{
 "as_of": "2026-11-08",
 "cmr": "us-cm-kg/NASDAQ/TWLVR",
 "fence": "The page is the record's research on the issuer — no analyst, no rating, no view.",
 "markdown": "The page is the record's research on the issuer — no analyst, no rating, no view.\n\n# Twelve Seas Investment Co III/Cayman (NASDAQ: TWLVR) — research page\n\nAs of 2026-11-08 · us-cm-kg · record version 1\n\n## Identity and listing\n\nThe issuer is Twelve Seas Investment Co III/Cayman, listed on NASDAQ under ticker TWLVR, ISIN USG9145D1194. The LEI is not on the record, as there is no GLEIF record with the exact legal name in jurisdiction US-E9. Security type is SPAC (by SIC 6770); segment is not on the record; sector is 6770 Blank Checks; jurisdiction is Cayman Islands. Status: listed, not halted.\n\n## The disclosure read\n\nThe record holds 28 filings across 14 filing days in the window 2025-11-08 to 2026-11-08. By type: 12 regulatory filings, 7 directors' dealings, 3 corporate news, 3 prospectuses and 3 results. The median gap between filing days is 6 days. The latest filing is dated 2026-08-17, is of type results, and falls 83 days before the record date of 2026-11-08. NASDAQ peers: 4359 issuers, median cadence gap 6.0 days, median 52 filings, median latency 5.0 days. Sector peers (6770 Blank Checks): 819 issuers, median cadence gap 6.5 days, median 26 filings, median latency 44 days. The issuer's latency of 83 days is above the sector median of 44 days and above the exchange median of 5.0 days.\n\n## Auditor\n\nThe auditor of record is not on the record, as there is no dei:AuditorName tag on the latest annual report cover. Auditor location is not on the record. The record holds no auditor changes.\n\n## Events and halts\n\nThe record holds two listing lines, both dated 2025-12-11. It holds no delisting, name change or segment move lines. Domicile change is not on the record, as EDGAR states no dated change of state of incorporation on a filing line. Segment move is not on the record, as the exchanges' tier transfers are not EDGAR filings. Halt flag: listed, not halted.\n\n## Orderability\n\nThe outcome is not determinable. The chapter's orderability section carries no client categories, so the outcome cannot name its client category. Rule version: acm-68000/us/reasonable-basis-suitability-finra-rule-2111/r1. Chapter as of 2026-11-04.\n\n## Coverage\n\nNo research houses were found on the issuer's investor-relations page. The count is 0.\n\n## Open research\n\nNo openly published research notes were found. The count is 0.\n\n## Licensed\n\nLicensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.\n\n## As-of depth\n\nThe issuer's sealed years are 2025 and 2026. The market's earliest sealed date is 2021-01-04. The live record began on 2026-09-12.\n\n## Sources\n\n7 source pages are named on this page; every value above carries its own source page and read date in the numbers.\n\n- https://www.sec.gov/files/company_tickers_exchange.json (identity.exchange)\n- https://www.sec.gov/data-research/sec-markets-data/fails-deliver-data (identity.isin)\n- https://data.sec.gov/submissions/CIK0002052243.json (identity.jurisdiction)\n- https://mcp.us-cm-kg.ai/events/NASDAQ/TWLVR (the disclosure lines)\n- https://www.nasdaqtrader.com/rss.aspx?feed=tradehalts (the halt flag)\n- https://mcp.us-cm-kg.ai/book/aio.json (the orderability chapter)\n- https://mcp.us-cm-kg.ai/record/NASDAQ/TWLVR (the record)\n",
 "market": "US",
 "node": "us-cm-kg",
 "numbers": {
  "as_of_depth": {
   "issuer_years_sealed": [
    "2025",
    "2026"
   ],
   "live_record_began": "2026-09-12",
   "node_history_from": "2021-01-04",
   "node_years_sealed": [
    "2021",
    "2022",
    "2023",
    "2024",
    "2025",
    "2026"
   ],
   "record_version": 1,
   "sealed": true
  },
  "auditor": {
   "auditor": {
    "market": "US",
