{
 "as_of": "2026-11-08",
 "cmr": "us-cm-kg/NYSE/BIII-UN",
 "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# Black Spade Acquisition III Co (NYSE: BIII-UN) — research page\n\nAs of 2026-11-08 · us-cm-kg · record version 1\n\n## Identity and listing\n\nThe issuer is Black Spade Acquisition III Co, listed on NYSE under ticker BIII-UN. Its ISIN is not on the record, and its LEI is not on the record. Its security type is Corporate, its segment is not on the record, its sector is 4899 Communications Services, NEC, and its jurisdiction is Hong Kong. The record holds the issuer as listed, not halted.\n\n## The disclosure read\n\nThe record holds 48 filings across 29 filing days in the window 2025-11-08 to 2026-11-08. The median gap between filing days is 5.0 days. The latest filing is dated 2026-11-05, is of type regulatory_filing, and falls 3 days before the record date 2026-11-08. The exchange median gap between filing days is 6.0 days, with a median of 64.0 filings and a median latency of 4.0 days. The sector median gap between filing days is 6.0 days, with a median of 58.0 filings and a median latency of 3.0 days.\n\n## Auditor\n\nThe auditor of record is WithumSmith+Brown, PC, located in New York, New York. The record holds no auditor changes.\n\n## Events and halts\n\nThe record holds two listing lines, both dated 2026-01-05. It holds no delisting and no name change. The domicile change is not on the record, and the segment move is not on the record. The halt flag is 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. The rule version is acm-68000/us/reasonable-basis-suitability-finra-rule-2111/r1, and the chapter is as of 2026-11-04.\n\n## Coverage\n\nNo research houses were found on the investor-relations pages read for this issuer. The count is 0.\n\n## Open research\n\nNo openly published research notes were found for this issuer. 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 is held in sealed years 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://data.sec.gov/submissions/CIK0002087087.json (identity.jurisdiction)\n- https://mcp.us-cm-kg.ai/events/NYSE/BIII-UN (the disclosure lines)\n- https://www.nasdaqtrader.com/rss.aspx?feed=tradehalts (the halt flag)\n- https://www.sec.gov/Archives/edgar/data/2087087/000110465926024679/none-20251231x10k.htm (the auditor)\n- https://mcp.us-cm-kg.ai/book/aio.json (the orderability chapter)\n- https://mcp.us-cm-kg.ai/record/NYSE/BIII-UN (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": {
    "read_by": "EDGAR 10-K cover page iXBRL tag (dei:AuditorName, dei:AuditorLocation, dei:AuditorFirmId, dei:DocumentPeriodEndDate)",
    "read_date": "2026-11-08",
    "read_date_basis": "the record version as_of",
    "source": "https://www.sec.gov/Archives/edgar/data/2087087/000110465926024679/none-20251231x10k.htm",
    "state": "sourced",
    "value": "WithumSmith+Brown, PC"
   },
   "auditor_firm_id": {
    "read_by": "EDGAR 10-K cover page iXBRL tag (dei:AuditorName, dei:AuditorLocation, dei:AuditorFirmId, dei:DocumentPeriodEndDate)",
    "read_date": "2026-11-08",
    "read_date_basis": "the record version as_of",
    "source": "https://www.sec.gov/Archives/edgar/data/2087087/000110465926024679/none-20251231x10k.htm",
    "state": "sourced",
    "value": "100"
   },
   "auditor_location": {
    "read_by": "EDGAR 10-K cover page iXBRL tag (dei:AuditorName, dei:AuditorLocation, dei:AuditorFirmId, dei:DocumentPeriodEndDate)",
    "read_date": "2026-11-08",
    "read_date_basis": "the record version as_of",
    "source": "https://www.sec.gov/Archives/edgar/data/2087087/000110465926024679/none-20251231x10k.htm",
    "state": "sourced",
    "value": "New York, New York"
   },
   "changes": []
  },
  "cmr": "us-cm-kg/NYSE/BIII-UN",
  "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": 3256,
     "median_cadence_gap_days": 6,
     "median_filings": 64,
     "median_latency_days": 4,
     "name": "NYSE"
    },
    "sector": {
     "issuers": 28,
     "median_cadence_gap_days": 6,
     "median_filings": 58,
     "median_latency_days": 3,
     "name": "4899 Communications Services, NEC"
    }
   },
   "by_type": {
    "corporate_news": 7,
    "directors_dealings": 8,
    "prospectus": 5,
    "regulatory_filing": 23,
    "results": 5
   },
   "cadence_median_gap_days": 5,
   "filing_days": 29,
   "filings": 48,
   "latency_days": 3,
   "latest": [
    {
     "category": "F-4/A",
     "date": "2026-11-05",
     "source": "https://www.sec.gov/Archives/edgar/data/2087087/000121390026116443/ea0303223-04.htm",
     "title": "F-4/A — REGISTRATION STATEMENT",
     "type": "regulatory_filing"
    },
    {
     "category": "10-Q",
     "date": "2026-11-05",
     "source": "https://www.sec.gov/Archives/edgar/data/2087087/000110465926123056/biii-20260930x10q.htm",
     "title": "10-Q — 10-Q",
     "type": "results"
    },
    {
     "category": "425",
     "date": "2026-11-05",
     "source": "https://www.sec.gov/Archives/edgar/data/2087087/000110465926123044/tm2629017d1_8k.htm",
     "title": "425 — 425",
     "type": "regulatory_filing"
    },
    {
     "category": "8-K",
     "date": "2026-11-05",
