Quarterly ResultAug 11, 2026, 06:08 AM
Black Spade III Q2 Net Income $848K; Trust Account $175.5M
AI Summary
Black Spade Acquisition III Co reported a net income of $848,429 for the three months ended June 30, 2026, and $1,935,638 for the six months ended June 30, 2026, primarily from interest on its Trust Account. The Trust Account held $175,468,775 as of June 30, 2026, following its Initial Public Offering in January 2026. The company, a SPAC, is seeking a business combination but noted a going concern risk due to potential future funding requirements.
Key Highlights
- Net income for the three months ended June 30, 2026, was $848,429.
- Net income for the six months ended June 30, 2026, was $1,935,638.
- Cash held in the Trust Account reached $175,468,775 as of June 30, 2026.
- Interest earned on cash in Trust Account was $2,968,775 for six months.
- Basic and diluted EPS for Class A ordinary shares was $0.08 for six months.
- Total Assets increased to $176,222,050 from $3,662,952 since December 2025.
- Company identified a going concern risk due to potential future funding needs.
Price Impact
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