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Twelve Seas Investment Co III/Cayman
TWLVUCIK 0002052243NasdaqNon-AcceleratedSmaller ReportingEmerging GrowthBlank ChecksE9FY ends Dec 31
Period
FY 2025
Revenue
—
Net Income
$37.0K
Total Assets
$173.64M
Equity
$-6.20M
Shares Out
—
Op. Cash Flow
$-252.2K
Business
Twelve Seas Investment Co III is a blank check company (SPAC) incorporated in the Cayman Islands to identify and execute a business combination with one or more non-U.S. target businesses, particularly in oil and gas. The company focuses on acquiring established, profitable enterprises located outside the United States, with emphasis on the Pan-Eurasian region including Western Europe, Eastern Europe, Southeast Asia and the Middle East.
Summary from 10-K filed 2026-03-31
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 |
|---|---|---|
| General and administrative costs | 229,278 | |
| Loss from operations | −229,278 | |
| Dividends earned on marketable securities held in Trust Account | 266,306 | |
| Total other income | 266,306 | |
| NET INCOME (LOSS) | 37,028 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2024 2024-07-31 |
|---|---|---|---|---|
| Cash | 693,507 | 25,080 | — | |
| Prepaid expenses | — | 9,631 | — | |
| Due from Sponsor | 34,258 | — | — | |
| Prepaid insurance | 75,000 | — | — | |
| Total Current Assets | 802,765 | 34,711 | — | |
| Deferred offering costs | — | 47,235 | — | |
| Long-term prepaid insurance | 70,625 | — | — | |
| Marketable securities held in Trust Account | 173 | — | — | |
| TOTAL ASSETS | 174 | 81,946 | — | |
| Accrued expenses | 74,840 | — | — | |
| Accrued offering costs | 91,550 | 13,670 | — | |
| Due to Sponsor | 7,000 | — | — | |
| IPO Promissory Note | — | 60,500 | — | |
| Total current liabilities | 173,390 | 74,170 | — | |
| Deferred Fee | 7 | — | — | |
| TOTAL LIABILITIES | 7 | 74,170 | — | |
| Commitments (see Note 6) | — | — | — | |
| Class A Ordinary Shares subject to possible redemption, $0.0001 par value; 17,250,000 shares and 0 shares issued and outstanding at redemption value of approximately $10.01 per share and $0 per share as of December 31, 2025 and 2024, respectively | 173 | — | — | |
| Preference Shares, $0.0001 par value; 5,000,000 shares authorized; none issued or outstanding | — | — | — | |
| Additional paid-in capital | — | 24,431 | — | |
| Accumulated deficit | −6 | −17,224 | — | |
| Total Shareholders (Deficit) Equity | −6 | 7,776 | — | |
| TOTAL LIABILITIES AND SHAREHOLDERS (DEFICIT) EQUITY | 174 | 81,946 | — |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 |
|---|---|---|
| General and administrative costs paid by Sponsor under IPO Promissory Note related party | — | |
| Payment of accrued expenses under IPO Promissory Note - related party | 75,116 | |
| Due from Sponsor | −34,258 | |
| Prepaid insurance | −145,625 | |
| Accrued expenses | 74,840 | |
| Due to Sponsor | 7,000 | |
| Net cash used in operating activities | −252,205 | |
| Investment of cash in Trust Account | −173 | |
| Net cash used in investing activities | −173 | |
| Proceeds from sale of Units, net of underwriting discounts paid | 169 | |
| Proceeds from sale of Private Placement Units | 5 | |
| Proceeds from sale of Founder Shares | — | |
| Proceeds from IPO Promissory Note related party | 45,000 | |
| Repayment of IPO Promissory Note - related party | −277,396 | |
| Payment of offering costs | −346,972 | |
| Net cash provided by financing activities | 173 | |
| Net Change in Cash | 668,427 | |
| Deferred offering costs included in accrued offering costs | 91,550 | |
| Deferred offering costs paid by Sponsor under IPO Promissory Note related party | 96,780 | |
| Prepaid expenses paid by Sponsor under IPO Promissory Note related party | — | |
| Deferred Fee | 7 |
Filings
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Frequently asked questions
What is Twelve Seas Investment Co III/Cayman's CIK number?
Twelve Seas Investment Co III/Cayman's SEC CIK number is 0002052243 (2052243). 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 Twelve Seas Investment Co III/Cayman's SEC filings?
All of Twelve Seas Investment Co III/Cayman'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.