Business
ASPAC III Acquisition is a blank-check company seeking an initial business combination rather than a revenue-producing business.
ASPAC III is a SPAC with no revenue; FY2025 net income was $1.3M while cash from ops stayed negative and equity fell sharply.
The read at a glance✓ Audited against SEC data
- Business mix — Blank-check SPACNote
- Revenue — No revenueWatch
- Profitability — $1.3M net incomeNote
- Cash — Cash from ops -$0.5MWatch
- Balance sheet — Equity fell 89.1%Watch
- Insiders — 0 buys / 0 sellsNote
- Accounting — Forensic screen unavailableNote
Latest filings
- 10-Q · Quarterly report2026-08-12
- 8-K · Company announcement2026-05-27
- 10-Q · Quarterly report2026-05-08
- 8-K · Company announcement2026-03-30
- 10-K · Annual report2026-03-04
In the full recordFree for 14 days
- What changed🔒
- Insider signal🔒
- Growth quality🔒
- Margins & accounting🔒
- Capital allocation🔒
- Real risks🔒
- The long arc🔒
- Company history🔒
- Main tension🔒
- The filings, readable — with what changed vs the prior year highlighted🔒
- Full financial statements, industry-aware, sources cited throughout🔒
- Forensic score history & components — the trend, not one year🔒
- Ownership: insider buys/sells, clusters, activist stakes🔒
- Ana — ask about ASPAC III Acquisition Corp., every answer cited to the official filings🔒
Every figure comes from the company's filings, and analysis whose figures don't match SEC data is rejected before publication.
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