Bridge III Acquisition, a blank check company targeting sustainability, AI, software, and healthcare, filed on Friday with the SEC to raise up to $100 million in an initial public offering.
The company plans to raise $100 million by offering 10 million units at $10. Each unit consists of one share of common stock, and one right to receive one-eighth of one share at the time of the business combination.
Bridge III Acquisition is led by CEO and Chairman Yongsheng Liu, who previously served as the CEO of Royal China Holdings Limited (HKEx: 1683). He is joined by CFO Zhen Li, who is the founder and former CEO of Shanghai Yimi Investment Management. The SPAC intends to target small cap companies in North America, Europe, and the APAC regions operating in green and sustainable business, new energy, cutting-edge technologies, artificial intelligent applications, business software, and health care products.
Management's previous SPACs include Newbridge Acquisition (NBRGU; +1% from $10 offer price), which went public in January 2026 and is targeting small-cap businesses, Goldenstone Acquisition (GDST; +25%), which went public in 2022 and is targeting growth-oriented businesses, Goldenbridge Acquisition, which merged with Chinese digital auto services platform SunCar (SDA; -92%) in 2023, and Wealthbridge Acquisition, which completed its business combination with Chinese streaming platform Scienjoy (SJ; -88%) in 2020.
The Montreal, Canada-based company was founded in 2023. It plans to list on the Nasdaq under the symbol BDDDU. Kingswood Capital Markets is the sole bookrunner on the deal.
