Black Spade Acquisition III Co (BIII) director lists 200,000 Class B shares
Rhea-AI Filing Summary
Black Spade Acquisition III Co insider TAM CHI WAI DENNIS, a director and officer, filed an initial ownership report showing direct beneficial ownership of 200,000 Class B ordinary shares as of 01/05/2026. These Class B shares will automatically convert into Class A ordinary shares on a one-for-one basis, concurrently with or immediately following the company’s initial business combination, and they have no expiration date. Up to 26,087 of the reported Class B shares may be surrendered to the company for no consideration after the closing of the initial public offering, depending on how much of the underwriters’ over-allotment option is exercised.
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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 26,087 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 insider position was reported in Black Spade Acquisition III Co (BIII) Form 3?
The Form 3 shows that TAM CHI WAI DENNIS, a director and officer of Black Spade Acquisition III Co, beneficially owns 200,000 Class B ordinary shares directly.
What roles does TAM CHI WAI DENNIS hold at Black Spade Acquisition III Co (BIII)?
The reporting person is both a director and an officer of Black Spade Acquisition III Co, with the officer title referenced in the remarks section.
Is TAM CHI WAI DENNIS reported as a 10% owner of Black Spade Acquisition III Co (BIII)?
No. The Form 3 indicates that TAM CHI WAI DENNIS is a director and officer but is not marked as a 10% owner.