joining Carlyle, Mr. Clifton worked at two mid-market private equity firms, as well as in the M&A group of Bank of America Securities. He earned a Bachelor of Arts, cum laude, in classics from Davidson College, and an MBA with High Distinction from the Harvard Business School where he was a Baker Scholar. We believe Mr. Clifton is well qualified to serve on our Board due to his corporate finance experience and previous SPAC experience. Number and Terms of Office of Officers and Directors Upon the effectiveness of the registration statement of which this prospectus forms a part, we expect that our board of directors will consist of members. Our board of directors is divided into three classes, with only one class of directors being appointed in each year, and with each class (except for those directors appointed prior to our first annual general meeting) serving a three-year term. In accordance with the NYSE corporate governance requirements, we are not required to hold an annual general meeting until one year after our first fiscal year end following our listing on the NYSE. The term of office of the first class of directors, consisting of and , will expire at our first annual general meeting. The term of office of the second class of directors, consisting of and , will expire at our second annual general meeting. The term of office of the third class of directors, consisting of and , will expire at our third annual general meeting. Prior to the completion of an initial business combination, any vacancy on the board of directors may be filled by a nominee chosen by holders of a majority of our founder shares. In addition, prior to the completion of an initial business combination, holders of a majority of our founder shares may remove a member of the board of directors for any reason. 118 Table of Contents Our officers are appointed by the board of directors and serve at the discretion of the board of directors, rather than for specific terms of office. Our board of directors is authorized to appoint persons to the offices set forth in our amended and restated memorandum and articles of association as it deems appropriate. Our amended and restated memorandum and articles of association provide that our officers may consist of one or more chair or co-chair of the board, chief executive officer, president, chief financial officer, vice presidents, secretary, treasurer and such other offices as may be determined by the board of directors. Director Independence NYSE listing standards require that a majority of our board of directors be independent. An ¬ďindependent director¬Ē is defined generally as a person other than an officer or employee of the company or its subsidiaries or any other individual having a relationship, which, in the opinion of the company¬ís board of directors, would interfere with the director¬ís exercise of independent judgment in carrying out the responsibilities of a director. Upon the effectiveness of the registration statement of which this prospectus forms a part, we expect to have ¬ďindependent directors¬Ē as defined in the NYSE listing rules and applicable SEC rules prior to completion of this offering. Our board of directors has determined that are ¬ďindependent directors¬Ē. Our independent directors will have regularly scheduled meetings at which only independent directors are present. Executive Officer and Director Compensation None of our executive officers or directors have received any cash compensation for services rendered to us. Our sponsor, executive officers and directors, or their respective affiliates will be reimbursed for any out-of-pocket expenses incurred in connection with activities on our behalf such as identifying potential target businesses and performing due diligence on suitable business combinations. Our audit committee will review on a quarterly basis all payments that were made by us to our sponsor, executive officers or directors, or their affiliates. Any such payments prior to an initial business combination will be made using funds held outside the trust account. Other than quarterly audit committee review of such reimbursements, we do not expect to have any additional controls in place governing our reimbursement payments to our directors and executive officers for their out-of-pocket expenses incurred in connection with our activities on our behalf in connection with identifying and consummating an initial business combination. Other than these payments and reimbursements, no compensation of any kind, including finder¬ís and consulting fees, will be paid by the company to our sponsor, executive officers and directors, or their respective affiliates, prior to completion of our initial business combination. After the completion of our initial business combination, directors or members of our management team who remain with us may be paid consulting or management fees from the combined company. All of these fees will be fully disclosed to shareholders, to the extent then known, in the proxy solicitation materials or tender offer materials furnished to our shareholders in connection with a proposed business combination. We have not established any limit on the amount of such fees that may be paid by the combined company to our directors or members of management. It is unlikely the amount of such compensation will be known at the time of the proposed business combination, because the directors of the post-combination business will be responsible for determining executive officer and director compensation. Any compensation to be paid to our executive officers will be determined, or recommended to the board of directors for determination, either by a compensation committee constituted solely by independent directors or by a majority of the independent directors on our board of directors. We do not intend to take any action to ensure that members of our management team maintain their positions with us after the consummation of our initial business combination, although it is possible that some or all of our executive officers and directors may negotiate employment or consulting arrangements to remain with us after our initial business combination. The existence or terms of any such employment or consulting arrangements to retain their positions with us may influence our management¬ís motivation in identifying or selecting a target business but we do not