Moore reports 20,000 Class B shares in Black Spade Acquisition III (BIII)
Rhea-AI Filing Summary
Black Spade Acquisition III Co director Moore Robert Steven filed an initial statement of beneficial ownership showing 20,000 Class B ordinary shares held directly. These Class B shares will automatically convert into Class A ordinary shares on a one-for-one basis, subject to customary adjustments, when the company completes its initial business combination. Up to 2,609 of the Class B shares may be surrendered to the company for no consideration after the initial public offering, depending on how much of the underwriters' over-allotment option is exercised.
Positive
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class B ordinary shares | -- | -- | -- |
Footnotes (1)
- The Class B ordinary shares of the issuer will automatically convert into Class A ordinary shares of the issuer on a one-for-one basis (subject to certain adjustments, including share sub-divisions, share capitalizations, reorganizations, recapitalizations and other transactions) concurrently with or immediately following the consummation of the issuer's initial business combination, as described in the section entitled "Description of Securities" in the issuer's registration statement on Form S-1 (File No. 333-290602) filed with the Securities and Exchange Commission on September 30, 2025. The Class B ordinary shares have no expiration date. Up to 2,609 of the Class B ordinary shares reported herein will be surrendered to the issuer for no consideration after the closing of the initial public offering depending on the extent to which the underwriters' over-allotment option is exercised.
FAQ
What does the Black Spade Acquisition III (BIII) Form 3 filing show?
The filing shows that director Moore Robert Steven has an initial beneficial holding of 20,000 Class B ordinary shares of Black Spade Acquisition III Co, held directly.
Is the reporting person a director or a 10% owner of BIII?
The reporting person, Moore Robert Steven, is identified as a director of Black Spade Acquisition III Co and is not marked as a 10% owner in this filing.