BIII

Black Spade Acquisition III Co
—

Company Information

Company Name
Black Spade Acquisition III Co
CIK
CIK0002087087
Category
<br>Emerging growth company
Ticker: Exchange
BIII: NYSE, BIII-UN: NYSE, BIII-WT: NYSE
Fiscal Year End
December 31
Owner Organization
05 Real Estate & Construction
SIC
6770
SIC Description
Blank Checks
Ticker
BIII

SEC filing data through

Insider Sentiment

Last purchase
—
Last sale
—
Shares purchased (TTM)
0
Shares sold (TTM)
0
Buy ratio (TTM)—

Institutional Sentiment

As of
2026-06-30
Institutional shares owned
13,005,278
Shares outstanding
17,250,000
Ownership
75.39%

Earnings Market Reaction

Filing date
2026-08-11
Price on filing date
—
1-month reaction
0.90%
3-month reaction
…
Drift continued1/2 (50%)
Faded / reversed1/2 (50%)

Balance Sheet

Values in millions ($)
Line item2026-06-302026-03-312025-12-312025-09-30Subscriber-only columnSubscriber-only columnSubscriber-only columnSubscriber-only columnSubscriber-only columnTrend
Assets Current
Prepaid Expense Current---0
Cash113-
Prepaid Insurance00--
Assets Current1130
Deferred Costs--00
Assets Held In Trust Noncurrent175174--
Assets17617540
Liabilities Current
Accrued Liabilities Current1000
Other Liabilities Current--3-
Notes Payable Current--00
Liabilities Current1040
Liabilities8740
Stockholders Equity
Additional Paid In Capital--00
Retained Earnings Accumulated Deficit-7-6-0-0
Stockholders Equity-7-6-00
Liabilities And Stockholders Equity17617540
Common Class A01700
Common Class B0666
Founder Share--01
Common Classa Subject To Possible Redemption00--
Common Classa Not Subject To Possible Redemption00--
Related Party0000
Sponsor0000
Preferred Stock Par Or Stated Value Per Share0.000.000.000.00
Preferred Stock Shares Authorized2222
Preferred Stock Shares Issued0000
Preferred Stock Shares Outstanding0000

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Black Spade Acquisition III Co (BIII) — SEC Financial Statements & Analysis

Black Spade Acquisition III Co (BIII) is a blank checks company, incorporated in K3. Black Spade Acquisition III Co trades on NYSE as: BIII, BIII-UN, BIII-WT. Black Spade Acquisition III Co (BIII)'s most recent SEC filing is a Form 10-Q for the period ended 2026-06-30, filed with the SEC on 2026-08-11. Based on that filing, Black Spade Acquisition III Co carries a market cap of $171.64M, a P/E ratio of 93.96x, a P/B ratio of -24.76x, an enterprise value of $171.00M, and an EV/EBITDA multiple of -149.73x. On profitability, it posts a Return on Equity (ROE) of -26.35% and a Return on Assets (ROA) of 1.04%. Per share, it reports EPS of $0.11, diluted EPS of $0.11, free cash flow per share of $-0.03, and a dividend per share of $0.00. On the balance sheet, it maintains a current ratio of 0.93x, a quick ratio of 0.93x, working capital of $-56.18K, a debt-to-equity ratio of -1.11x, a debt ratio of 0.04, free cash flow of $-462.07K (TTM), and net debt of $-638.93K. Figures sourced from SEC EDGAR.

Market Cap
$171.64M
P/E TTM
93.96x
EPS TTM
$0.11
P/B TTM
-24.76x
ROE TTM
-26.35%
ROA TTM
1.04%
Debt To Equity
-1.11x
Free Cash Flow TTM
$-462.07K

Data as of 2026-06-30 · Source: SEC EDGAR

Frequently Asked Questions

What industry is Black Spade Acquisition III Co in?

Black Spade Acquisition III Co (BIII) operates in the Blank Checks industry.

What exchange does BIII trade on?

Black Spade Acquisition III Co (BIII) trades on the NYSE.

Where is Black Spade Acquisition III Co incorporated?

Black Spade Acquisition III Co is incorporated in Hong Kong.

When was Black Spade Acquisition III Co (BIII)'s most recent SEC filing?

Black Spade Acquisition III Co (BIII)'s most recent SEC filing is a Form 10-Q for the period ended 2026-06-30, filed with the SEC on 2026-08-11.

What is BIII's market cap?

Black Spade Acquisition III Co (BIII) has a market capitalization of $171.64M as of 2026-06-30.

What is BIII's P/E ratio?

Black Spade Acquisition III Co (BIII)'s trailing twelve month P/E ratio is 93.96x as of 2026-06-30.

What is BIII's EPS (earnings per share)?

Black Spade Acquisition III Co (BIII)'s trailing twelve month EPS is $0.11 as of 2026-06-30.

What is BIII's ROE (return on equity)?

Black Spade Acquisition III Co (BIII)'s trailing twelve month Return on Equity (ROE) is -26.35% as of 2026-06-30.

What is BIII's ROA (return on assets)?

Black Spade Acquisition III Co (BIII)'s trailing twelve month Return on Assets (ROA) is 1.04% as of 2026-06-30.

What is BIII's EV/EBITDA?

Black Spade Acquisition III Co (BIII)'s trailing twelve month EV/EBITDA is -149.73x as of 2026-06-30.

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