Black Spade Acquisition III Co, a SPAC sponsored by Black Spade Capital Limited, priced its initial public offering of 15,000,000 units at $10.00 per unit.
Each unit includes one Class A ordinary share and one-third of a redeemable warrant, with whole warrants exercisable at $11.50 per share.
The offering is expected to close on January 7, 2026, with the underwriters having an option to purchase additional units.
Management Team Background
Led by Dennis Tam, Kester Ng, and Richard Taylor, who have prior SPAC experience with successful mergers.
Underwriters
Cohen & Company Capital Markets and Chardan are acting as joint book-running managers for the offering.
IPO Details
15,000,000 units priced at $10.00 each, with ticker symbols BIIIU, BIII, and BIIIW for trading.
- Black Spade Acquisition III Co expands its SPAC franchise with a strong background in lifestyle and entertainment.
- The offering reflects confidence in the leisure and entertainment industry, emphasizing AI, robotics, and digital assets.
- Previous successful SPAC mergers by the management team add credibility to the new offering.
Black Spade Acquisition III Co's IPO pricing signals a strategic move into the leisure and entertainment space with a focus on digital advancements, backed by experienced leadership.