ASPAC III Acquisition Corp. Files 8-K

TL;DR

ASPAC III Acquisition Corp. filed an 8-K, former name SPAC III Acquisition Corp.

AI Summary

ASPAC III Acquisition Corp. filed an 8-K on November 22, 2024, reporting on events that occurred on November 19, 2024. The filing is related to "Other Events" and "Financial Statements and Exhibits." ASPAC III Acquisition Corp. was formerly known as SPAC III Acquisition Corp. until October 25, 2021.

Why It Matters

This 8-K filing indicates ongoing corporate activities and reporting requirements for ASPAC III Acquisition Corp., a SPAC, which could signal future business developments or financial updates.

Risk Assessment

Risk Level: low — This filing is a routine 8-K for a SPAC, indicating standard reporting rather than a specific material event.

Key Players & Entities

• ASPAC III Acquisition Corp. (company) — Registrant
• SPAC III Acquisition Corp. (company) — Former name of Registrant

FAQ

Key Financial Figures

• $10.00 — Units were sold at an offering price of $10.00 per Unit, generating gross proceeds of
• $55,000,000 — per Unit, generating gross proceeds of $55,000,000. The Company granted the underwriters a
• $2,800,000 — ment Unit, generating total proceeds of $2,800,000. As of November 12, 2024, a total of $
• $5,000,000 — unit generated total gross proceeds of $5,000,000. On November 19, 2024, simultaneously w
• $50,000 — he Sponsor generating gross proceeds of $50,000. On November 19, 2024, an additional $
• $0.10 — ess the underwriters’ discount of $0.10 per Over-Allotment Option Unit ($50,000
• $60,000,000 — Trust Account, resulting in a total of $60,000,000 held in the Trust Account. In connecti

Filing Documents

• ea0222236-8k_aspac3.htm (8-K) — 23KB
• ea022223601ex99-1_aspac3.htm (EX-99.1) — 66KB
• 0001213900-24-101708.txt ( ) — 90KB

01. Other Events

Item 8.01. Other Events As previously disclosed on a Current Report on Form 8-K dated November 8, 2024, on November 12, 2024, A SPAC III Acquisition Corp. (the “Company”) consummated the IPO of 5,500,000 units (the “Units”). Each Unit consists of one Class A ordinary share (“Ordinary Share”) and one right (“Right”) to receive one-tenth of one Ordinary Share upon the consummation of an initial business combination. The Units were sold at an offering price of $10.00 per Unit, generating gross proceeds of $55,000,000. The Company granted the underwriters a 45-day option to purchase up to 825,000 additional Units to cover over-allotments. Simultaneously with the closing of the IPO and the sale of the Units, the Company consummated the private placement (“Private Placement”) of 280,000 units (the “Private Placement Units”) to the Sponsor at a price of $10.00 per Private Placement Unit, generating total proceeds of $2,800,000. As of November 12, 2024, a total of $55,000,000 of the proceeds from the IPO and the private placement with A SPAC III (Holdings) Corp., the Company’s sponsor, were deposited in a trust account established for the benefit of the Company’s public shareholders. An audited balance sheet as of November 12, 2024 reflecting receipt of the proceeds upon consummation of the IPO and the sale of the private placement was issued by the Company and filed as an exhibit to a Current Report on Form 8-K dated November 12, 2024. Subsequently, on November 15, 2024, the underwriters notified the Company of its partial exercise of their over-allotment option. The closing of the issuance and sale of the additional Units (the “Over-Allotment Option Units”) occurred on November 19, 2024. The total aggregate issuance by the Company of 500,000 Over-Allotment Option Units at a price of $10.00 per unit generated total gross proceeds of $5,000,000. On November 19, 2024, simultan

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. Exhibit No. Description 99.1 Unaudited Pro Forma Balance Sheet dated November 19, 2024 1

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: November 22, 2024 A SPAC III ACQUISITION CORP. By: /s/ Claudius Tsang Name: Claudius Tsang Title: Chief Executive Officer and Chief Financial Officer 2

View Full Filing

View this 8-K filing on SEC EDGAR