Hudson Executive Investment Corp. III Announces Liquidation

Hudson Executive Investment Corp. III (NASDAQ:HIII) ("HIII" or the "Company") announced today that the Company's board of directors has determined to dissolve and liquidate HIII in accordance with its governing documents because it will not consummate an initial business combination within the time period required by its Amended and Restated Certificate of Incorporation. All outstanding shares of common stock of the Company issued in connection with the Company's initial public offering ("Public Shares") will be redeemed at a per-share redemption price of approximately $10.10, such redemption expected to occur on December 21, 2022.

The Company has instructed Continental Stock Transfer & Trust Company, the trustee of the Company's trust account and the Company's transfer agent (the "Trustee"), to take all necessary actions to immediately liquidate the Company's trust account for disbursement to the holders of Public Shares ("Holders"). Holders are eligible to receive their pro rata portion of the proceeds of the trust account, net of any amounts withdrawn by the Company to pay taxes or dissolution expenses in accordance with the Company's governing documents, by delivering Public Shares to the Trustee for redemption (the "Redemption"). However, Holders who own Public Shares in "street name" will not need to take any action in order to participate in the Redemption.

There will be no redemption rights or liquidating distributions with respect to the Company's warrants.

The Company expects that The NASDAQ Stock Market will file a Form 25 with the U.S. Securities and Exchange Commission (the "Commission") to delist its securities. The Company thereafter expects to file a Form 15 with the Commission to terminate registration of its securities under the Securities Exchange Act of 1934, as amended.