Black Spade Acquisition III issues up to $200,000 unsecured note to sponsor
Black Spade Acquisition III Co issued an unsecured promissory note of up to $200,000 to its sponsor, Black Spade Sponsor LLC III, on October 30, 2026. The proceeds will fund costs related to the company's proposed business combination, and the note carries no interest and is due by March 31, 2027 or on closing of the business combination, whichever is earlier.
Key points
- Note amount: up to $200,000, issued October 30, 2026 to Black Spade Sponsor LLC III
- Proceeds to cover costs and expenses related to the proposed business combination, drawn down over time
- No interest; payable on the earlier of March 31, 2027 or completion of the business combination
- Failure to pay principal within five business days of maturity, or a bankruptcy action, is an event of default allowing acceleration
The filing
Written by AI on Nov 9, 2026, 11:48 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 02, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.