Black Spade Acquisition III Q2 FY26 net income rises to $848,429

Black Spade Acquisition III posted net income of $848,429 for the quarter ended June 30, 2026.

Interest income on trust account cash reached $1.55 million, while general and administrative costs totaled $703,251.

Management flagged substantial doubt about going concern within one year, citing a potential need to raise additional funds with no financing commitments.

For the six months ended June 30, 2026, net income was $1.94 million on $2.97 million of trust interest income.

Cash in the trust account stood at $175.47 million at June 30, 2026; cash outside the trust was $638,930.