A
ASPAC III Acquisition Corp.
ASPCUCIK 0001890361NasdaqEmerging GrowthBlank ChecksD8VGFY ends Dec 31
Period
FY 2025
Revenue
—
Net Income
$1.34M
Total Assets
$3.94M
Equity
$419.8K
Shares Out
—
Op. Cash Flow
$-451.3K
Business
ASPAC III Acquisition Corp. is a blank check special purpose acquisition company formed to effect a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination. It offers public Units (each consisting of a Class A ordinary share and a fractional right), Private Placement Units and related securities, and holds IPO proceeds in a trust account with redemption rights for public shareholders. The company operates as a single corporate vehicle focused on sourcing and completing an initial business combination, targeting companies primarily in the Environmental, Sustainability and Governance (ESG) and material technology sectors. It pursues targets globally and trades its securities on the Nasdaq, with management having significant ties and potential acquisition focus in China.
Summary from filing dated 2025-03-05
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| 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
As of · In millions, except per-share amounts
| 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
Year Ended · In millions, except per-share amounts
| 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
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