 PHILADELPHIA, PA, Dec. 22, 2020 GLOBE NEWSWIRE -- Cohen Company Inc. NYSE American: COHN and INSU Acquisition Corp. III NASDAQ:IIIU today announced that INSU Acquisition Corp. III the Company, a blank-check company sponsored by Cohen Company and formed for the purpose of acquiring or merging with one or more businesses or entities in the insurance industry, completed its initial public offering of 25,000,000 units at a price of 10.00 per unit, which includes 3,200,000 units issued pursuant to the exercise of the underwriters over-allotment option, for gross proceeds to the Company of 250,000,000. The Companys units began trading on the Nasdaq Capital Market under the symbol IIIU on December 18, 2020. Each unit issued in the offering consists of one share of the Companys Class A common stock and one-third of one warrant, each whole warrant exercisable for one share of Class A common stock at an exercise price of 11.50 per share. Once the securities comprising the units begin separate trading, the Class A common stock and warrants are expected to be listed on Nasdaq under the symbols III and IIIW, respectively. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. 