A SPAC III Acquisition Corp. (Ticker: ASPCU) is a blank-check company based in Hong Kong, incorporated in the British Virgin Islands. The SPAC is focused on targeting companies in the environmental, sustainability, governance (ESG), and material technology sectors, seeking acquisitions with a total enterprise value between $100 million and $600 million. Led by Claudius Tsang, who has over 20 years of experience in capital markets, the firm aims to leverage expertise in private equity and M&A within Greater China and emerging markets.

A SPAC III Acquisition Corp. is offering 5.5 million units at $10.00 each, intending to raise $55 million. Each unit consists of one share of common stock and one right to receive one-tenth of an additional share upon completing an initial business combination. The company is expected to begin trading on NASDAQ on November 8, 2024. Maxim Group LLC is the lead underwriter for this offering, with an estimated market capitalization of $74.03 million.