Here are the 10-K annual reports from Black Spade Acquisition III Co (BIII) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow BIII and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full BIII filings page.
Black Spade Acquisition III is a Cayman Islands blank check company formed to merge with a private business, effectively taking it public. It focuses on entertainment-related targets, including enabling technology, lifestyle brands, media and businesses tied to digital financial and entertainment infrastructure.
The company completed an initial public offering of 17,250,000 units at $10.00 each, placing $172,500,000 into a U.S. trust account, or $10.00 per public share. As of February 27, 2026, 17,250,000 Class A ordinary shares and 5,750,000 Class B founder shares were outstanding.
Black Spade III has 24 months from its IPO closing to consummate a business combination, extendable to 27 months if a qualifying deal is signed within 24 months. Public shareholders are offered cash redemption rights at a price tied to the cash held in the trust account.