Fifth Wall Acquisition Corp. III (NasdaqCM:FWAC) announced a private placement of 655,000 Class A shares at a price of $10 per share for gross proceeds of $6,550,000 on March 10, 2021. The transaction will include participation from Fifth Wall Acquisition Sponsor III, LLC. The securities to be issued have a hold period of 30 days. The company has granted over-allotment option to the underwriters as part of the transaction. The company will issue additional 700,000 Class A shares for $7,000,000 if over-allotment option is exercised.