---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-002447"
form_type: "8-K"
ticker: "BIII"
cik: "0002087087"
company_name: "Black Spade Acquisition III Co"
filed_at: "2026-01-09T23:59:59+00:00"
generated_at: "2026-05-16T11:07:26.502069+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Black Spade Acquisition III Co closes $172.5M IPO with full over-allotment, appoints board

## Summary
- IPO of 17,250,000 units at $10.00/unit, gross proceeds $172.5M, including full exercise of 2.25M unit over-allotment.
- Proceeds of $170.663M from IPO and $1.837M from private placement placed in trust account for public shareholders.
- Private placement of 8.15M warrants at $0.50 each: 7.0M to sponsor ($3.5M) and 1.15M to underwriters ($0.575M).
- Board appointed: Russell Galbut, Robert Moore, Patsy Chan, Sammy Hsieh; Patsy Chan chairs audit, compensation, nominating committees.
- Management team (Dennis Tam, Kester Ng, Richard Taylor) previously led Black Spade SPACs that completed VinFast and Generation Essentials deals.

## SEC filing metadata
- accession: 0001104659-26-002447
- form_type: 8-K
- ticker: BIII
- cik: 0002087087
- company_name: Black Spade Acquisition III Co
- filed_at: 2026-01-09T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 3.02, 5.02, 5.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2087087/000110465926002447/0001104659-26-002447-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2087087/000110465926002447/tm262750d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-002447
- JSON: https://secwatch.observer/filing/0001104659-26-002447.json
- Plain text: https://secwatch.observer/filing/0001104659-26-002447.txt

## Source-grounded claims
- claim_id: fd5252587f4cdf235d5fa438754690888423b4db
  claim: Black Spade Acquisition III Co: Adoption of Amended and Restated Memorandum and Articles of Association (effective 2026-01-05).
  evidence_excerpt: Item 5.03. Amendments to Memorandum and Articles of Association. On January 5, 2026, the Company adopted its Amended and Restated Memorandum and Articles of Association. The Amended and Restated Memorandum and Articles of Association is filed as Exhibit 3.1 to this Current Report on Form 8-K and is incorporated by reference herein.
  evidence_url: https://www.sec.gov/Archives/edgar/data/2087087/000110465926002447/0001104659-26-002447-index.htm
- claim_id: 5b09a00bd1cae79b6f29e436eb171db28700d7b9
  claim: Black Spade Acquisition III Co entered into Registration Rights Agreement with certain security holders (effective 2026-01-05).
  evidence_excerpt: greements, each dated January 5, 2026, among the Company, the Sponsor and certain security holders. · An Investment Management Trust Agreement, dated January 5, 2026, between the Company and Continental Stock Transfer & Trust
  evidence_url: https://www.sec.gov/Archives/edgar/data/2087087/000110465926002447/0001104659-26-002447-index.htm
- claim_id: 7243eb5fa1e35c4c6b66dba7d278b0f3f5e5d2f1
  claim: Black Spade Acquisition III Co entered into Sponsor Warrants Purchase Agreement with the Sponsor (effective 2026-01-05).
  evidence_excerpt: greements, each dated January 5, 2026, among the Company, the Sponsor and certain security holders. · An Investment Management Trust Agreement, dated January 5, 2026, between the Company and Continental Stock Transfer & Trust
  evidence_url: https://www.sec.gov/Archives/edgar/data/2087087/000110465926002447/0001104659-26-002447-index.htm
- claim_id: 7982e9a302f63d9b9131baa3fc868cf28b0012cf
  claim: Black Spade Acquisition III Co entered into Warrant Agreement with Continental Stock Transfer & Trust Company, as warrant agent (effective 2026-01-05).
  evidence_excerpt: · A Warrant Agreement, dated January 5, 2026, between the Company and Continental Stock Transfer & Trust Company, as warrant agent.
  evidence_url: https://www.sec.gov/Archives/edgar/data/2087087/000110465926002447/0001104659-26-002447-index.htm
- claim_id: bb57a97214a2e1b3301d066ce44774bb146a21fe
  claim: Black Spade Acquisition III Co entered into Investment Management Trust Agreement with Continental Stock Transfer & Trust Company, as trustee (effective 2026-01-05).
  evidence_excerpt: · An Investment Management Trust Agreement, dated January 5, 2026, between the Company and Continental Stock Transfer & Trust Company, as trustee.
  evidence_url: https://www.sec.gov/Archives/edgar/data/2087087/000110465926002447/0001104659-26-002447-index.htm
- claim_id: d69d929d5590cc15dd831a5f3818d6d9340212cf
  claim: Black Spade Acquisition III Co entered into Underwriting Agreement with Cohen & Company Capital Markets, a division of Cohen & Company Securities, LLC, as representative of the several underwriters, including Chardan Capital Markets, LLC (effective 2026-01-05).
  evidence_excerpt: · An Underwriting Agreement, dated January 5, 2026, among the Company and Cohen & Company Capital Markets, a division of Cohen & Company Securities, LLC (“ Cohen ”), as representative of the several underwriters, including Chardan Capital Markets, LLC (“ Chardan ” and, together with Cohen, the “ Underwriters ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/2087087/000110465926002447/0001104659-26-002447-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.