10.08
0.00%
Close of 9 Nov 2026, in USD
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About Twelve Seas Investment Company III
From its filings with the US Securities and Exchange Commission
Twelve Seas Investment Company III is based in Los Angeles, California and is incorporated in Cayman Islands. Its shares trade on Nasdaq under the ticker TWLV. The SEC classifies its business as blank checks. In the fiscal year to 31 December 2025, it reported net income of $37,028. At that date it held total assets of $173.6m and shareholders' equity of −$6.2m.
The Public Units were sold at a price of $10.00 per Public Unit, generating gross proceeds to our Company of $172,500,00.
Period, our existence will terminate, and we will distribute all amounts in the Trust Account as described elsewhere in this Report.
Combination Period consistent with applicable laws, regulations and stock exchange rules by amending our Amended and Restated Articles.
If we do not meet the Nasdaq 36-Month Requirement, our securities will likely be subject to suspension of trading and delisting from Nasdaq.
2023, approximately 52% of IPOs on U.S. exchanges have been from foreign-domiciled issuers, a 20-year high.
Shares on a greater than one-for-one basis upon conversion of the Founder Shares at the time of our initial Business Combination.
Quoted from its 10-K, filed 31 Mar 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- N/A
- Industry
- N/A
- Listed since
- 26 Feb 2021
- Website
- twelveseasspac.com ↗
- Head office
- 2685 NOTTINGHAM AVENUE, LOS ANGELES, CA, 90027
- Incorporated in
- E9
- Classification
- Blank Checks
- Filer status
- Non-accelerated filer<br>Smaller reporting company<br>Emerging growth company
Leadership
Pay as last reported
- Mr. Neil RichardsonNon-Executive Independent Chairman of the Board
- Mr. Dimitri ElkinChief Executive Officer, Director, since 2021
- Mr. Jonathan MorrisChief Financial Officer, Director, since 2020
- Mr. Robert ForesmanIndependent Director
- Mr. Anthony SteainsIndependent Director
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- The firm targets companies in the Pan-Eurasian region for business combinations.
- Non-US shareholders like sovereign wealth funds are considered as targets.
- The structure allows for mergers and asset acquisitions with multiple businesses.
Weaknesses
- The company has not selected any specific business combination target yet.
- The firm has not initiated any substantive discussions with potential targets.
- The company generates no revenues and engages in no business operations.
Opportunities
- Western Europe and Eastern Europe offer prospective targets for acquisition.
- The Middle East region contains potential businesses for merger activities.
- Industrial conglomerates in the Pan-Eurasian region may seek business combinations.
Threats
- The lack of a selected target delays potential revenue generation.
- No substantive discussions exist with any business combination targets currently.
- Operating without revenues poses financial sustainability risks for the development stage.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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