BIII Stock — Black Spade Acquisition III Co

Black Spade Acquisition III Co (BIII)

Updated October 16, 2026.

BIII is a Stock. Total return is 0.9% over the past 0.7 years, 9.9 points behind SPY at 10.8%.

Black Spade Acquisition III Co is a blank-check company incorporated in 2025 and based in Hong Kong that seeks to merge with or acquire one or more operating businesses. The company does not currently have an established distribution schedule. This structure appeals to investors interested in participating in a business combination before the target company is identified.

BIII performance versus SPY

Price and return data through 2026-10-16.

Total return is 0.9% over the past 0.7 years, 9.9 points behind SPY at 10.8%.

BIII key facts

Asset type

Stock

Asset class

Equity

Inception date

01/29/2026

Distribution frequency

None

Last close

$10.07 (as of 2026-10-16)

Market cap

$173,707,500

Average volume

70247.0

Beta

-0.0002

Payout ratio

0.0%

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

BIII risks and drawbacks

Total return has trailed SPY over the available window.

Who may consider BIII — and who may not

It is a weaker fit for investors who need monthly cash flow (BIII does not currently distribute); investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on BIII

• All tickers starting with B

Tagged: Financials.

Frequently asked questions