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P3 Health Partners Inc.PIII

Class A PIIIWarrants PIIIWCIK 0001832511

Cash in trust

$316M

$316,267,136

Trust per share

$10.00

Redemption value

IPO

Feb 2021

$310M raised

Combination deadline

—

Not disclosed

Filings on record

401

Latest Oct 14, 2026

Business combination

Target
Not disclosed in an indexed filing
Announced
May 25, 2021
Closed
Dec 9, 2021

Overview

P3 Health Partners Inc. is a special purpose acquisition company incorporated in Delaware and registered with the SEC under CIK 0001832511. It completed its initial public offering in Feb 2021, raising $310M in gross proceeds and listing on Nasdaq. Class A shares trade under the ticker PIII, warrants under PIIIW on Nasdaq. The vehicle is sponsored by Foresight through Foresight Sponsor Group, LLC. The mandate targets generalist. Business combination closed; the company trades under a new ticker.

“We intend to focus on target businesses with an enterprise value greater than $1 billion; ∎ Financial Profile .”
The mandate, as stated in the IPO prospectus

Reading the filings

Arithmetic on what P3 Health Partners Inc. has disclosed, written the way a desk would read it. These are observations, not a rating. Nothing here scores the vehicle or implies a view on it.

  • Trust versus the $10 unit

    The trust holds $10.00 per public share, effectively the $10.00 the units were sold at, so little or no interest has accrued to the account yet.

  • Warrant coverage

    Each unit carried one-third warrant per unit. Warrants are dilution deferred: they cost the holder nothing until exercised, and they overhang the post-combination share count. Thinner coverage is generally a sign of a stronger book at pricing.

  • Sponsor record

    Foresight has launched 2 vehicles. Of the 2 that have resolved, 2 closed a combination and 0 liquidated, a 100% completion rate. A sponsor's record is not a forecast, but it does tell you whether the team has taken a deal across the line before.

  • Underwriting

    Cowen led the offering. It has been named on 29 SPAC IPOs, book-running 23 of them, and 71.4% of its resolved vehicles closed a deal. The syndicate has no control over whether a sponsor finds a target, but the quality of the book at pricing shapes who ends up holding the units.

How busy it has been

Filings per month since the first one. A vehicle that has gone quiet with a deadline ahead is a different proposition from one that is still working.

281402020-112026-10

401 filings in all. 7 in the last three months, against a busiest month of 28.

News on P3 Health Partners Inc.

Last 90 days

News sentiment

Neutral
negativeneutralpositive

Across 2 recent stories, weighted towards the newest. Scored by our own headline classifier using finance- and SPAC-specific terms. It reads what a story is about, not what the shares are worth.

