Black Spade Acquisition III ^{Filed Terms, NYSE: BIIIU}

We are focused on identifying a business combination target that can benefit from the collective network, knowledge and experience of our founder, management team and sponsor. With global operating and investment experience across the Americas, Europe, the Asia-Pacific region and the Middle East, we believe our operating and customer centric background will provide access to high-quality companies and distinguish us from other SPACs that are founded and/or sponsored by financial investors. Our potential targets may exhibit a broad range of business models and financial characteristics that range from very high growth innovative companies to more mature businesses with established recurring revenues and strong cash flows. We may pursue a business combination in any industry. Given our sponsor’s connection to Mr. Ho and the Melco Group and our management team’s deep expertise and proven track record in the leisure and entertainment industry, we expect to explore opportunities that offer strategic synergies within this core focus area. We also believe there are compelling opportunities in sectors aligned with the ongoing digitization of financial infrastructure. We believe the entertainment and leisure sector continues to demonstrate strong growth potential, driven by evolving consumer preferences and increasing demand for innovative experiences.