• Astrum Space agreed to combine with Black Spade Acquisition III Co, taking Astrum public as Astrum Space Company on the NYSE.
• Deal values Astrum at about USD 1 billion in equity, excluding up to about USD 172.5 million of cash held in trust.
• Closing targeted by end-2026, subject to approvals and other conditions.
• Existing Astrum shareholders expected to own more than 80% of the combined company if no redemptions occur.
• Astrum develops a wholesale satellite-to-device broadcast and data-distribution network focused on Asia-Pacific.

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. Black Spade Acquisition III Co. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260827516888) on August 27, 2026, and is solely responsible for the information contained therein.