Oaktree Acquisition Corp. III Life Sciences (OACC)

Oaktree Acquisition Corp. III Life Sciences (OACC) is a special purpose acquisition company, or blank-check company, sponsored by an affiliate of Oaktree Capital Management, the Los Angeles-based alternative investment manager. It was formed to raise capital through an initial public offering and then complete a merger or similar business combination with an operating company.

As its name indicates, the company intends to focus its search on businesses in the life sciences sector, such as biotechnology, pharmaceuticals, medical technology and related healthcare fields. Until it completes a transaction, it has no operating business, and the proceeds of its offering are held in a trust account. Its Class A ordinary shares trade on the Nasdaq.