SEC filing history

Free tier: filings older than 24 hours
  • S-3

    S-3

    Accession 0001832511-26-000039

    Oct 14, 2026

    17d ago

    View on EDGAR ↗
  • 8-K

    Entry into a material definitive agreement

    Items 1.01, 3.02, 5.03 · Accession 0001832511-26-000036

    Sep 11, 2026

    1mo ago

    View on EDGAR ↗
  • 4

    Statement of changes in beneficial ownership

    Accession 0001104659-26-097324

    Aug 14, 2026

    2mo ago

    View on EDGAR ↗
  • 4

    Statement of changes in beneficial ownership

    Accession 0001104659-26-094925

    Aug 12, 2026

    2mo ago

    View on EDGAR ↗
  • SCHEDULE 13D/A

    SCHEDULE 13D/A filing

    Accession 0001104659-26-094924

    Aug 12, 2026

    2mo ago

    View on EDGAR ↗
  • 10-Q

    Quarterly report

    Accession 0001832511-26-000034

    Aug 10, 2026

    2mo ago

    View on EDGAR ↗
  • 8-K

    Current report

    Items 2.02, 9.01 · Accession 0001832511-26-000032

    Aug 10, 2026

    2mo ago

    View on EDGAR ↗
  • 8-K

    Entry into a material definitive agreement

    Items 1.01, 9.01 · Accession 0001832511-26-000029

    Jul 6, 2026

    3mo ago

    View on EDGAR ↗
  • 4

    Statement of changes in beneficial ownership

    Accession 0001104659-26-073599

    Jun 12, 2026

    4mo ago

    View on EDGAR ↗
  • 8-K

    Submission of matters to a vote of security holders

    Items 5.07, 9.01 · Accession 0001832511-26-000027

    Jun 9, 2026

    4mo ago

    View on EDGAR ↗
  • 8-K

    Notice of delisting or failure to satisfy a listing rule

    Items 3.01, 9.01 · Accession 0001832511-26-000026

    May 26, 2026

    5mo ago

    View on EDGAR ↗
  • 4

    Statement of changes in beneficial ownership

    Accession 0002035887-26-000002

    May 18, 2026

    5mo ago

    View on EDGAR ↗
  • 8-K

    Notice of delisting or failure to satisfy a listing rule; Other events

    Items 3.01, 8.01, 9.01 · Accession 0001832511-26-000024

    May 15, 2026

    5mo ago

    View on EDGAR ↗
  • 10-Q

    Quarterly report

    Accession 0001832511-26-000022

    May 14, 2026

    5mo ago

    View on EDGAR ↗
  • 8-K

    Current report

    Items 2.02, 9.01 · Accession 0001832511-26-000021

    May 14, 2026

    5mo ago

    View on EDGAR ↗
  • DEFA14A

    Additional proxy soliciting material

    Accession 0001140361-26-018250

    Apr 30, 2026

    6mo ago

    View on EDGAR ↗
  • DEF 14A

    Definitive proxy statement

    Accession 0001140361-26-018240

    Apr 30, 2026

    6mo ago

    View on EDGAR ↗
  • 8-K

    Entry into a material definitive agreement

    Items 1.01, 3.02, 5.03 · Accession 0001832511-26-000018

    Apr 28, 2026

    6mo ago

    View on EDGAR ↗
  • PRE 14A

    PRE 14A

    Accession 0001140361-26-015663

    Apr 20, 2026

    6mo ago

    View on EDGAR ↗
  • S-8

    S-8

    Accession 0001832511-26-000015

    Apr 3, 2026

    7mo ago

    View on EDGAR ↗
  • 10-K

    Annual report

    Accession 0001832511-26-000011

    Mar 26, 2026

    7mo ago

    View on EDGAR ↗
  • 8-K

    Current report

    Items 2.02, 9.01 · Accession 0001832511-26-000010

    Mar 26, 2026

    7mo ago

    View on EDGAR ↗
  • 8-K

    Entry into a material definitive agreement

    Items 1.01, 9.01 · Accession 0001832511-26-000006

    Mar 25, 2026

    7mo ago

    View on EDGAR ↗
  • 8-K

    Entry into a material definitive agreement

    Items 1.01, 9.01 · Accession 0001832511-26-000005

    Feb 17, 2026

    8mo ago

    View on EDGAR ↗
  • 4/A

    FORM 4/A

    Accession 0001188827-26-000002

    Jan 23, 2026

    9mo ago

    View on EDGAR ↗
  • 4/A

    FORM 4/A

    Accession 0001232914-26-000002

    Jan 23, 2026

    9mo ago

    View on EDGAR ↗
  • 4/A

    FORM 4/A

    Accession 0001832511-26-000003

    Jan 23, 2026

    9mo ago

    View on EDGAR ↗
  • 4/A

    FORM 4/A

    Accession 0001492118-26-000001

    Jan 23, 2026

    9mo ago

    View on EDGAR ↗
  • 4/A

    FORM 4/A

    Accession 0001334925-26-000001

    Jan 23, 2026

    9mo ago

    View on EDGAR ↗
  • 4/A

    FORM 4/A

    Accession 0001804153-26-000001

    Jan 23, 2026

    9mo ago

    View on EDGAR ↗

Pro

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P3 Health Partners Inc.: questions answered

What is P3 Health Partners Inc. (PIII)?

P3 Health Partners Inc. is a special purpose acquisition company incorporated in Delaware and registered with the SEC under CIK 0001832511. It completed its initial public offering in Feb 2021, raising $310M in gross proceeds and listing on Nasdaq. Class A shares trade under the ticker PIII, warrants under PIIIW on Nasdaq. The vehicle is sponsored by Foresight through Foresight Sponsor Group, LLC. The mandate targets generalist. Business combination closed; the company trades under a new ticker.

How much does P3 Health Partners Inc. hold in trust?

Approximately $316,267,136, or about $10.00 per public share, as at the most recent filing on record. Trust balances move: shareholders redeem at extension votes and at the combination vote, and sponsors pay contributions in to extend. Treat the figure as a point-in-time disclosure, not a running balance.

