ASPAC III Acquisition Corp. (ASPC)
A SPAC III Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. A SPAC III Acquisition Corp. was incorporated in 2021 and is based in Wan Chai, Hong Kong.
Sector: Blank Checks
Industry: Shell Companies
ASPAC III Acquisition Corp.
NASDAQ:ASPCFinancial Services · Shell Companies
+0.05%$10.87
AH Close$10.87+0.00%vs close
AH Close$10.87+0.00%vs close
Mkt Cap$25.41M
Float568K
O/S2.34M
Inst Own1.4%
SI1.8%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$0
Net Income$1.34M
Total Assets$3.94M
Free Cash Flow-$451K
Debt & Equity
Equity 100%
Total Debt$0
Total Equity$420K
Shares Outstanding
Short Interest
Split History2 splits · 2 reverse
- 1:100Reverse splitNov 5, 2008100 shares → 1
- 1:10Reverse splitJul 14, 200510 shares → 1
Balance Sheet Details
Assets$3.94M
Liabilities$536K
Accounts Receivable$0
Accounts Payable$0
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Revenue | $0 | $0 | $0 | $0 | $0 |
| YoY Growth | - | - | - | - | - |
| Cost of Revenue | $0 | $0 | $0 | $0 | $2.3M |
| Gross Profit | $0 | $0 | $0 | $0 | -$2.3M |
| Gross Margin | - | - | - | - | - |
| Research and Development | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $827K | $75K | $3K | $103K | $2.3M |
| Other | $0 | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $827K | $75K | $3K | $103K | $0 |
| Operating Income (EBIT) | -$827K | -$75K | $0 | $0 | -$2.3M |
| Operating Margin | - | - | - | - | - |
| Interest Expense | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $2.17M | $46K | $0 | $0 | $55K |
| Other Income (Expense) | $2.17M | $46K | -$3K | -$103K | $198K |
| Income Before Tax (EBT) | $1.34M | -$29K | -$3K | -$103K | -$2.1M |
| Income Tax Expense | $0 | $0 | $0 | $0 | -$197K |
| Net Income | $1.34M | -$29K | -$3K | -$103K | -$1.91M |
| Net Income Margin | - | - | - | - | - |
| Supplementary Data | |||||
| EPS | 0.27 | 0.00 | 0.00 | 0.00 | -0.07 |
| Diluted EPS | 0.27 | 0.00 | 0.00 | 0.00 | -0.07 |
| Weighted Average OS | 4.98M | 0 | 0 | 0 | 28.75M |
| EBITDA | -$827K | -$29K | -$3K | -$103K | -$2.1M |
| EBITDA Margin | - | - | - | - | - |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Assets | |||||
| Current Assets | |||||
| Cash and Cash Equivalents | $871K | $1.6M | $0 | $0 | $0 |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $871K | $1.6M | $0 | $0 | $0 |
| Accounts Receivable | $0 | $3K | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $84K | $0 | $0 | $0 | $0 |
| Total Current Assets | $956K | $1.72M | $0 | $0 | $1 |
| Long-Term Assets | |||||
| Property, Plant & Equipment Net | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $2.98M | $0 | $0 | $0 | $230 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $0 | $60.36M | $0 | $0 | $0 |
| Total Long-Term Assets | $2.98M | $60.36M | $0 | $0 | $0 |
| Other Assets | $0 | $0 | $0 | $0 | -$230 |
| Total Assets | $3.94M | $62.08M | $0 | $0 | $1 |
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts Payable | $0 | $241K | $15K | $0 | $0 |
| Short-Term Debt | $0 | $276K | $126K | $120K | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $536K | $0 | -$15K | $0 | $1 |
| Total Current Liabilities | $536K | $517K | $141K | $138K | $1 |
| Long-Term Liabilities | |||||
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $0 | $0 | $0 | $0 | $23 |
| Total Long-Term Liabilities | $0 | $0 | $0 | $0 | $23 |
| Other Liabilities | $0 | $0 | $0 | $0 | -$0 |
| Total Liabilities | $536K | $517K | $141K | $138K | $25 |
| Stockholders' Equity | |||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $2.98M | $57.69M | $0 | $0 | $230M |
| Retained Earnings | $420K | -$392K | -$166K | -$163K | -$24 |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | -$2.98M | $4.26M | $25K | $25K | -$230M |
| Total Equity | $420K | $61.56M | -$141K | -$138K | -$24 |
| Minority Interest | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $956K | $62.08M | $0 | $0 | $1 |
| Supplementary Data | |||||
| Total Debt | $0 | $276K | $126K | $120K | $0 |
| Net Debt | -$871K | -$1.32M | $126K | $120K | -$0 |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Operating Activities | |||||
| Net Income | $1.34M | -$226K | -$3K | -$103K | -$2.1M |
| Depreciation & Amortization | $0 | $0 | $0 | $0 | $0 |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||
| Accounts Receivable | $3K | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $295K | $0 | -$3K | $0 | $0 |
| Other Working Capital | $32K | $109K | $5K | $103K | $821K |
| Total Working Capital Change | $330K | $109K | $3K | $103K | $821K |
| Other Non-Cash Items | -$2.13M | -$357K | $0 | $0 | -$197K |
| Net Cash from Operating | -$451K | -$474K | $0 | $0 | -$1.48M |
| Investing Activities | |||||
| Capital Expenditures | $0 | $0 | $0 | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | -$60M | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $59.5M | $0 | $0 | $0 | -$230M |
| Net Cash from Investing | $59.5M | -$60M | $0 | $0 | -$230M |
| Financing Activities | |||||
| Debt Repaid | - | - | - | - | - |
| Common Stock Issuance | $0 | $62.85M | $0 | $0 | $232.4M |
| Common Stock Repurchases | -$59.5M | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $0 | -$928K | $0 | $0 | $231.87M |
| Net Cash from Financing | -$59.78M | $62.07M | $0 | $0 | $231.87M |
| Forex Effect | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$728K | $1.6M | $0 | $0 | $392K |
| Supplementary Data | |||||
| Operating Cash Flow | -$451K | -$474K | $0 | $0 | -$1.48M |
| Capital Expenditure | $0 | $0 | $0 | $0 | $0 |
| Free Cash Flow | -$451K | -$474K | $0 | $0 | -$1.48M |
| Cash at Beginning | $1.6M | $0 | $0 | $0 | $0 |
| Cash at End | $871K | $1.6M | $0 | $0 | $392K |