Black Spade Acquisition III Co. (BIII.U) Prices $150M IPO
Black Spade Acquisition III Co. (NASDAQ:BIII.U) announced the pricing of its $150 million IPO and its units are expected to begin trading on the NYSE under the symbol “BIII.U”, Tuesday, January 6, 2026.
The new SPAC plans to mount a broad search for a target using its team’s existing deal-sourcing network.
Black Spade Acquisition Co. is to be led by Executive Chairman and Co-Chief Executive Officer Dennis Tam, Co-Chief Executive Officer and Chief Financial Officer Kester Ng and Co-Chief Executive Officer and Chief Operating Officer Richard Taylor. Russell Galbut, Robert Moore, Patsy Chan, and Sammy Hsieh are expected to serve on the SPAC’s Board.
Total SPAC deal count for 2026 year-to-date is now 2. This offering is expected to close on Wednesday, January 7, 2026.
Cohen & Company Capital Markets, a division of Cohen & Company Securities, LLC and Chardan are acting as joint book-running managers. Latham & Watkins LLP is serving as Issuer’s Counsel with Loeb & Loeb LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.
