---
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"
generated_at: "2026-05-16T12:29:15.319277+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Twelve Seas Investment Company III closes $172.5M IPO; notes going concern uncertainty

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-124053
- JSON: https://secwatch.observer/filing/0001213900-25-124053.json
- Plain text: https://secwatch.observer/filing/0001213900-25-124053.txt

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