Fifth Wall Acquisition Corp. III announced that it has entered into subscription agreement to issue 46,000 of series 2 non-convertible preferred stock at a price of $1,000 per share for the gross proceeds of $46,000,000 on June 15, 2023. Subscription Agreements will not be registered under the Securities Act of 1933, as amended in reliance on the exemption from registration provided by Section 4(a)(2) of the Securities Act and/or Regulation D promulgated thereunder.

The transaction will include participation from new investors Bombe-MIC Pref, LLC, HSCP Strategic III L.P, a fund managed by No Street GP LP as well as Harvest Small Cap Partners, L.P. and Harvest Small Cap Partners Master Ltd, funds managed by Harvest Capital Strategies LLC. The shares are subject to a one-year lock-up period.