Form: SCHEDULE 13G

Statement of Beneficial Ownership by Certain Investors

August 25, 2026






Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Checkbox not checked   Rule 13d-1(b)
Checkbox not checked   Rule 13d-1(c)
Checkbox checked   Rule 13d-1(d)




schemaVersion:


SCHEDULE 13G




Comment for Type of Reporting Person:  (1) As of March 31, 2026, the Reporting Person may be deemed to beneficially own 5,120,000 Class B Ordinary Shares of the Issuer, representing 22.3% of the total Class A and Class B Ordinary Shares issued and outstanding. The Class B Ordinary Shares are automatically convertible into Issuer's Class A Ordinary Shares at the time of the Issuer's initial business combination, or earlier at the option of the holder, on a one-for-one basis, subject to adjustment, as more fully described under the heading "Description of Securities - Founders Shares" in the Issuer's prospectus filed pursuant to Rule 424(b)(4) (File No. 333-290602). Black Spade Sponsor LLC III is the record holder of the shares reported herein. The three managers of the Reporting Person are Dennis Tam, Zoe Tse and Sammy Hsieh. Each manager has one vote, and the approval of two of the three managers is required to approve an action of the Reporting Person. Under the so-called "rule of three," if voting and dispositive decisions regarding an entity's securities are made by two or more individuals, and a voting and dispositive decision requires the approval of a majority of those individuals, then none of the individuals is deemed a beneficial owner of the entity's securities. This is the situation with regard to the Reporting Person. Based upon the foregoing analysis, no individual manager of the Reporting Person exercises voting or dispositive control over any of the securities held by the Reporting Person. Accordingly, none of them will be deemed to have or share beneficial ownership of such shares, and each of them disclaims beneficial ownership of such shares.


SCHEDULE 13G



 
Black Spade Sponsor LLC III
 
Signature:/s/ Chi Wai Dennis Tam
Name/Title:Chi Wai Dennis Tam/Authorized Signatory
Date:08/25/2026