Black Spade Acquisition III Co Announces Closing of $172.5 Million Initial Public Offering, Including Full-Exercise of Over-Allotment Option

Core Insights - Black Spade Acquisition III Co, a SPAC sponsored by Black Spade Capital Limited, has successfully closed its initial public offering (IPO) [1] - The IPO consisted of 17,250,000 units, which included 2,250,000 units from the underwriters' over-allotment option [1] - The offering was priced at $10.00 per unit, leading to total gross proceeds of $17 million for the company [1]