     "source": "https://www.sec.gov/Archives/edgar/data/2087087/000110465926123043/tm2629017d1_8k.htm",
     "title": "8-K — FORM 8-K (items 1.01,9.01)",
     "type": "corporate_news"
    },
    {
     "category": "8-K",
     "date": "2026-11-02",
     "source": "https://www.sec.gov/Archives/edgar/data/2087087/000110465926120970/tm2628742d1_8k.htm",
     "title": "8-K — FORM 8-K (items 1.01,2.03,9.01)",
     "type": "corporate_news"
    }
   ],
   "latest_filing_date": "2026-11-05",
   "read": "the node's event lines (list_events_since), as get_filings serves them",
   "source": "https://mcp.us-cm-kg.ai/events/NYSE/BIII-UN",
   "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": "NYSE"
   },
   "isin": {
    "market": "US",
    "reason": "no LEI, so no GLEIF ISIN route; EDGAR carries no ISIN",
    "state": "not_on_record"
   },
   "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/CIK0002087087.json",
    "state": "sourced",
    "value": "Hong Kong"
   },
   "lei": {
    "market": "US",
    "reason": "no GLEIF record with the exact legal name in jurisdiction US-K3",
    "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/CIK0002087087.json",
    "state": "sourced",
    "value": "Black Spade Acquisition III Co"
   },
   "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/CIK0002087087.json",
    "state": "sourced",
    "value": "4899 Communications Services, NEC"
   },
   "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/CIK0002087087.json",
    "state": "sourced",
    "value": "Corporate"
   },
   "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": "BIII-UN"
   },
   "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": "2026-01-05",
     "source": "https://www.sec.gov/Archives/edgar/data/2087087/000087666126000006/BIII010526.pdf",
     "title": "CERT — NYSE CERTIFICATION"
    },
    {
     "date": "2026-01-05",
     "source": "https://www.sec.gov/Archives/edgar/data/2087087/000110465926000462/tm2527016d18_8a12b.htm",
     "title": "8-A12B — FORM 8-A12B"
    }
   ],
   "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": "sha256:84a9ab6281909f696c0ae162ac51e1c4945ff270ce227743e7ae5de668ff0d3d",
  "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/NYSE/BIII-UN",
   "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": "sha256:84a9ab6281909f696c0ae162ac51e1c4945ff270ce227743e7ae5de668ff0d3d",
 "path": "/us/NYSE/BIII-UN",
 "schema": "research-page v0.1 (USR-02, 2026-11-11)",
 "sections": [
  {
   "id": "identity",
   "text": "The issuer is Black Spade Acquisition III Co, listed on NYSE under ticker BIII-UN. Its ISIN is not on the record, and its LEI is not on the record. Its security type is Corporate, its segment is not on the record, its sector is 4899 Communications Services, NEC, and its jurisdiction is Hong Kong. The record holds the issuer as listed, not halted.",
   "title": "Identity and listing"
  },
  {
   "id": "disclosure",
   "text": "The record holds 48 filings across 29 filing days in the window 2025-11-08 to 2026-11-08. The median gap between filing days is 5.0 days. The latest filing is dated 2026-11-05, is of type regulatory_filing, and falls 3 days before the record date 2026-11-08. The exchange median gap between filing days is 6.0 days, with a median of 64.0 filings and a median latency of 4.0 days. The sector median gap between filing days is 6.0 days, with a median of 58.0 filings and a median latency of 3.0 days.",
   "title": "The disclosure read"
  },
  {
   "id": "auditor",
   "text": "The auditor of record is WithumSmith+Brown, PC, located in New York, New York. The record holds no auditor changes.",
   "title": "Auditor"
  },
  {
   "id": "events",
   "text": "The record holds two listing lines, both dated 2026-01-05. It holds no delisting and no name change. The domicile change is not on the record, and the segment move is not on the record. The halt flag is 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. The rule version is acm-68000/us/reasonable-basis-suitability-finra-rule-2111/r1, and the chapter is as of 2026-11-04.",
   "title": "Orderability"
  },
  {
   "id": "coverage",
   "text": "No research houses were found on the investor-relations pages read for this issuer. The count is 0.",
   "title": "Coverage"
  },
  {
   "id": "open_research",
   "text": "No openly published research notes were found for this issuer. 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 is held in sealed years 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.jurisdiction",
   "source": "https://data.sec.gov/submissions/CIK0002087087.json"
  },
  {
   "for": "the disclosure lines",
   "source": "https://mcp.us-cm-kg.ai/events/NYSE/BIII-UN"
  },
  {
   "for": "the halt flag",
   "source": "https://www.nasdaqtrader.com/rss.aspx?feed=tradehalts"
  },
  {
   "for": "the auditor",
   "source": "https://www.sec.gov/Archives/edgar/data/2087087/000110465926024679/none-20251231x10k.htm"
  },
  {
   "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/NYSE/BIII-UN"
  }
 ],
 "title": "Black Spade Acquisition III Co (BIII-UN) — research page",
 "writer": {
  "by": "Claude through the platform account, Haiku class; one pass; checked against the numbers",
  "engine": "claude-haiku-5-5"
 }
}