believe that the ability of our management to remain with us after the 119 Table of Contents consummation of our initial business combination will be a determining factor in our decision to proceed with any potential business combination. We are not party to any agreements with our executive officers and directors that provide for benefits upon termination of employment. Committees of the Board of Directors Upon the effectiveness of the registration statement of which this prospectus forms a part, our board of directors will have three standing committees: an audit committee, a nominating committee and a compensation committee. Subject to phase-in rules and a limited exception, the rules of the NYSE and Rule 10A-3 of the Exchange Act require that the audit committee of a listed company be comprised solely of independent directors. Subject to phase-in rules and a limited exception, the rules of the NYSE require that the compensation committee and the nominating committee of a listed company be comprised solely of independent directors. Audit Committee Upon the effectiveness of the registration statement of which this prospectus forms a part, we will establish an audit committee of the board of directors. and will serve as members of our audit committee. Our board of directors has determined that each of and are independent under NYSE listing standards and applicable SEC rules. will serve as the Chairman of the audit committee. Under NYSE listing standards and applicable SEC rules, we are required to have at least three members of the audit committee, all of whom must be independent. Each member of the audit committee is financially literate and our board of directors has determined that and qualify as an ¬ďaudit committee financial expert¬Ē as defined in applicable SEC rules. The audit committee is responsible for: ¬ē meeting with our independent registered public accounting firm regarding, among other issues, audits, and adequacy of our accounting and control systems; ¬ē monitoring the independence of the independent registered public accounting firm; ¬ē verifying the rotation of the lead (or coordinating) audit partner having primary responsibility for the audit and the audit partner responsible for reviewing the audit as required by law; ¬ē inquiring and discussing with management our compliance with applicable laws and regulations; ¬ē pre-approving all audit services and permitted non-audit services to be performed by our independent registered public accounting firm, including the fees and terms of the services to be performed; ¬ē appointing or replacing the independent registered public accounting firm; ¬ē determining the compensation and oversight of the work of the independent registered public accounting firm (including resolution of disagreements between management and the independent auditor regarding financial reporting) for the purpose of preparing or issuing an audit report or related work; ¬ē establishing procedures for the receipt, retention and treatment of complaints received by us regarding accounting, internal accounting controls or reports which raise material issues regarding our financial statements or accounting policies; ¬ē monitoring compliance on a quarterly basis with the terms of this offering and, if any noncompliance is identified, immediately taking all action necessary to rectify such noncompliance or otherwise causing compliance with the terms of this offering; and ¬ē reviewing and approving all payments made to our existing shareholders, executive officers or directors and their respective affiliates. Any payments made to members of our audit committee will be reviewed and approved by our board of directors, with the interested director or directors abstaining from such review and approval. 120 Table of Contents Nominating Committee Upon the effectiveness of the registration statement of which this prospectus forms a part, we will establish a nominating committee of our board of directors. The members of our nominating committee will be and and will serve as chairman of the nominating committee. Under the NYSE listing standards, we are required to have a nominating committee composed entirely of independent directors. Our board of directors has determined that each of and are independent. The nominating committee is responsible for overseeing the selection of persons to be nominated to serve on our board of directors. The nominating committee considers persons identified by its members, management, shareholders, investment bankers and others. Guidelines for Selecting Director Nominees The guidelines for selecting nominees, which will be specified in a charter to be adopted by us, generally will provide that persons to be nominated: ¬ē should have demonstrated notable or significant achievements in business, education or public service; ¬ē should possess the requisite intelligence, education and experience to make a significant contribution to the board of directors and bring a range of skills, diverse perspectives and backgrounds to its deliberations; and ¬ē should have the highest ethical standards, a strong sense of professionalism and intense dedication to serving the interests of the shareholders. The nominating committee will consider a number of qualifications relating to management and leadership experience, background and integrity and professionalism in evaluating a person¬ís candidacy for membership on the board of directors. The nominating committee may require certain skills or attributes, such as financial or accounting experience, to meet specific board needs that arise from time to time and will also consider the overall experience and makeup of its members to obtain a broad and diverse mix of board members. The nominating committee does not distinguish among nominees recommended by shareholders and other persons. Compensation Committee Upon the effectiveness of the registration statement of which this prospectus forms a part, we will establish a compensation committee of our board of directors. The members of our compensation committee will be and will serve as chairman of the compensation committee. Under the NYSE listing standards, we are required to have a compensation committee composed entirely of independent directors. Our board of directors has determined that each of and are independent. We will adopt a compensation committee charter, which will detai