    "reason": "no dei:AuditorName tag on the latest annual report cover (foreign private issuers and older filings carry none)",
    "state": "not_on_record"
   },
   "auditor_firm_id": {
    "market": "US",
    "state": "not_on_record"
   },
   "auditor_location": {
    "market": "US",
    "state": "not_on_record"
   },
   "changes": []
  },
  "cmr": "us-cm-kg/NASDAQ/TWLVR",
  "coverage": {
   "count": 0,
   "houses": [],
   "pages_checked": [],
   "read_by": "Perplexity sonar (search) · page read by this rail",
   "read_date": "2026-11-11",
   "since": null,
   "state": "none_found"
  },
  "disclosure": {
   "against": {
    "exchange": {
     "issuers": 4359,
     "median_cadence_gap_days": 6,
     "median_filings": 52,
     "median_latency_days": 5,
     "name": "NASDAQ"
    },
    "sector": {
     "issuers": 819,
     "median_cadence_gap_days": 6.5,
     "median_filings": 26,
     "median_latency_days": 44,
     "name": "6770 Blank Checks"
    }
   },
   "by_type": {
    "corporate_news": 3,
    "directors_dealings": 7,
    "prospectus": 3,
    "regulatory_filing": 12,
    "results": 3
   },
   "cadence_median_gap_days": 6,
   "filing_days": 14,
   "filings": 28,
   "latency_days": 83,
   "latest": [
    {
     "category": "10-Q",
     "date": "2026-08-17",
     "source": "https://www.sec.gov/Archives/edgar/data/2052243/000121390026090792/ea0302013-10q_twelve3.htm",
     "title": "10-Q — QUARTERLY REPORT",
     "type": "results"
    },
    {
     "category": "NT 10-Q",
     "date": "2026-08-17",
     "source": "https://www.sec.gov/Archives/edgar/data/2052243/000121390026090769/ea0302412-nt10q_twelve3.htm",
     "title": "NT 10-Q — NOTIFICATION OF LATE FILING",
     "type": "regulatory_filing"
    },
    {
     "category": "10-Q",
     "date": "2026-05-15",
     "source": "https://www.sec.gov/Archives/edgar/data/2052243/000121390026057739/ea0290313-10q_twelve3.htm",
     "title": "10-Q — QUARTERLY REPORT",
     "type": "results"
    },
    {
     "category": "10-K",
     "date": "2026-03-31",
     "source": "https://www.sec.gov/Archives/edgar/data/2052243/000121390026036676/ea0283106-10k_twelve3.htm",
     "title": "10-K — ANNUAL REPORT",
     "type": "results"
    },
    {
     "category": "SCHEDULE 13G",
     "date": "2026-02-12",
     "source": "https://www.sec.gov/Archives/edgar/data/2052243/000090266426000915/xslSCHEDULE_13G_X01/primary_doc.xml",
     "title": "SCHEDULE 13G",
     "type": "regulatory_filing"
    }
   ],
   "latest_filing_date": "2026-08-17",
   "read": "the node's event lines (list_events_since), as get_filings serves them",
   "source": "https://mcp.us-cm-kg.ai/events/NASDAQ/TWLVR",
   "window": {
    "from": "2025-11-08",
    "to": "2026-11-08"
   }
  },
  "identity": {
   "exchange": {
    "read_by": "EDGAR company_tickers_exchange.json (SEC list of exchange-listed filers)",
    "read_date": "2026-11-08",
    "read_date_basis": "the record version as_of",
    "source": "https://www.sec.gov/files/company_tickers_exchange.json",
    "state": "sourced",
    "value": "NASDAQ"
   },
   "isin": {
    "read_by": "SEC Fails-to-Deliver data (CUSIP for the symbol) · ISIN = US + CUSIP + ISO 6166 check digit",
    "read_date": "2026-10-14",
    "read_date_basis": "last_seen",
    "source": "https://www.sec.gov/data-research/sec-markets-data/fails-deliver-data",
    "state": "sourced",
    "value": "USG9145D1194"
   },
   "jurisdiction": {
    "read_by": "EDGAR submissions API (issuer header as filed) (stateOfIncorporation)",
    "read_date": "2026-11-08",
    "read_date_basis": "the record version as_of",
    "source": "https://data.sec.gov/submissions/CIK0002052243.json",
    "state": "sourced",
    "value": "Cayman Islands"
   },
   "lei": {
    "market": "US",
    "reason": "no GLEIF record with the exact legal name in jurisdiction US-E9",
