{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-25-124053","form_type":"8-K","ticker":"TWLV","cik":"0002052243","company_name":"Twelve Seas Investment Co III/Cayman","filed_at":"2025-12-22T23:59:59+00:00","discovered_at":"2026-05-14T18:02:41.479518+00:00","generated_at":"2026-05-16T12:29:15.319277+00:00","sec_items":["8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Twelve Seas Investment Company III closes $172.5M IPO; notes going concern uncertainty","bullets":["IPO of 17,250,000 units at $10.00 per unit completed Dec 15, 2025, including full over-allotment; gross proceeds $172.5M.","Private placement of 495,000 units at $10.00 each to Sponsor and CCM raised $4.95M.","Gross proceeds of $172.5M placed in trust account; trust assets held in cash.","Audited balance sheet shows shareholders' deficit of $7.1M and cash of only $2,126.","Independent auditor raises substantial doubt about going concern due to insufficient liquidity to sustain operations for one year."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-25-124053","json":"https://secwatch.observer/filing/0001213900-25-124053.json","markdown":"https://secwatch.observer/filing/0001213900-25-124053.md","text":"https://secwatch.observer/filing/0001213900-25-124053.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/2052243/000121390025124053/0001213900-25-124053-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/2052243/000121390025124053/ea0270310-8k_twelve3.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T12:29:15.319277+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"}