When must P3 Health Partners Inc. complete a merger?

No combination deadline appears in the filings we have indexed. The date is stated in the charter and repeated in each quarterly report; where our parser could not establish it with confidence we leave it blank rather than infer one.

What happens if P3 Health Partners Inc. does not find a target in time?

The charter requires the vehicle to redeem 100% of the public shares and return the trust, pro rata, to public shareholders. That is the mechanism working as designed rather than a default. Founder shares and warrants are worthless in that outcome, which is why the sponsor's incentive is to get a deal done or to buy more time. Across the market, deadline lapsed without a deal; trust returned to public shareholders.

Can I redeem shares in P3 Health Partners Inc., and at what price?

Public shareholders may elect to redeem in connection with a combination vote and at each extension vote, at the pro-rata trust value on the relevant record date, most recently disclosed at about $10.00 per share. Redemption is a right attached to the public shares only; warrants and rights carry no claim on the trust. The mechanics and the deadline for electing are set out in the proxy statement for the vote in question.

What tickers does P3 Health Partners Inc. trade under?

Class A shares trade as PIII on Nasdaq, and the warrants as PIIIW. Units trade first and separate into their component securities roughly 52 days after the IPO; only the Class A shares carry the redemption right against the trust.

Is the trust value the same as the share price for P3 Health Partners Inc.?

No, and the gap between them is the whole trade. Trust per share is a disclosed, contractual figure of $10.00, being what a redeeming holder receives. The market price is whatever the shares change hands at: most recently $4.03, a spread to the redemption value. Quotes on this site are delayed and indicative; confirm on your own venue before trading.

How much dilution do P3 Health Partners Inc.'s founder shares and warrants create?

Each unit also carried one-third warrant per unit, which is dilution deferred until exercise. Both are disclosed in the prospectus and both survive into the combined company, which is why a de-SPAC at $10 is not economically the same as an IPO at $10.

Who sponsors P3 Health Partners Inc., and what is their track record?

Foresight Sponsor Group, LLC is the sponsor entity, part of the Foresight franchise. That franchise has launched 2 vehicles in total, of which 2 closed a combination and 0 liquidated, a 100% completion rate on resolved vehicles. Named principals: Greg Wasson, Mike Balkin.

Which banks underwrote the P3 Health Partners Inc. IPO?

Cowen. Cowen was credited as book-running manager on the cover. Syndicate membership and role are read from the prospectus cover and the underwriting section.

Is P3 Health Partners Inc. tradeable, and where?

Yes. PIII returned a live quote of $4.03 on Nasdaq. Quotes here are delayed and refreshed on a schedule rather than streamed, so treat the figure as indicative and confirm on your own venue. Units and warrants trade under their own symbols and are quoted separately.

Is P3 Health Partners Inc. a good investment?

That is not a question this site answers. P3 Health Partners Inc. is covered here as reference data: what the company filed, when it filed it, and what the numbers in those filings say. The Edge, FOMO and Potential scores on this page are derived measures with a published formula, not ratings of investment merit: they describe the setup, and every component is shown so you can take them apart. We publish no price targets and no recommendations, and nothing here should be read as advice. The figures are a starting point for your own work, and each one carries the accession number of the filing it came from.

Where does this P3 Health Partners Inc. data come from?

Filings P3 Health Partners Inc. submitted to the SEC under CIK 0001832511: the registration statement and final prospectus for the structure, quarterly and annual reports for the trust, current reports and proxy statements for deals, votes and extensions. Trust economics are taken from the registrant's own XBRL tags rather than parsed from prose, which is why they are exact. Every filing in the history above is listed with its accession number, which identifies the document uniquely on EDGAR; Pro accounts open it directly from the row.

Compiled by the SPACListing research desk

Last reconciled Nov 1, 2026

Every figure on this page is read from documents the registrants filed with the U.S. Securities and Exchange Commission, principally the IPO prospectus (Form 424B4), quarterly and annual reports, current reports and proxy statements, the registrant's own XBRL tags for trust economics. Nothing is sourced from press coverage, from the companies themselves, or from a third-party aggregator. Where a filing does not disclose something, the field is left blank rather than estimated.

Read the full methodology · What is in the dataset · Report a correction

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