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A SPAC III Acquisition Corp.
Companies
Tables in SEC filings
Source
Class B ordinary shares | Additional paid-in | Accumulated | Total shareholder’s | |||||||||||||||||
Shares (1) (2) | Amount | capital | deficit | deficit | ||||||||||||||||
Balance as of January 1, 2023 | 1,581,250 | $ | — | $ | 25,000 | $ | (162,926) | $ | (137,926) | |||||||||||
Net loss | — | — | — | — | — | |||||||||||||||
Balance as of September 30, 2023 | 1,581,250 | $ | — | $ | 25,000 | $ | (162,926) | $ | (137,926) |
For the nine months ended September 30, | ||||||||
2024 | 2023 | |||||||
Cash flows from operating activities: | ||||||||
Net loss | $ | (46,778) | $ | — | ||||
Adjustments to reconcile net loss to net cash used in operating activities: | ||||||||
Changes in operating assets and liabilities | ||||||||
Deferred offering costs | (82,250) | — | ||||||
Accrued offering costs | 25,000 | — | ||||||
Accrued expenses | (14,925) | — | ||||||
Net cash used in operating activities | (118,953) | — | ||||||
Cash flows from financing activities: | ||||||||
Proceeds from promissory note to related party | 118,953 | — | ||||||
Net cash provided by financing activities | 118,953 | — | ||||||
Net change in cash and cash equivalents | — | — | ||||||
Cash and cash equivalents at the beginning of the period | — | — | ||||||
Cash and cash equivalents at the end of the period | $ | — | $ | — | ||||
Supplemental disclosure of non-cash financing activities: | ||||||||
Deferred offering costs included in accrued offering expenses | $ | 25,000 | $ | — | ||||
Deferred offering costs paid by promissory note related party | $ | 57,250 | $ | — |
As of September 30, 2024 | As of December 31, 2023 | |||||||
(Unaudited) | (Audited) | |||||||
ASSETS: | ||||||||
Deferred offering costs | $ | 82,250 | $ | — | ||||
Total Assets | $ | 82,250 | $ | — | ||||
LIABILITIES AND SHAREHOLDER’S DEFICIT: | ||||||||
Current liabilities: | ||||||||
Accrued expenses | $ | — | $ | 14,925 | ||||
Accrued offering costs | 25,000 | — | ||||||
Promissory note - related party | 244,603 | 125,651 | ||||||
Total current liabilities | 269,603 | 140,576 | ||||||
Total Liabilities | $ | 269,603 | $ | 140,576 | ||||
Commitments and Contingencies | ||||||||
Shareholder’s Deficit | ||||||||
Preferred shares, no par value; 1,000,000 shares authorized; none issued and outstanding as of September 30, 2024 and December 31, 2023 | $ | — | $ | — | ||||
Class A ordinary shares, no par value; 100,000,000 shares authorized; none issued and outstanding as of September 30, 2024 and December 31, 2023 | — | — | ||||||
Class B ordinary shares, no par value; 10,000,000 shares authorized; 1,581,250 shares issued and outstanding as of September 30, 2024 and December 31, 2023 (1) (2) | — | — | ||||||
Additional paid-in capital | 25,000 | 25,000 | ||||||
Accumulated deficit | (212,354) | (165,576) | ||||||
Total Shareholder’s Deficit | $ | (187,354) | $ | (140,576) | ||||
Total Liabilities and Shareholder’s Deficit | $ | 82,250 | $ | — |
For the three months ended September 30, | For the nine months ended September 30, | |||||||||||||||
2024 | 2023 | 2024 | 2023 | |||||||||||||
General administrative expenses | $ | 38,778 | $ | — | $ | 46,778 | $ | — | ||||||||
Loss before tax expense | $ | (38,778) | $ | — | $ | (46,778) | $ | — | ||||||||
Tax expense | — | — | — | — | ||||||||||||
Net loss | $ | (38,778) | $ | — | $ | (46,778) | $ | — | ||||||||
Weighted average shares outstanding, basic and diluted (1) (2) | 1,375,000 | 1,375,000 | 1,375,000 | 1,375,000 | ||||||||||||
Basic and diluted net loss per ordinary share | $ | (0.03) | $ | — | $ | (0.03) | $ | — |
Class B ordinary shares | Additional paid-in | Accumulated | Total shareholder’s | |||||||||||||||||
Shares (1) (2) | Amount | capital | deficit | deficit | ||||||||||||||||
Balance as of January 1, 2024 | 1,581,250 | $ | — | $ | 25,000 | $ | (165,576) | $ | (140,576) | |||||||||||
Net loss | — | — | — | (46,778) | (46,778) | |||||||||||||||
Balance as of September 30, 2024 | 1,581,250 | $ | — | $ | 25,000 | $ | (212,354) | $ | (187,354) |