Holder Stats

1 0
% of Shares Held by All Insider 0.00%
% of Shares Held by Institutions 54.00%
% of Float Held by Institutions 54.00%
Number of Institutions Holding Shares 39

Mutual Fund Holders

Holder Shares Date Reported Value % Out
Merger Fund, The 395835 2021-06-29 3851474 1.41
WCM Alternatives Event Driven Fd 66815 2021-06-29 650109 0.24
JNL Series Trust-JNL/Westchester Capital Event Driven Fund 37835 2021-06-29 368134 0.13
JNL Series Trust-JNL/Multi Manager Alternative Fund 27535 2021-06-29 267915 0.1
Merger Fund Vl, The 7465 2021-06-29 72634 0.03
WCM Alternatives Credit Event Fd 4870 2021-06-29 47385 0.02

Institutional Holders

Reporting Date Hedge Fund Shares Held Market Value % of Portfolio Quarterly Change in Shares Ownership in Company
2021-11-15 Athanor Capital LP 43,111 $420,000 0.1% +115.6% 0.123%
2021-11-12 Hsbc Holdings PLC 250,000 $2,440,000 0.0% 0 0.712%
2021-11-12 Macquarie Group Ltd. 1,200,000 $11,720,000 0.0% +20.0% 3.416%

SEC Filings

Form Type Form Description Filing Date Document Link
8-K 8-K 2021-11-16 https://www.sec.gov/Archives/edgar/data/1838361/000119312521331308/d118534d8k.htm
10-Q 10-Q 2021-11-16 https://www.sec.gov/Archives/edgar/data/1838361/000156459021057248/stre-10q_20210930.htm
NT 10-Q NT 10-Q 2021-11-15 https://www.sec.gov/Archives/edgar/data/1838361/000119312521329901/d230479dnt10q.htm
SC 13G SC 13G 2021-08-10 https://www.sec.gov/Archives/edgar/data/1838361/000119312521241223/d191630dsc13g.htm
10-Q 10-Q 2021-08-06 https://www.sec.gov/Archives/edgar/data/1838361/000156459021042169/stre-10q_20210630.htm
10-Q 10-Q 2021-06-16 https://www.sec.gov/Archives/edgar/data/1838361/000156459021033227/stre-10q_20210331.htm
8-K 8-K 2021-06-03 https://www.sec.gov/Archives/edgar/data/1838361/000119312521180388/d145135d8k.htm
NT 10-Q NT 10-Q 2021-05-14 https://www.sec.gov/Archives/edgar/data/1838361/000119312521161589/d507468dnt10q.htm
8-K 8-K 2021-05-10 https://www.sec.gov/Archives/edgar/data/1838361/000119312521156294/d254388d8k.htm
4 FORM 4 SUBMISSION 2021-05-10 https://www.sec.gov/Archives/edgar/data/1838361/000089924321018901/xslF345X03/doc4.xml
4/A FORM 4/A SUBMISSION 2021-04-08 https://www.sec.gov/Archives/edgar/data/1838361/000089924321015361/xslF345X03/doc4a.xml
8-K 8-K 2021-04-06 https://www.sec.gov/Archives/edgar/data/1838361/000119312521107575/d45553d8k.htm
4 FORM 4 SUBMISSION 2021-04-06 https://www.sec.gov/Archives/edgar/data/1838361/000089924321015085/xslF345X03/doc4.xml
