Black Spade Acquisition III Co is a Hong Kong-based special purpose acquisition company (SPAC) sponsored by Black Spade Capital Limited, formed to effect a merger, share exchange, asset acquisition, share purchase, reorganization or other business combination with one or more businesses or assets; core focus includes opportunities in the leisure, entertainment and digital assets ecosystems, with potential targets across digital entertainment, Web3 technologies, and related financial infrastructure. Founded in 2025 and headquartered in Hong Kong, the company seeks to identify and combine with a target that complements its strategic emphasis on cross-border consumer experiences, entertainment ecosystems and digital asset platforms; its corporate structure is designed to pursue a combination that accelerates scale, partnerships and market access for target businesses. Operations are intended to span multiple regions, enabling access to global leisure and digital asset markets, with a management team drawn from Black Spade Capital affiliates and prior SPAC ventures to drive execution, governance and post-merger integration. Primary business activity centers on completing a qualifying business combination within a 24-month timeline, after which the SPAC would typically liquidate if a transaction is not consummated; the company plans to deploy proceeds from its IPO toward strategic investments, accretive acquisitions and potential platform-building initiatives in its target segments.