---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-099814"
form_type: "8-K"
ticker: "ASPC"
cik: "0001890361"
company_name: "ASPAC III Acquisition Corp."
filed_at: "2024-11-19T23:59:59+00:00"
generated_at: "2026-05-29T22:40:45.929320+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# A SPAC III Acquisition Corp. closes $55M IPO; auditor flags going concern risk

## Summary
- IPO of 5,500,000 units at $10/unit closed Nov 12, 2024; gross proceeds of $55M deposited in trust.
- Private placement of 280,000 units to sponsor at $10/unit raised $2.8M, also deposited in trust.
- Auditor's report includes going concern qualification: company must complete business combination by Nov 12, 2025 or liquidate.
- Balance sheet as of Nov 12 shows $55M in trust, $2.0M cash outside trust, working capital $1.65M, accumulated deficit $217,762.
- Underwriters granted 45-day over-allotment option for up to 825,000 additional units.

## SEC filing metadata
- accession: 0001213900-24-099814
- form_type: 8-K
- ticker: ASPC
- cik: 0001890361
- company_name: ASPAC III Acquisition Corp.
- filed_at: 2024-11-19T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1890361/000121390024099814/0001213900-24-099814-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1890361/000121390024099814/ea0221699-8k_aspac3.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-099814
- JSON: https://secwatch.observer/filing/0001213900-24-099814.json
- Plain text: https://secwatch.observer/filing/0001213900-24-099814.txt

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