Black Spade Acquisition III Co（BIII）资讯与事件BIIIBlack Spade Acquisition III Co

Astrum Space and Black Spade to Merge, Valued at Approximately $1B

Astrum Space and Black Spade Acquisition III announced that they have entered into a business combination agreement. Upon the completion of the transactions contemplated by the business combination agreement, the combined company will be renamed as "Astrum Space Company" and its ordinary shares will be listed on the New York Stock Exchange. The business combination values Astrum at an equity value of approximately $1B, not including cash from BIII's approximately $172.5M of cash in trust. The transaction is expected to close by the end of 2026, subject to regulatory and shareholder approvals, and other customary closing conditions. After the transaction, assuming no BIII shareholders elect to have their BIII shares redeemed for cash as permitted, existing shareholders of Astrum will hold over 80% of the combined company.