8-K Announcements
6Material company update
May 27, 2026·SEC
Material company update
Mar 30, 2026·SEC
Material company update
Jan 23, 2026·SEC
ASPAC III Acquisition Corp.(ASPC)Earnings, Financials & Key Ratios
ASPC•NASDAQ
$10.82
Price updated Jul 7, 2026
SectorFinancial ServicesIndustrySPACs & Shell CompaniesSub-IndustryGeneralist SPACs and blank checks
AboutA SPAC III Acquisition Corp. is a blank check company. The company was created for the purpose of effecting a merger, asset acquisition, share purchase, reorganization or similar business combination. The company was founded on September 3, 2021 and is headquartered in Hong Kong.Show more
- EBITDA-$827K-2751.6%
- Net Income$1M+4732.3%
- EPS (Diluted)-0.49
- ROE4.34%+4689.2%
ASPC Price & Volume
ASPAC III Acquisition Corp. (ASPC) stock price & volume — 10-year historical chart
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Persistent Capital Erosion Threatens Shell Entity Viability
Investment Thesis • Updated 2026Q1
VerdictNegative
Growth:Contracting
Profitability:Negative
Financial:Vulnerable
Cash Flow:Burning
Primary Risk:Liquidation and regulatory deadline
Key Thesis Takeaways
- ASPAC III Acquisition Corp.
- functions as a non-operational shell entity that continues to face significant capital depletion while failing to secure a definitive business combination.
- The company's reliance on sponsor-funded administrative costs, evidenced by $53.8K in 2026Q1 SG&A expenses, suggests a high risk of liquidation as the regulatory deadline approaches.
- Investors should remain cautious given the lack of revenue-generating activities and the consistent contraction of total assets from $230.5M in 2022Q1 to $3.9M in 2026Q1.
Verdict Logic
the entity's cash position has dwindled to $670.3K as of 2026Q1, indicating that the remaining liquidity buffer is insufficient to support long-term operations without a successful business combination.
ASPC Growth Metrics
ASPAC III Acquisition Corp. (ASPC) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years-
TTM-
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM325.89%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-1333.8%
Return on Capital
10 Years-1.33%
5 Years-1.33%
3 Years-1.33%
Last Year-2.55%
Peers Comparison
Key metrics vs top competitors for ASPAC III Acquisition Corp. (ASPC)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $10.82 | $3.06M | -22.08 | — | — | 4.34% | — | |
| $8.08 | $417.54M | -2.57 | -0.2% | -11.44% | -28.61% | — | |
| $1042.98 | $321.24B | 20.32 | -1.38% | 16.31% | 14.31% | — | |
| $222.04 | $350.22B | 21.77 | 11.48% | 15.13% | 16.22% | — | |
| $339.22 | $908.94B | 16.92 | 3.31% | 20.66% | 16.32% | — | |
| $346.87 | $13.42B | 24.69 | 29.49% | 16.3% | 35.52% | — |
Compare ASPC vs Peers
ASPAC III Acquisition Corp. (ASPC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
ASPC SEC Filings & Documents
ASPAC III Acquisition Corp. (ASPC) SEC filings — annual & quarterly reports (10-K, 10-Q)
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ASPC Frequently Asked Questions
ASPAC III Acquisition Corp. (ASPC) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Is ASPC profitable?
Yes, ASPAC III Acquisition Corp. (ASPC) is profitable, generating $0.8M in net income for fiscal year 2025.
Dividend & Returns
What is ASPC's return on equity?
ASPAC III Acquisition Corp. (ASPC) has a return on equity (ROE) of 4.3%. This is below average, suggesting room for improvement.
What is ASPAC III Acquisition Corp.'s free cash flow?
ASPAC III Acquisition Corp. (ASPC) had negative free cash flow of $0.4M in fiscal year 2025, likely due to heavy capital investments.