secwatch.observer — SEC 8-K summary
======================================

Issuer:     Black Spade Acquisition III Co (BIII)
CIK:        0002087087
Form:       8-K
Filed at:   2026-01-13T23:59:59+00:00
Accession:  0001104659-26-003253
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Black Spade Acquisition III closes $172.5M SPAC IPO; $172.5M placed in trust
----------------------------------------------------------------------------

- Sold 17.25M units at $10/unit, including full over-allotment, for gross proceeds of $172.5M.
- Each unit consists of one Class A ordinary share and one-third of one redeemable warrant at $11.50.
- Concurrent private placement of 8.15M warrants at $0.50 each generated $4.075M gross proceeds.
- Total of $172.5M deposited into trust account for benefit of public shareholders.
- Company has 24 months (or 27 with LOI) to complete a business combination.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2087087/000110465926003253/0001104659-26-003253-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2087087/000110465926003253/tm263027d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-003253

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer