ASPAC III Acquisition Corp.
Business
ASPAC III Acquisition Corp. is a blank-check special purpose acquisition company incorporated in the British Virgin Islands that completed an initial public offering. The company searches for and acquires business-combination targets with focus on Environmental, Sustainability and Governance (ESG) and material-technology sectors globally, including China-based opportunities. As of the filing date, the company has signed a merger agreement with Bioserica International Limited, a bio-based antimicrobial materials developer with China subsidiaries.
Summary from 10-K filed 2026-03-04
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 |
|---|---|---|---|---|
| General and administrative expenses | 213,529 | 152,368 | 2,650 | |
| Legal and professional expenses | 613,771 | 434,738 | — | |
| Loss from operations | −827,300 | −587,106 | −2,650 | |
| Interest income | 2 | 360,723 | — | |
| Income (loss) before tax expense | 1 | −226,383 | −2,650 | |
| Tax expense | — | — | — | |
| Net income (loss) | 1 | −226,383 | −2,650 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|
| Cash | 871,350 | 2 | — | — | |
| Prepaid expenses | 84,366 | 116,733 | — | — | |
| Total current assets | 955,716 | 2 | — | — | |
| Investments held in trust account | 3 | 60 | — | — | |
| Total Assets | 4 | 62 | — | — | |
| Accounts payable and accrued expenses | 535,955 | 241,113 | — | — | |
| Total current liabilities | 535,955 | 517,334 | 140,576 | — | |
| Total Liabilities | 535,955 | 517,334 | 140,576 | — | |
| Commitments and Contingencies (Note 6) | — | — | — | — | |
| Class A ordinary shares subject to possible redemption, no par value; 100,000,000 shares authorized; 282,581 shares issued and outstanding at redemption value of $10.55 per share and 6,000,000 shares issued and outstanding at redemption value of $9.62 as of December 31, 2025 and 2024, respectively | 3 | 58 | — | — | |
| Preference shares, no par value; 1,000,000 shares authorized; none issued and outstanding as of December 31, 2025 and 2024 | — | — | — | — | |
| Additional paid-in capital | — | 4 | 25,000 | — | |
| Retained earnings (accumulated deficit) | 419,761 | −391,959 | −165,576 | — | |
| Total shareholders equity | 419,761 | 4 | −140,576 | −137,926 | |
| Total Liabilities, Shares Subject to Redemption and Shareholders Equity | 4 | 62 | — | — |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 |
|---|---|---|---|---|
| Interest earned on investments held in trust account | −2 | −356,959 | — | |
| Prepaid expenses | 32,367 | −116,733 | — | |
| Due from related party | 2,576 | — | 5,300 | |
| Accounts payable and accrued expenses | 294,842 | 226,188 | — | |
| Net Cash Used in Operating Activities | −451,319 | −473,887 | — | |
| Cash withdrawn from Trust Account to pay public shareholder redemptions | 60 | — | — | |
| Purchase of investment held in Trust Account | — | −60 | — | |
| Net Cash Provided by (Used in) Investing Activities | 60 | −60 | — | |
| Payment of public shareholder redemptions | −60 | — | — | |
| Proceeds from sale of public units | — | 60 | — | |
| Proceeds from sale of private placement units | — | 3 | — | |
| Proceeds from issuance of promissory note to related party | — | 150,570 | — | |
| Payment of underwriter commissions | — | −600,000 | — | |
| Payment of offering costs | — | −325,217 | — | |
| Repayment of promissory note - related party | −276,221 | — | — | |
| Advance to a related party | — | −2,576 | — | |
| Net Cash (Used In) Provided by Financing Activities | −60 | 62 | — | |
| Net Change in Cash | −727,540 | 2 | — | |
| Initial classification of ordinary shares subject to redemption | — | 57 | — | |
| Accretion of carrying value to redemption value of Class A redeemable ordinary shares | 5 | 696,244 | — | |
| Deferred offering costs paid via promissory note - related party | — | 88,867 | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is ASPAC III Acquisition Corp.'s CIK number?
ASPAC III Acquisition Corp.'s SEC CIK number is 0001890361 (1890361). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find ASPAC III Acquisition Corp.'s SEC filings?
All of ASPAC III Acquisition Corp.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.