# EDGAR Filing Document

**Accession Number:** 0002087087
**File Stem:** 0000000000-25-011206
**Filing Date:** 2025-12
**Character Count:** 6158
**Document Hash:** e253815dbe59f664cebaf06d6884fbdb
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000000000-25-011206.hdr.sgml**: 20260423

**ACCESSION NUMBER**: 0000000000-25-011206

**CONFORMED SUBMISSION TYPE**: UPLOAD

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20251202

**FILED FOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Black Spade Acquisition III Co
- **CENTRAL INDEX KEY:** 0002087087
- **STANDARD INDUSTRIAL CLASSIFICATION:** BLANK CHECKS [6770]
- **ORGANIZATION NAME:** 05 Real Estate & Construction
- **EIN:** 000000000
- **STATE OF INCORPORATION:** K3
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** UPLOAD
- **SEC FILE NUMBER:** 333-290602

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** THE CENTRIUM, SUITE 2902, 29/F
- **STREET 2:** 60 WYNDHAM STREET
- **CITY:** CENTRAL
- **PROVINCE COUNTRY:** K3
- **ZIP:** 00000
- **BUSINESS PHONE:** 852 3955 1316

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** THE CENTRIUM, SUITE 2902, 29/F
- **STREET 2:** 60 WYNDHAM STREET
- **CITY:** CENTRAL
- **PROVINCE COUNTRY:** K3
- **ZIP:** 00000
**PUBLIC REFERENCE ACCESSION NUMBER**: 0001104659-25-094778

## Text-Extract

```

                                                            December 2, 2025

Chi Wai Dennis Tam
Co-Chief Executive Officer
Black Spade Acquisition III Co
Suite 2902, 29/F, The Centrium
60 Wyndham Street
Central, Hong Kong

       Re: Black Spade Acquisition III Co
           Registration Statement on Form S-1
           Filed September 30, 2025
           File No. 333-290602
Dear Chi Wai Dennis Tam:

       We have conducted a limited review of your registration statement and
have the
following comments.

        Please respond to this letter by amending your registration statement
and providing
the requested information. If you do not believe a comment applies to your
facts and
circumstances or do not believe an amendment is appropriate, please tell us why
in your
response.

       After reviewing any amendment to your registration statement and the
information
you provide in response to this letter, we may have additional comments.

Registration Statement on Form S-1
Cover Page

1.     Please state the amount of the compensation received or to be received
by the SPAC
       sponsor, its affiliates, and promoters, the amount of securities issued
or to be issued
       by the SPAC to the SPAC sponsor, its affiliates, and promoters and the
price paid or
       to be paid for such securities. This would include, for example, the
$20,000 monthly
       payment for office space, administrative and support services, the
repayment of loans
       and the payment of consulting, success or finder fees, as referenced in
the table on
       page 6. Provide a cross-reference, highlighted by prominent type or in
another
       manner, to the locations of related disclosures in the prospectus. See
Item 1602(a)(3)
       of Regulation S-K.
 December 2, 2025
Page 2

Summary, page 1

2.     Please revise to disclose any actual or potential material conflict of
interest between
       the SPAC sponsor, its affiliates, or promoters; and purchasers in the
offering,
       including those that may arise in determining whether to pursue a
de-SPAC
       transaction, as required by Item 1602(b)(7) of Regulation S-K.
Risks, page 41

3.     Please revise to clearly disclose the risks that being based in China
poses to investors.
       In particular, describe the significant regulatory, liquidity, and
enforcement risks with
       cross-references to the more detailed discussion of these risks in the
prospectus. For
       example, specifically discuss risks arising from the legal system in
China, including
       risks and uncertainties regarding the enforcement of laws and that rules
and
       regulations in China can change quickly with little advance notice; and
the risk that
       the Chinese government may intervene or influence your operations at any
time, or
       may exert more control over offerings conducted overseas and/or foreign
investment
       in China-based issuers, which could result in a material change in your
operations
       and/or the value of the securities you are registering for sale.
Acknowledge any risks
       that any actions by the Chinese government to exert more oversight and
control over
       offerings that are conducted overseas and/or foreign investment in
China-based
       issuers could significantly limit or completely hinder your ability to
offer or continue
       to offer securities to investors and cause the value of such securities
to significantly
       decline or be worthless.
Proposed Business, page 123

4.     We note your disclosure on page 107 regarding the enforcement risks
related to civil
       liabilities due to your sponsor and some of your officers and directors
being located in
       China and Hong Kong. Please identify each officer and director located
in China or
       Hong Kong and disclose that it will be more difficult to enforce
liabilities and enforce
       judgments on those individuals.
        We remind you that the company and its management are responsible for
the accuracy
and adequacy of their disclosures, notwithstanding any review, comments, action
or absence
of action by the staff.

       Refer to Rules 460 and 461 regarding requests for acceleration. Please
allow adequate
time for us to review any amendment prior to the requested effective date of
the registration
statement.
 December 2, 2025
Page 3

        Please contact Howard Efron at 202-551-3439 or Shannon Menjivar at
202-551-3856
if you have questions regarding comments on the financial statements and
related
matters. Please contact Catherine De Lorenzo at 202-551-3772 or Pam Howell at
202-551-
3357 with any other questions.

                                                        Sincerely,

                                                        Division of Corporation
Finance
                                                        Office of Real Estate &
Construction
cc:   Ein Le Lim, Esq.

```

### Attached PDF Documents

**Attachment 1:** `filename1`

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