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Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington , D.C. 20549 FORM 10 - Q × QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 ( d ) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31 , 2021 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 ( d ) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number : 001-40415 FIFTH WALL ACQUISITION CORP . III ( Exact name of registrant as specified in its charter ) Cayman Islands ( State or other jurisdiction of incorporation or organization ) 6060 Center Drive 10th Floor Los Angeles , California ( Address of principal executive offices ) ( 310 ) 853 8878 98-1583957 ( I.R.S. Employer Identification Number ) Registrant's telephone number , including area code : Not Applicable 90045 ( Zip Code ) ( Former name or former address , if changed since last report ) Securities registered pursuant to Section 12 ( b ) of the Act : Title of each class Class A Ordinary Shares , par value $ 0.0001 Trading Symbol ( s ) FWAC Name of each exchange on which registered The Nasdaq Stock Market LLC Indicate by check mark whether the registrant ( 1 ) has filed all reports required to be filed by Section 13 or 15 ( d ) of the Securities Exchange Act of 1934 during the preceding 12 months ( or for such shorter period that the registrant was required to file such reports ) , and ( 2 ) has been subject to such filing requirements for the past 90 days . Yes No ☑ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S - T ( §232.405 of this chapter ) during the preceding 12 months ( or for such shorter period that the registrant was required to submit such files ) . Yes No □ Indicate by check mark whether the registrant is a large accelerated filer , an accelerated filer , a non - accelerated filer , smaller reporting company , or an emerging growth company . See the definitions of “ large accelerated filer , " " accelerated filer , " " smaller reporting company , " and " emerging growth company ” in Rule 12b - 2 of the Exchange Act . Non - accelerated filer Large accelerated filer Emerging growth company ☐ ☑ ☑ Accelerated filer Smaller reporting company ☐ ☑ If an emerging growth company , indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13 ( a ) of the Exchange Act . Indicate by check mark whether the registrant is a shell company ( as defined in Rule 12b - 2 of the Exchange Act ) . Yes × No □ As of June 29 , 2021 , 28,407,000 Class A ordinary shares , par value $ 0.0001 per share , and 7,187,500 Class B ordinary shares , par value $ 0.0001 per share , were issued and outstanding , respectively .