    "state": "not_on_record"
   },
   "name": {
    "read_by": "EDGAR submissions API (issuer header as filed)",
    "read_date": "2026-11-08",
    "read_date_basis": "the record version as_of",
    "source": "https://data.sec.gov/submissions/CIK0002052243.json",
    "state": "sourced",
    "value": "Twelve Seas Investment Co III/Cayman"
   },
   "sector": {
    "read_by": "EDGAR submissions API (issuer header as filed) (SIC code as assigned by the SEC)",
    "read_date": "2026-11-08",
    "read_date_basis": "the record version as_of",
    "source": "https://data.sec.gov/submissions/CIK0002052243.json",
    "state": "sourced",
    "value": "6770 Blank Checks"
   },
   "security_type": {
    "read_by": "EDGAR submissions API (issuer header as filed)",
    "read_date": "2026-11-08",
    "read_date_basis": "the record version as_of",
    "source": "https://data.sec.gov/submissions/CIK0002052243.json",
    "state": "sourced",
    "value": "SPAC (by SIC 6770)"
   },
   "segment": {
    "market": "US",
    "state": "not_on_record"
   },
   "ticker": {
    "read_by": "EDGAR company_tickers_exchange.json (SEC list of exchange-listed filers)",
    "read_date": "2026-11-08",
    "read_date_basis": "the record version as_of",
    "source": "https://www.sec.gov/files/company_tickers_exchange.json",
    "state": "sourced",
    "value": "TWLVR"
   },
   "website": {
    "market": "US",
    "state": "not_on_record"
   }
  },
  "licensed": {
   "columns": [
    "licensor",
    "entitlement",
    "title",
    "date",
    "source"
   ],
   "rows": [],
   "rule": "A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded."
  },
  "lifecycle": {
   "delisting": [],
   "domicile_change": {
    "market": "US",
    "reason": "EDGAR states no dated change of state of incorporation on a filing line",
    "state": "not_on_record"
   },
   "listing": [
    {
     "date": "2025-12-11",
     "source": "https://www.sec.gov/Archives/edgar/data/2052243/000121390025120472/ea0269209-8a12b_twelveseas3.htm",
     "title": "8-A12B — FOR REGISTRATION OF CERTAIN CLASSES"
    },
    {
     "date": "2025-12-11",
     "source": "https://www.sec.gov/Archives/edgar/data/2052243/000135445725001256/TWLV_8A_Cert_2052243.pdf",
     "title": "CERT"
    }
   ],
   "name_change": [],
   "segment_move": {
    "market": "US",
    "reason": "the exchanges' tier transfers are not EDGAR filings",
    "state": "not_on_record"
   }
  },
  "market": "US",
  "node": "us-cm-kg",
  "numbers_hash": "sha256:73b187ede6eba49cd12b2adeda51b5106431a0c4f898b2268238661863c52ddc",
  "open_research": {
   "read_date": "2026-11-11",
   "rows": [],
   "state": "none_found"
  },
  "orderability": {
   "chapter_as_of": "2026-11-04",
   "client_categories": [],
   "determinable": false,
   "read": {
    "chapter": "https://mcp.us-cm-kg.ai/book/aio.json",
    "door": "https://mcp.us-cm-kg.ai/mcp",
    "tool": "get_orderability"
   },
   "reason": "the chapter's orderability section carries no client_categories: the outcome cannot name its client category",
   "rule_version": "acm-68000/us/reasonable-basis-suitability-finra-rule-2111/r1",
   "section": "us.aio.v8"
  },
  "record": {
   "as_of": "2026-11-08",
   "url": "https://mcp.us-cm-kg.ai/record/NASDAQ/TWLVR",
   "version": 1
  },
  "schema": "research-numbers v0.1 (USR-01, 2026-11-11)",
  "status": {
   "read_date": "2026-11-08",
   "source": "https://www.nasdaqtrader.com/rss.aspx?feed=tradehalts",
   "value": "listed, not halted"
  }
 },
 "numbers_hash": "sha256:73b187ede6eba49cd12b2adeda51b5106431a0c4f898b2268238661863c52ddc",
 "path": "/us/NASDAQ/TWLVR",
 "schema": "research-page v0.1 (USR-02, 2026-11-11)",
 "sections": [
  {
   "id": "identity",
