Black Spade Acquisition III Co, a special purpose acquisition company (SPAC) sponsored by an affiliate of Black Spade Capital – the family office and private investment vehicle of Melco Resorts & Entertainment’s Chairman and CEO Lawrence Ho – announced on Tuesday the pricing of its initial public offering. The company is offering 15 million units at US$10.00 per unit, aiming to raise approximately US$150 million.
The units are expected to begin trading on the New York Stock Exchange (NYSE) on 6 January 2026 under the ticker symbol “BIIIU”. The offering is expected to close on 7 January 2026, subject to customary closing conditions.
Each unit consists of one Class A ordinary share and one-third of one redeemable warrant.
