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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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.
How do Black Spade Acquisition III Co (BIII) Class B ordinary shares convert into Class A shares?
The Class B ordinary shares will automatically convert into Class A ordinary shares on a one-for-one basis, concurrently with or immediately following the consummation of the company’s initial business combination, subject to certain adjustments.
Do the Class B ordinary shares of Black Spade Acquisition III Co (BIII) have an expiration date?
No. The filing states that the Class B ordinary shares have no expiration date.
What is the significance of the 26,087 Class B shares mentioned in the Black Spade Acquisition III Co (BIII) Form 3?
The filing notes that up to 26,087 of the reported Class B ordinary shares will be surrendered to the company for no consideration after the closing of the initial public offering, depending on the extent of the underwriters’ over-allotment option exercise.
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.