INSU Acquisition Corp. III announced that it expects to receive $0.5 million in funding from Insurance Acquisition Sponsor III, LLC, Cohen & Company, LLC, Dioptra Advisors III, LLC

INSU Acquisition Corp. III announced a private placement of convertible promissory notes for proceeds of $500,000 on July 12, 2021. The transaction included participation from returning investor Insurance Acquisition Sponsor III, LLC and Cohen & Company, LLC for $250,000 and Dioptra Advisors III, LLC.

The bonds are convertible into units at a price of $10.