Item 8.01 Other Events.
On March 25, 2021, Dragoneer Growth Opportunities Corp. III (the "Company")
consummated its initial public offering (the "IPO") of 40,000,000 Class A
ordinary shares, $0.0001 par value (the "Shares"), at an offering price of
$10.00 per Share, and a private placement with Dragoneer Growth Opportunities
Holdings III (the "Sponsor") of 10,000,000 private placement warrants at a price
of $1.00 per warrant (the "Private Placement").
The net proceeds from the IPO together with certain of the proceeds from the
Private Placement, $400,000,000 in the aggregate (the "Offering Proceeds"), were
placed in a trust account established for the benefit of the holders of the
Company's public shareholders and the underwriters with Continental Stock
Transfer & Trust Company acting as trustee. Except for the withdrawal from
interest earned on the Offering Proceeds in the trust account to fund franchise
and income taxes payable, or upon the redemption by public stockholders of
Class A ordinary shares in connection with certain amendments to the Company's
amended and restated memorandum and articles of association, none of the funds
held in the trust account will be released until the earlier of the completion
of the Company's initial business combination or the redemption of 100% of the
Class A ordinary shares issued by the Company in the IPO if the Company is
unable to consummate an initial business combination within 24 months (or 27
months, as applicable) from the closing of the IPO.
An audited balance sheet as of March 25, 2021, reflecting receipt of the
Offering Proceeds, has been issued by the Company and is included as Exhibit
99.1 to this Current Report on Form 8-K.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
99.1 Audited Balance Sheet as of March 25, 2021.
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