{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-26-102023","form_type":"8-K","ticker":"BIII","cik":"0002087087","company_name":"Black Spade Acquisition III Co","filed_at":"2026-08-27T11:57:51+00:00","discovered_at":"2026-08-27T12:00:00.497227+00:00","generated_at":"2026-08-27T12:00:14.447563+00:00","sec_items":["1.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Black Spade III signs merger with Astrum Space; 100M shares to Astrum Holding","bullets":["Astrum Holding receives 100,000,000 Listco Shares for its Astrum shares; surviving company renamed Astrum Space Company.","Up to 25.5M Performance Shares tied to NEASTAR-1 milestones: integration by Feb 2028, shipment Apr 2029, launch Jun 2029.","Sponsor gets $3.5M transaction bonus at closing, deducted from trust or Astrum funds.","Lock-ups: Astrum Holding 4M shares free, 7.5M for 12 months, rest for 2 years; Sponsor 3.37M free, 1.75M for 12 months, warrants 30 days.","Founder letter of support up to $168M for operations incl. NEASTAR-1 development; closing deadline May 27, 2027."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-102023","json":"https://secwatch.observer/filing/0001104659-26-102023.json","markdown":"https://secwatch.observer/filing/0001104659-26-102023.md","text":"https://secwatch.observer/filing/0001104659-26-102023.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/2087087/000110465926102023/0001104659-26-102023-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/2087087/000110465926102023/tm2624075d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-08-27T12:00:14.447563+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}