• Twelve Seas Investment Company III posted net income of USD 1.36 million for quarter ended March 31, 2026, swinging from a net loss of USD 50,760 a year earlier.
• Dividends earned on marketable securities held in Trust Account totaled USD 1.53 million, while general and administrative costs were USD 164,482.
• Marketable securities in Trust Account stood at USD 174.29 million as of March 31, 2026, including about USD 1.79 million of interest income.
• Cash held outside Trust Account was USD 495,520 with working capital of USD 483,643; cash used in operating activities was USD 197,987 for the quarter.
• Company said it has until Dec. 15, 2027 to complete a Business Combination, while management flagged substantial doubt about ability to continue as a going concern and plans to address it through a deal and additional financing.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Twelve Seas Investment Company III published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-057739), on May 15, 2026, and is solely responsible for the information contained therein.