Berkley Companies Report Shared Voting Power Over 7.9% of ASPCU

Rhea-AI Filing Summary

W.R. Berkley Corporation and Berkley Insurance Company each report beneficial ownership of 515,570 Class A ordinary shares of A SPAC III Acquisition Corp., representing 7.9% of the Class A shares based on the issuer's publicly reported 6,555,000 shares outstanding as of May 9, 2025. The filers disclose no sole voting or dispositive power and report shared voting and shared dispositive power over the 515,570 shares, indicating coordinated or shared control of voting and disposition rights rather than individual control.

The filing indicates the holdings were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control. An exhibit (Exhibit 99.1) is referenced for subsidiary identification but is not included in the body of this filing.

Positive

• Material stake disclosed: 515,570 Class A shares, representing 7.9% of the class, exceeding the 5% reporting threshold
• Shared voting and dispositive power disclosed: The filing clearly states shared voting and shared dispositive power for the 515,570 shares

Negative

• Supporting exhibit referenced but not included: Exhibit 99.1 is cited for subsidiary identification but is not provided within this document

Insights

Financial Analyst

W.R. Berkley holds a material passive stake of 7.9%, with shared voting/dispositive power but no sole control.

The disclosed 515,570 shares equal 7.9% of Class A, crossing the 5% reporting threshold and making this a material ownership disclosure. The filers state the position is held in the ordinary course and not to influence control, which signals a passive intent. Shared voting and dispositive power could reflect ownership through affiliated entities or pooled arrangements; however, no additional transaction details or economic terms are provided in the filing itself.

Corporate Governance Expert

This is a routine, material ownership disclosure with implications for shareholder voting dynamics but no asserted bid for control.

The 7.9% stake is large enough to matter in shareholder votes yet the filing documents no sole voting or dispositive power and includes a certification that the shares were not acquired to influence control. Investors should note the filing references Exhibit 99.1 for subsidiary identification, which is not included here, limiting visibility into the precise legal pathways of shared power.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

A SPAC III Acquisition Corp.

(Name of Issuer)

Class A ordinary shares, no par value

(Title of Class of Securities)

G0544A103

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. G0544A103

1

Names of Reporting Persons

W. R. Berkley Corporation

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 515,570.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 515,570.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

515,570.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

7.9 %

12

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13G

CUSIP No. G0544A103

1

Names of Reporting Persons

Berkley Insurance Company

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 515,570.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 515,570.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

515,570.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

7.9 %

12

Type of Reporting Person (See Instructions)

IC, CO

SCHEDULE 13G

Item 1.
(a)	Name of issuer: A SPAC III Acquisition Corp.
(b)	Address of issuer's principal executive offices: The Sun's Group Center, 29th Floor, 200 Gloucester Road, Wan Chai, Hong Kong
Item 2.
(a)	Name of person filing: The information required by Item 2(a) is set forth in Row 1 of the cover page hereto for each Reporting Person and is incorporated herein by reference for each such Reporting Person.
(b)	Address or principal business office or, if none, residence: The address of each Reporting Person is: 475 Steamboat Road Greenwich, CT 06830
(c)	Citizenship: The information required by Item 2(c) is set forth in Row 4 of the cover page hereto for each Reporting Person and is incorporated herein by reference for each such Reporting Person.
(d)	Title of class of securities: Class A ordinary shares, no par value
(e)	CUSIP No.: G0544A103
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: The information required by Items 4(a)-(c) is set forth in Rows 5-11 of the cover page hereto for each Reporting Person and is incorporated herein by reference for each such Reporting Person. Calculation of the ownership percentage set forth in Row 11 is based on the Issuer's publicly available Form 10-Q filed May 9, 2025, which states that the Issuer had outstanding 6,555,000 Class A Ordinary Shares as of May 9, 2025.
(b)	Percent of class: 7.9 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0.00
	(ii) Shared power to vote or to direct the vote: 515,570.00
	(iii) Sole power to dispose or to direct the disposition of: 0.00
	(iv) Shared power to dispose or to direct the disposition of: 515,570.00
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. See Exhibit 99.1.
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

W. R. Berkley Corporation

Signature:	By: /s/ Richard M. Baio
Name/Title:	Richard M. Baio, Executive Vice President and Chief Financial Officer
Date:	08/08/2025

Berkley Insurance Company

Signature:	By: /s/ Richard M. Baio
Name/Title:	Richard M. Baio, Executive Vice President and Treasurer
Date:	08/08/2025

FAQ

What stake did W.R. Berkley report in ASPCU?

The filers report beneficial ownership of 515,570 Class A shares, equal to 7.9% of the Class A shares.

Which entities filed the Schedule 13G for ASPCU?

W.R. Berkley Corporation and Berkley Insurance Company are the reporting persons on this Schedule 13G.

How is voting and dispositive power allocated for the reported shares?

The filing reports 0 sole voting power and 0 sole dispositive power, with 515,570 shared voting and 515,570 shared dispositive power.

On what basis was the 7.9% ownership percentage calculated?

The percentage is calculated using the issuer's publicly reported figure of 6,555,000 Class A shares outstanding as of May 9, 2025.

Did the filers state any intent to influence control of ASPCU?

The certification states the securities were acquired and are held in the ordinary course of business and not to influence control of the issuer.

Is there additional subsidiary identification or exhibits included?

The filing references Exhibit 99.1 for subsidiary identification, but that exhibit is not provided in this document.