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DealsNov 5, 2026, 07:22 AM

Black Spade III, Astrum Amend Merger Deal for Stock Exchange Flexibility

AI Summary

Black Spade Acquisition III Co (BIII) announced a First Amendment to its Business Combination Agreement with Astrum Space Inc. The amendment allows the parties to mutually agree on listing the combined company's shares on either the New York Stock Exchange (NYSE) or The Nasdaq Stock Market LLC, providing flexibility beyond the original agreement's focus solely on the NYSE. This change aims to optimize the listing process for the surviving entity post-merger.

Key Highlights

  • Black Spade Acquisition III Co and Astrum Space Inc amend Business Combination Agreement.
  • Parties agree to list Merger Surviving Company on either NYSE or Nasdaq.
  • Amendment modifies original Business Combination Agreement dated August 27, 2026.
  • The amendment aims to provide flexibility in stock exchange listing for the combined entity.