A SPAC III Acquisition Corp. signs non-binding $300M stock deal for HDEducation Group

ASPAC III Acquisition Corp.

Reincorporation merger creates new BVI parent; then subsidiary merges into HD Group, making it a wholly owned subsidiary.
Consideration of $300M paid in Purchaser ordinary shares at $10 per share; all existing HD equity canceled.
Key conditions: SEC registration statement effectiveness, Nasdaq approval, ODI filings by HD shareholders, no material adverse change.
Agreement non-binding until execution of definitive agreements; may be terminated if HD interim financials not delivered by Jan 31, 2025.

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