SC 13G SC 13G 2021-04-05 https://www.sec.gov/Archives/edgar/data/1838361/000110465921046567/tm2112049d5_sc13g.htm
8-K 8-K 2021-03-31 https://www.sec.gov/Archives/edgar/data/1838361/000119312521101990/d49196d8k.htm
SC 13G 2021-03-29 https://www.sec.gov/Archives/edgar/data/1838361/000131924421000187/STRE_SC13G.htm
4 FORM 4 SUBMISSION 2021-03-26 https://www.sec.gov/Archives/edgar/data/1838361/000089924321013669/xslF345X03/doc4.xml
8-K 8-K 2021-03-25 https://www.sec.gov/Archives/edgar/data/1838361/000119312521094651/d119845d8k.htm
424B4 424B4 2021-03-24 https://www.sec.gov/Archives/edgar/data/1838361/000119312521092628/d104103d424b4.htm
EFFECT 2021-03-22 https://www.sec.gov/Archives/edgar/data/1838361/999999999521001060/xslEFFECTX01/primary_doc.xml
3 FORM 3 SUBMISSION 2021-03-22 https://www.sec.gov/Archives/edgar/data/1838361/000089924321012947/xslF345X02/doc3.xml
3 FORM 3 SUBMISSION 2021-03-22 https://www.sec.gov/Archives/edgar/data/1838361/000089924321012946/xslF345X02/doc3.xml
3 FORM 3 SUBMISSION 2021-03-22 https://www.sec.gov/Archives/edgar/data/1838361/000089924321012945/xslF345X02/doc3.xml
3 FORM 3 SUBMISSION 2021-03-22 https://www.sec.gov/Archives/edgar/data/1838361/000089924321012941/xslF345X02/doc3.xml
3 FORM 3 SUBMISSION 2021-03-22 https://www.sec.gov/Archives/edgar/data/1838361/000089924321012940/xslF345X02/doc3.xml
3 FORM 3 SUBMISSION 2021-03-22 https://www.sec.gov/Archives/edgar/data/1838361/000089924321012938/xslF345X02/doc3.xml
3 FORM 3 SUBMISSION 2021-03-22 https://www.sec.gov/Archives/edgar/data/1838361/000089924321012937/xslF345X02/doc3.xml
3 FORM 3 SUBMISSION 2021-03-22 https://www.sec.gov/Archives/edgar/data/1838361/000089924321012931/xslF345X02/doc3.xml
3 FORM 3 SUBMISSION 2021-03-22 https://www.sec.gov/Archives/edgar/data/1838361/000089924321012929/xslF345X02/doc3.xml
3 FORM 3 SUBMISSION 2021-03-22 https://www.sec.gov/Archives/edgar/data/1838361/000089924321012928/xslF345X02/doc3.xml
CERT NYSE CERTIFICATION 2021-03-22 https://www.sec.gov/Archives/edgar/data/1838361/000087666121000436/STRE032221.pdf
8-A12B 8-A12B 2021-03-22 https://www.sec.gov/Archives/edgar/data/1838361/000119312521089384/d82539d8a12b.htm
S-1/A S-1/A 2021-03-01 https://www.sec.gov/Archives/edgar/data/1838361/000119312521063726/d104103ds1a.htm
S-1 S-1 2021-02-18 https://www.sec.gov/Archives/edgar/data/1838361/000119312521046881/d104103ds1.htm
DRS 2021-01-27 https://www.sec.gov/Archives/edgar/data/1838361/000095012321000640/filename1.htm