On March 25, 2026, Colombier Acquisition Corp. III (the 'Company') announced that holders of the units issued in its initial public offering may elect to separately trade the Class A ordinary shares and warrants included in the units starting March 27, 2026. Each unit consists of one Class A ordinary share and one-eighth of one warrant, with each whole warrant allowing the holder to purchase one Class A ordinary share at an exercise price of $11.50 per share. The Class A ordinary shares and the warrants are expected to trade on the New York Stock Exchange under the symbols 'CLBR' and 'CLBR WS,' respectively. This separation allows investors more flexibility in managing their investments, potentially enhancing liquidity for both the shares and the warrants. Holders of units will need to contact Continental Stock Transfer & Trust Company, the Company’s transfer agent, to facilitate the separation process. This move is seen as a strategic step to provide investors with more options and could positively influence trading volumes and market interest in the Company’s securities.

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