secwatch.observer — SEC 8-K summary
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Issuer:     ASPAC III Acquisition Corp. (ASPC)
CIK:        0001890361
Form:       8-K
Filed at:   2024-11-22T23:59:59+00:00
Accession:  0001213900-24-101708
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

A SPAC III closes partial over-allotment, adds $5M to trust, cancels remainder
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- Underwriters exercised 500,000 over-allotment units at $10/unit, grossing $5,000,000.
- Simultaneous private placement of 5,000 additional units to sponsor raised $50,000.
- Trust account now holds $60,000,000, up from $55M after IPO and private placement.
- Company canceled 81,250 Class B ordinary shares issued to sponsor due to option cancellation.
- Issued 22,500 additional representative shares to underwriters in connection with the option exercise.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1890361/000121390024101708/0001213900-24-101708-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1890361/000121390024101708/ea0222236-8k_aspac3.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-101708

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