   "text": "The issuer is Twelve Seas Investment Co III/Cayman, listed on NASDAQ under ticker TWLVR, ISIN USG9145D1194. The LEI is not on the record, as there is no GLEIF record with the exact legal name in jurisdiction US-E9. Security type is SPAC (by SIC 6770); segment is not on the record; sector is 6770 Blank Checks; jurisdiction is Cayman Islands. Status: listed, not halted.",
   "title": "Identity and listing"
  },
  {
   "id": "disclosure",
   "text": "The record holds 28 filings across 14 filing days in the window 2025-11-08 to 2026-11-08. By type: 12 regulatory filings, 7 directors' dealings, 3 corporate news, 3 prospectuses and 3 results. The median gap between filing days is 6 days. The latest filing is dated 2026-08-17, is of type results, and falls 83 days before the record date of 2026-11-08. NASDAQ peers: 4359 issuers, median cadence gap 6.0 days, median 52 filings, median latency 5.0 days. Sector peers (6770 Blank Checks): 819 issuers, median cadence gap 6.5 days, median 26 filings, median latency 44 days. The issuer's latency of 83 days is above the sector median of 44 days and above the exchange median of 5.0 days.",
   "title": "The disclosure read"
  },
  {
   "id": "auditor",
   "text": "The auditor of record is not on the record, as there is no dei:AuditorName tag on the latest annual report cover. Auditor location is not on the record. The record holds no auditor changes.",
   "title": "Auditor"
  },
  {
   "id": "events",
   "text": "The record holds two listing lines, both dated 2025-12-11. It holds no delisting, name change or segment move lines. Domicile change is not on the record, as EDGAR states no dated change of state of incorporation on a filing line. Segment move is not on the record, as the exchanges' tier transfers are not EDGAR filings. Halt flag: listed, not halted.",
   "title": "Events and halts"
  },
  {
   "id": "orderability",
   "text": "The outcome is not determinable. The chapter's orderability section carries no client categories, so the outcome cannot name its client category. Rule version: acm-68000/us/reasonable-basis-suitability-finra-rule-2111/r1. Chapter as of 2026-11-04.",
   "title": "Orderability"
  },
  {
   "id": "coverage",
   "text": "No research houses were found on the issuer's investor-relations page. The count is 0.",
   "title": "Coverage"
  },
  {
   "id": "open_research",
   "text": "No openly published research notes were found. The count is 0.",
   "title": "Open research"
  },
  {
   "id": "licensed",
   "text": "Licensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.",
   "title": "Licensed"
  },
  {
   "id": "depth",
   "text": "The issuer's sealed years are 2025 and 2026. The market's earliest sealed date is 2021-01-04. The live record began on 2026-09-12.",
   "title": "As-of depth"
  },
  {
   "id": "sources",
   "text": "7 source pages are named on this page; every value above carries its own source page and read date in the numbers.",
   "title": "Sources"
  }
 ],
 "sources": [
  {
   "for": "identity.exchange",
   "source": "https://www.sec.gov/files/company_tickers_exchange.json"
  },
  {
   "for": "identity.isin",
   "source": "https://www.sec.gov/data-research/sec-markets-data/fails-deliver-data"
  },
  {
   "for": "identity.jurisdiction",
   "source": "https://data.sec.gov/submissions/CIK0002052243.json"
  },
  {
   "for": "the disclosure lines",
   "source": "https://mcp.us-cm-kg.ai/events/NASDAQ/TWLVR"
  },
  {
   "for": "the halt flag",
   "source": "https://www.nasdaqtrader.com/rss.aspx?feed=tradehalts"
  },
  {
   "for": "the orderability chapter",
   "source": "https://mcp.us-cm-kg.ai/book/aio.json"
  },
  {
   "for": "the record",
   "source": "https://mcp.us-cm-kg.ai/record/NASDAQ/TWLVR"
  }
 ],
 "title": "Twelve Seas Investment Co III/Cayman (TWLVR) — research page",
 "writer": {
  "by": "Claude through the platform account, Haiku class; one pass; checked against the numbers",
  "engine": "claude-haiku-5-5"
 }
}