Twelve Seas Investment Co III (Ticker: TWLVU US) is a United States-based blank check company (SPAC) formed for the purpose of effecting a merger, asset acquisition, or similar business combination. Led by CEO Dimitri Elkin, the company intends to focus its search on global companies outside the United States, particularly established profitable enterprises in sectors such as oil and gas. The strategy also includes considering U.S. targets owned by non-U.S. shareholders, such as sovereign wealth funds and family offices.
The company is scheduled to begin trading on the NASDAQ Global Market on 12 December 2025. The IPO was priced on 11 December 2025, offering 15,000,000 units at US$10.00 per unit, raising gross proceeds of US$150 million. Each unit consists of one Class A ordinary share and one right to receive one-tenth of a Class A ordinary share upon the consummation of an initial business combination. Cohen & Company Capital Markets serves as the sole book-running manager for the offering.