Announcement • May 28
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. 
