A SPAC III Acquisition Corp. Reports Net Income of $379,939 for Quarter Ending June 30, 2025

A SPAC III Acquisition Corp. reported its financial results for the quarter ending June 30, 2025, revealing a net income of $379,939, a significant increase from a net loss of $8,000 during the same period in 2024. The company generated interest income of $646,975, which contributed to its profitability, while general and administrative expenses rose to $267,036 from $8,000 in the prior year. For the six months ended June 30, 2025, the company recorded a net income of $793,141, compared to a net loss of $8,000 for the same period in 2024.

The company’s total assets as of June 30, 2025, amounted to $62,776,001, a slight increase from $62,075,158 at the end of 2024. Cash reserves decreased to $1,068,509 from $1,598,890, while investments held in the trust account rose to $61,624,847 from $60,356,959. The company’s liabilities remained stable, with total liabilities reported at $425,036, down from $517,334 at the end of the previous fiscal year. Shareholders' equity also decreased to $1,898,177 from $3,863,392, primarily due to the accretion of carrying value to redemption value of Class A redeemable ordinary shares.

In terms of strategic developments, A SPAC III Acquisition Corp. has been actively pursuing business combinations. The company entered into a merger agreement with Bioserica International Limited on May 23, 2025, with an aggregate consideration of $217,860,000. This merger is part of the company’s strategy to focus on businesses in the Environmental, Sustainability, and Governance (ESG) sectors. However, a previous agreement with HD Group was mutually terminated on May 21, 2025, indicating a shift in focus or strategy.

Operationally, the company has not yet commenced any revenue-generating activities, as it remains in the process of identifying suitable target businesses for acquisition. As of June 30, 2025, the company had 6,555,000 Class A ordinary shares and 1,500,000 Class B ordinary shares outstanding. The company is classified as a non-accelerated filer and an emerging growth company, which allows it to take advantage of certain reporting exemptions. The management has expressed concerns regarding its ability to continue as a going concern if it fails to complete a business combination by November 12, 2025, which could lead to liquidation.

Looking ahead, A SPAC III Acquisition Corp. plans to utilize its cash reserves and funds held in the trust account to pursue potential business combinations. The company has indicated that it may need to secure additional financing to meet its obligations or to complete a business combination, which could involve issuing new securities or incurring debt. The management remains optimistic about identifying suitable acquisition targets but acknowledges the inherent risks and uncertainties associated with the process.