v3.25.4

CONDENSED BALANCE SHEET (Parenthetical) - $ / shares	Jan. 07, 2026	Sep. 30, 2025	Sep. 05, 2025
Preference shares, par value (in dollars, per share)		$ 0.0001
Preference shares, shares authorized		1,500,000
Preference shares, shares issued		0
Preference shares, shares outstanding		0
Class A ordinary shares
Ordinary shares, par value (in dollars per share)		$ 0.0001
Ordinary shares, shares authorized (in dollars per share)		150,000,000
Ordinary shares, shares issued (in dollars per share)		0
Ordinary shares, shares outstanding (in dollars per share)		0
Class B ordinary shares
Ordinary shares, par value (in dollars per share)		$ 0.0001
Ordinary shares, shares authorized (in dollars per share)		15,000,000
Ordinary shares, shares issued (in dollars per share)		5,750,000
Ordinary shares, shares outstanding (in dollars per share)		5,750,000
Class B ordinary shares \| Founder Shares \| Sponsor
Number of shares subject to forfeiture		750,000	750,000
Class B ordinary shares \| Founder Shares \| Sponsor \| Subsequent event
Number of shares no longer subject to forfeiture	750,000

Number of shares that were no longer subject to forfeiture as a result of exercise of over-allotment option by the underwriters.

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Number of shares that may be surrendered to the extent to which the underwriters' over-allotment option is exercised.

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Face amount or stated value per share of common stock.

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The maximum number of common shares permitted to be issued by an entity's charter and bylaws.

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Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury.

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Number of shares of common stock outstanding. Common stock represent the ownership interest in a corporation.

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Face amount or stated value per share of preferred stock nonredeemable or redeemable solely at the option of the issuer.

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The maximum number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) permitted to be issued by an entity's charter and bylaws.

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Number of shares issued for nonredeemable preferred shares and preferred shares redeemable solely at option of issuer. Includes, but is not limited to, preferred shares issued, repurchased, and held as treasury shares. Excludes preferred shares classified as debt.

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Aggregate share number for all nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer) held by stockholders. Does not include preferred shares that have been repurchased.

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Black Spade Acquisition III Co 10-Q