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.
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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.
How many Black Spade Acquisition III Class B shares does Moore Robert Steven own?
Moore Robert Steven reports beneficial ownership of 20,000 Class B ordinary shares of Black Spade Acquisition III Co, held in direct ownership.
What are the conversion terms for BIII Class B ordinary shares?
The Class B ordinary shares will automatically convert into Class A ordinary shares on a one-for-one basis, subject to certain adjustments, when Black Spade Acquisition III Co completes its initial business combination. The Class B shares have no expiration date.
Can some of these Class B shares be surrendered after the IPO?
Yes. The disclosure states that up to 2,609 of the Class B ordinary shares reported may be surrendered to Black Spade Acquisition III Co for no consideration after the closing of the initial public offering, depending on the extent to which the underwriters' over-allotment option is exercised.
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.
Are the reported Black Spade Acquisition III shares held directly or indirectly?
The 20,000 Class B ordinary shares reported for Moore Robert Steven are shown as held in direct (D) ownership, with no separate entity listed for indirect beneficial ownership.