Black Spade Acquisition III Co (Nasdaq: BIII) is a blank-check company sponsored by Black Spade Capital Limited, a Hong Kong-based investment and asset-management firm associated with the Ho family. The vehicle is the third SPAC in the Black Spade series, following Black Spade Acquisition Co, which completed its merger with VinFast Auto in 2023. BIII raised capital in its initial public offering and, as of a Form 425 communication filed with the SEC on August 27, 2026, is actively in the process of pursuing a business combination. The Black Spade franchise has historically targeted opportunities spanning technology, entertainment, and consumer sectors. Visit SpacDesk and sign up for full data on BIII, including deal status, filing history, and comparative SPAC analytics.