Black Spade Acquisition III Co. (Ticker: BIIIU US) is a Cayman Islands-incorporated blank check company (SPAC) headquartered in Hong Kong. The company specializes in the leisure, entertainment, and digital asset sectors, specifically seeking acquisition targets involved in Web3 technologies, financial services infrastructure, and blockchain-driven business models. The leadership team includes Chairman and Co-CEO Dennis Tam, who is the President and CEO of Black Spade Capital, alongside Co-CEOs Kester Ng and Richard Taylor, leveraging experience from GRE Investment Advisors.

Black Spade Acquisition III plans to list on the New York Stock Exchange (NYSE) on January 6, 2026. The company priced its initial public offering of 15 million units at $10.00 per unit, raising $150 million. Each unit consists of one Class A ordinary share and one-third of one redeemable warrant. Cohen & Company Capital Markets and Chardan are serving as the underwriters for the transaction. According to regulatory filings, the company plans to use the IPO proceeds to facilitate the search for and completion of a merger or business combination within its targeted industries.