A SPAC III Acquisition Corp.

A SPAC III Acquisition Corp. reported net income of $1.3 million for fiscal year 2025, a significant improvement from a net loss of $226,383 in 2024. This positive result was driven by $2.2 million in interest income, primarily from investments held in a trust account, which offset an operating loss of $827,000 from general and administrative expenses. The company remains a blank check company with no operating revenues, having completed its initial public offering in November 2024. As of December 31, 2025, the company had total assets of $3.9 million, including $3.0 million in investments held in trust, and shareholders' equity of $420,000. The company has entered into a merger agreement with Bioserica International Limited and has until November 12, 2026, to consummate an initial business combination.

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