공시 • 2h
A SPAC III Acquisition Corp. Announces Notice of Non-Compliance with Nasdaq Listing Rules On May 20, 2026, A SPAC III Acquisition Corp. (the Company) received a letter from The Nasdaq Stock Market LLC (Nasdaq), which stated that because the stockholders' equity of the Company reported on its Form 10-Q for the fiscal quarter ended March 31, 2026 was below the minimum of $2,500,000 stockholders' equity (the Minimum Stockholders' Equity Requirement) required for continued listing pursuant to Nasdaq Listing Rule 5550(b)(1), the Company no longer complies with Nasdaq's continued listing rules on The Nasdaq Capital Market. In accordance with the Nasdaq listing rules, the Company has 45 calendar days to submit a plan to regain compliance and, if Nasdaq accepts the plan, Nasdaq can grant the Company an extension of up to 180 calendar days from the date of the letter to evidence compliance. The Company is currently working on a compliance plan and plans to submit it to Nasdaq within the specified period. There is no assurance that the Company will be able to regain compliance with the Minimum Shareholders' Equity Requirement or that its compliance plan will be accepted by Nasdaq. Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to US$12.80, the stock trades at a trailing P/E ratio of 22.3x. Average trailing P/E is 39x in the Capital Markets industry in the US. Total returns to shareholders of 27% over the past year. Valuation Update With 7 Day Price Move • Feb 04
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to US$13.11, the stock trades at a trailing P/E ratio of 28x. Average trailing P/E is 22x in the Capital Markets industry in the US. Total returns to shareholders of 31% over the past year. Board Change • Jan 21
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. CEO, CFO & Chairman Claudius Tsang is the most experienced director on the board, commencing their role in 2024. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Jan 20
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to US$14.43, the stock trades at a trailing P/E ratio of 30.8x. Average trailing P/E is 26x in the Capital Markets industry in the US. Total returns to shareholders of 45% over the past year. Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to US$21.63, the stock trades at a trailing P/E ratio of 46.2x. Average trailing P/E is 26x in the Capital Markets industry in the US. Total returns to shareholders of 117% over the past year. Valuation Update With 7 Day Price Move • Dec 11
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to US$13.00, the stock trades at a trailing P/E ratio of 27.8x. Average trailing P/E is 26x in the Capital Markets industry in the US. New Risk • Dec 11
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 21% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (21% average weekly change). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (US$24.5m market cap). Board Change • Aug 21
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. CEO, CFO & Chairman Claudius Tsang is the most experienced director on the board, commencing their role in 2024. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. 공시 • May 28
Bioserica International Limited entered into a merger agreement to acquire A SPAC III Acquisition Corp. (NasdaqCM:ASPC) from A SPAC III (Holdings) Corp. and others for $200 million in a reverse merger transaction. Bioserica International Limited entered into a merger agreement to acquire A SPAC III Acquisition Corp. (NasdaqCM:ASPC) from A SPAC III (Holdings) Corp. and others for $200 million in a reverse merger transaction on May 23, 2025. Pursuant to the terms of the Merger Agreement, the aggregate consideration to be paid to existing shareholders and holders of equity awards of Bioserica is $200 million, which will be paid entirely in stock, comprised of newly issued Class B Ordinary Shares of the Purchaser at a price of $10.00 per share, plus such number of Purchaser Class A Ordinary Shares as determined pursuant to the Merger Agreement, up to a maximum of 1,786,000 Purchaser Class A Ordinary Shares. Upon the effectiveness of the Acquisition Merger, all issued and outstanding ordinary shares of Bioserica will be cancelled and automatically converted into the right to receive, without interest, the applicable number and class of the ordinary shares of the Purchaser. A SPAC III (Holdings) Corp., holder of the Parent’s Class B ordinary share, has at least one (1) demand registration right for its registrable securities. The deal is subject to regulatory approvals.
Norton Rose Fulbright acted as legal advisor to Bioserica International, Loeb & Loeb LLP acted as legal advisor to A SPAC III Acquisition Corp. Board Change • Jan 06
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. CEO, CFO & Chairman Claudius Tsang is the most experienced director on the board, commencing their role in 2024. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model.