Every 8-K that Black Spade Acquisition III Co (BIII) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, 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 Co (BIII) entered into a Business Combination Agreement with Astrum Space Inc and its Singapore subsidiary under which Astrum will merge into BIII, which will survive and be renamed “Astrum Space Company,” with its ordinary shares expected to trade on the NYSE under a new ticker.
At closing, Astrum’s parent, Astrum Space Holding Inc, will exchange its Astrum shares for 100,000,000 Listco Shares, and, assuming no redemptions, Astrum’s existing shareholders are expected to own over 80% of the combined company. BIII currently has approximately US$172.5 million of cash in trust. All BIII units will separate into Class A shares and warrants, and existing Class B shares will convert into Class A before the merger. All BIII warrants will become exercisable for Listco Shares on existing terms.
The agreement includes an earn-out of up to 25,500,000 Performance Shares for Astrum Holding tied to NEASTAR-1 satellite milestones, an equity incentive plan reserving up to 20% of post-closing fully diluted shares, a founder support commitment of up to US$168,000,000, and a US$3,500,000 sponsor transaction bonus. Closing is subject to NYSE listing approval, shareholder approvals, Form F-4 effectiveness, financing efforts, and customary termination rights, including an outside date of May 27, 2027.
Black Spade Acquisition III is allowing investors to trade its Class A ordinary shares and redeemable warrants separately from its units starting January 29, 2026. The company previously completed an initial public offering of 17,250,000 units at $10.00 per unit, generating $172,500,000 in gross proceeds. Each unit contains one Class A share and one-third of a warrant, with each whole warrant exercisable for one Class A share at $11.50 per share.
Units will continue to trade on the NYSE under the symbol BIIIU, while separated Class A shares and warrants will trade under BIII and BIIIW, respectively. No fractional warrants will be issued, and only whole warrants will trade. Holders who want to separate their units must have their brokers contact Continental Stock Transfer & Trust Company, the transfer agent.
Black Spade Acquisition III Co filed an amended report to correct the cover-page date and typographical errors in an exhibit, while confirming details of its recent initial public offering. On January 7, 2026, the company completed its IPO of 17,250,000 units at $10.00 per unit, including 2,250,000 units from the full exercise of the underwriters’ over-allotment option, generating $150,000,000 in gross proceeds. Each unit contains one Class A ordinary share and one-third of a redeemable warrant exercisable at $11.50 per share. Substantially concurrently, the company sold 8,150,000 private placement warrants at $0.50 each, providing additional gross proceeds of $4,075,000. A total of $172,500,000 was deposited into a U.S.-based trust account for the benefit of public shareholders, and an audited balance sheet as of January 7, 2026 is included as an exhibit.
Black Spade Acquisition III Co reports that it has completed its initial public offering of 17,250,000 units, including the full over-allotment, at $10.00 per unit, generating $150,000,000 in gross proceeds. Each unit contains one Class A ordinary share and one-third of one redeemable warrant, with each whole warrant exercisable for one share at $11.50.
The company also sold 8,150,000 private placement warrants at $0.50 each, raising $3,500,000 from the sponsor and $575,000 from the underwriters. In total, $172,500,000, consisting of IPO net proceeds and part of the private placement proceeds, was deposited into a U.S.-based trust account for the benefit of public shareholders. An audited balance sheet as of January 7, 2026 reflecting these proceeds is included as an exhibit.
Black Spade Acquisition III Co reported the closing of its initial public offering of 17,250,000 units at $10.00 per unit, generating gross proceeds of $172,500,000. Each unit includes one Class A ordinary share and one-third of a redeemable warrant exercisable at $11.50 per share.
Substantially concurrently, the company sold 8,150,000 private placement warrants at $0.50 each, raising additional gross proceeds of $4,075,000. A total of $172,500,000, consisting of IPO net proceeds and a portion of private placement proceeds, was deposited into a U.S.-based trust account for the benefit of public shareholders.
The company appointed Russell Galbut, Robert Moore, Patsy Chan and Sammy Hsieh as independent directors, formed audit, nominating and compensation committees, entered into indemnification agreements with directors and officers, and adopted an Amended and Restated Memorandum and Articles of Association.