Black Spade Acquisition III Co-A 2026年季度报告

BLACK SPADE ACQUISITION III CO Securities registered pursuant to Section12(b)of the Act: Check whether the issuer (1)filed all reports required to be filed by Section13 or 15(d)of the Exchange Act during the past12months (or for such shorter period that the registrant was required to file such reports), and (2)has been subject to such filingrequirements for the past 90days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule405 of Regulation S-T (§232.405 of this chapter) during the preceding 12months (or for such shorter period thatthe registrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company or an emerging growth company. See definitions of “large accelerated filer”, “accelerated filer”, “smallerreporting company”, and “emerging growth company” in Rule12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section13(a)of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act).Yes☒No☐ As of August10, 2026, there were 17,250,000 ClassA ordinary shares, $0.0001 par value and 5,750,000 ClassB ordinary shares,$0.0001 par value, issued and outstanding. BLACK SPADE ACQUISITION III COFORM10-Q FOR THE QUARTER ENDED JUNE 30, 2026TABLE OF CONTENTS PartI. Financial InformationItem1. Interim Financial StatementsCondensed Balance Sheets as of June 30, 2026 (Unaudited)and December 31, 20251Condensed Statements of Operations for the Three and Six Months Ended June 30, 2026 (Unaudited)2Condensed Statements of Changes in Shareholders’ Deficit for the Three and Six Months Ended June30, 2026 (Unaudited)3Condensed Statement of Cash Flows for the Six Months Ended June 30, 2026 (Unaudited)4Notesto Condensed Financial Statements (Unaudited)5Item2. Management’s Discussion and Analysis of Financial Condition and Results of Operations20Item3. Quantitative and Qualitative Disclosures About Market Risk23Item4. Controls and Procedures23PartII. Other InformationItem1. Legal Proceedings24Item1A. Risk Factors24Item2. Unregistered Sales of Equity Securities and Use of Proceeds24Item3. Defaults Upon Senior Securities24Item4. Mine Safety Disclosures24Item5. Other Information24Item6. Exhibits25PartIII. Signatures26 PARTI- FINANCIAL INFORMATION BLACK SPADE ACQUISITION III COCONDENSED BALANCE SHEETS The accompanying notes are an integral part of these unaudited condensed financial statements. BLACK SPADE ACQUISITION III COCONDENSED STATEMENTS OF OPERATIONS(UNAUDITED) The accompanying notes are an integral part of these unaudited condensed financial statements. BLACK SPADE ACQUISITION III COCONDENSED STATEMENTS OF CHANGES IN SHAREHOLDERS’ DEFICITFOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2026(UNAUDITED) (1)As of December 31, 2025, up to an aggregate of 750,000 ClassB ordinary shares were subject to forfeiture if theover-allotment option was not exercised in full or in part by the underwriters. On January7, 2026, theunderwriters exercised their over-allotment option in full as part of the closing of the Initial Public Offering. Assuch, the 750,000 Founder Shares are no longer subject to forfeiture (see Note5). The accompanying notes are an integral part of these unaudited condensed financial statements. BLACK SPADE ACQUISITION III COCONDENSED STATEMENT OF CASH FLOWSFOR THE SIX MONTHS ENDED JUNE 30, 2026(UNAUDITED) Cash Flows from Operating Activities:Net income$1,935,638Adjustments to reconcile net income to net cash used in operating activities:Interest earned on cash held in Trust Account(2,968,775)Changes in operating assets and liabilities:Prepaid expenses(8,045)Prepaid insurance(106,300)Accrued expenses681,158Net cash used in operating activities(466,324) Cash Flows from Investing Activities:Investment of cash in Trust Account(172,500,000)Net cash used in investing activities(172,500,000) Proceeds from sale of Units, net of underwriting discounts paid170,208,000Proceeds from sale of Private Placement Warrants4,075,000Repayment of advances from related party(3,347,804)Repayment of promissory note - related party(123,988)Payment of offering costs(485,212)Net cash provided by financing activities170,325,996 Net Change in Cash(2,640,328)Cash – Beginning of period3,279,258Cash – End of period$638,930 Deferred underwriting fee payable$6,876,000Offering costs included in accrued offering costs$85,000 The accompanying notes are an integral part of these unaudited condensed financial statements. BLACK SPADE ACQUISITION III CONOTESTO CONDENSED FINANCIAL STATEMENTSJUNE 30, 2026(UNAUDITED) NOTE1 — DESCRIPTION OF ORGANIZATION AND B