Stellar Acquisition III Inc.
Completed 2018-12-26- CIK 1665300
- STLR
- Now PHUN
- IPO 2016-08-19
- $70.4M trust
- 691 filings
Successfully merged with Phunware, Inc. • Now trading as PHUN
- IPO Size
- $69M
- raised at the IPO
- Trust
- $70.4M
- as of 2018-11-30
- Current Status
- Completed
- from its latest filing
- IPO Year
- 2016
- year it listed
Filings, by quarter
691 filings over 44 quarters; violet bars carry a milestone
- 16 Q1: 4 filings
- 16 Q2: 6 filings
- 16 Q3: 34 filings
- 16 Q4: 1 filing
- 17 Q1: 7 filings
- 17 Q2: 2 filings
- 17 Q3: 2 filings
- 17 Q4: 4 filings
- 18 Q1: 11 filings
- 18 Q2: 21 filings
- 18 Q3: 9 filings
- 18 Q4: 24 filings
- 19 Q1: 31 filings
- 19 Q2: 25 filings
- 19 Q3: 15 filings
- 19 Q4: 27 filings
- 20 Q1: 17 filings
- 20 Q2: 32 filings
- 20 Q3: 20 filings
- 20 Q4: 18 filings
- 21 Q1: 28 filings
- 21 Q2: 13 filings
- 21 Q3: 11 filings
- 21 Q4: 23 filings
- 22 Q1: 16 filings
- 22 Q2: 21 filings
- 22 Q3: 19 filings
- 22 Q4: 35 filings
- 23 Q1: 12 filings
- 23 Q2: 12 filings
- 23 Q3: 15 filings
- 23 Q4: 26 filings
- 24 Q1: 25 filings
- 24 Q2: 14 filings
- 24 Q3: 10 filings
- 24 Q4: 22 filings
- 25 Q1: 17 filings
- 25 Q2: 5 filings
- 25 Q3: 7 filings
- 25 Q4: 13 filings
- 26 Q1: 7 filings
- 26 Q2: 16 filings
- 26 Q3: 13 filings
- 26 Q4: 1 filing
- S-1 filed 16 Q1
- IPO 16 Q3
- Definitive agreement 18 Q1
- Completed 18 Q4
SPAC Overview
Where it stands on the road from S-1 to merger
Timeline Progress
About
A newly organized blank-check company seeking an initial business combination with an operating business, initially focusing on international energy logistics and generally targeting enterprises valued between $250 million and $500 million.
Investment Focus
Logistics, Energy, Oil & Gas, Maritime Shipping
Key Information
As the filings state it
- IPO Date
- 2016-08-19
- Total Redemptions
- $71.9M
- PIPE
- $6M
- SIC
- 6770
- Completion Date
- 2018-12-26
- Merger Target
- Phunware, Inc.
- SPAC Ticker
- STLR
- Merged Ticker
- PHUN
Stock Performance
PHUNTrading symbol, and its price at each step since the first trade
| Point | Date | Price | Move |
|---|---|---|---|
| First Trade | 2016-10-28 | $9.88 | |
| At Merger | 2018-12-27 | $10.50 | +6% |
| 6 Months Post-Merger | 2019-06-28 | $3.11 | -70% |
| 1 Year Post-Merger | 2019-12-27 | $1.18 | -89% |
| 2 Years Post-Merger | 2020-12-28 | $1.19 | -89% |
| Current Price | 2026-10-16 | $2.04 | -79% |
SPAC Team
The banks on its IPO, and the team as the filings describe it
Underwriters
Extended Team Information
The team has over 80 years of aggregate energy-logistics experience. Its co-CEOs, Prokopios (Akis) Tsirigakis and George Syllantavos, previously led business combinations at Nautilus Marine and Star Maritime.