Astrum Space Inc 與 Black Spade Acquisition III Co 進行業務合併公開上市

• Astrum Space Inc ("Astrum")正在開發新一代衛星直連裝置（「S2D」）的廣播網絡，以服務亞太地區。

• Astrum擁有涵蓋1467– 1492 MHz L-波段的25 MHz 連續頻譜資源，以及位於東經 105°的具備戰略性的地球同步軌道（GEO）的軌道資源。

• Astrum目前擁有並營運一顆地球同步軌道（GEO）衛星，同時亦正在開發由SWISSto12 製造的NEASTAR-1 衛星；並已與Impulse Space簽訂發射及軌道交付的服務合約，預計於 2028 年底至 2029 年第一季之間發射。

• 本次擬議的業務合併對Astrum的股權價值估值約為 10 億美元。

美國加州埃爾塞貢多 – Media OutReach Newswire – 2026年8月28日 – 2026 年 8 月 27 日，開發批發型衛星直連裝置（「S2D」）廣播與數據分發網絡的衛星通訊公司 Astrum Space Inc（「Astrum」或「本公司」）與 Black Spade Acquisition III Co （紐約證券交易所代號：BIII，「BIII」）共同宣佈，雙方已簽署業務合併協議。在完成業務合併協議所預期的交易後，合併後的公司將更名為「Astrum Space Company」，其普通股將於紐約證券交易所上市。

本次業務合併對 Astrum 的股權價值估值約為 10 億美元，其中不包括 BIII 信託帳戶中約 1.725 億美元的現金（假設沒有 BIII 股東按允許方式選擇將其BIII股份贖回為現金）。

在獲得監管機構及股東批准並滿足其他慣常交割條件的前提下，本交易預計將於 2026 年底前完成。交易完成後（假設沒有 BIII 股東按允許方式選擇將其 BIII股份贖回為現金），Astrum的現有股東將持有合併後公司 80% 以上的股權。

Black Spade Acquisition III Co董事會執行主席兼聯席首席執行官譚志偉先生表示：「我們非常高興能夠支持 Astrum在推動亞太地區 S2D 互聯互通方面所作的努力。Astrum 管理團隊在拓展該地區網絡連接時所展現的專注與長期願景令人鼓舞。Astrum建立的衛星網絡與頻譜佈局，旨在支持其聯網與廣播計劃。多年來，太空產業已發展成為當今最具動力的行業之一，並在日常生活中發揮著日益重要的作用。本次與Astrum的合作體現了我們對賦能科技（enabling technologies）創造重大影響力的堅定信念。」

Astrum Space Inc總裁兼首席執行官Michael Do先生表示：「Astrum已迎來重要的轉折點。我們整合了頻譜、軌道資源與衛星基礎設施，在亞太地區打造出具備差異化優勢的 S2D 廣播平台。隨著 NEASTAR-1 衛星的開發，以及與 Impulse Space 落實發射和軌道交付服務，我們相信自身擁有明確的路徑推進新一代地球同步平台（geostationary platform）的部署。與 Black Spade Acquisition III Co的擬議合併預計將增強我們的執行能力，以推進商業化策略並擴大在該地區的戰略合作夥伴關係。」

有關本次擬議交易的更多資訊（包括業務合併協議副本），可參閱 BIII 於 2026 年 8 月 27 日提交給美國證券交易委員會（「SEC」）的 8-K 表格所載的最新報告，網址為 www.sec.gov。

有關建議交易的更多資訊亦將在 BIII與 Astrum 將向 SEC 提交的申請上市註冊報表（包括有關業務合併的BIII委託聲明書 （proxy statement））中闡述。

Forward-Looking Statements Legend

This document contains certain forward-looking statements within the meaning of U.S. federal securities laws with respect to the proposed transaction between Astrum and BIII, including statements regarding the benefits of the transaction, the anticipated benefits of the transaction, Astrum's development, manufacture, launch, orbital deployment, commissioning, technical performance and commercial operation of NEASTAR-1; the anticipated launch window and mission profile; the capabilities and expected operating life of NEASTAR-1; Astrum's planned satellite-to-device network, services, coverage and commercialization strategy; regulatory and market-access approvals; device and technology compatibility; and Astrum's ability to establish commercial and strategic relationships, the Company or BIII's expectations concerning the outlook for the Company's business, productivity, plans and goals for product launches, deliveries and future operational improvement and capital investments, operational performance, future market conditions or economic performance and developments in the capital and credit markets and expected future financial performance, as well as any information concerning possible or assumed future results of operations of the Company. These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result," and similar expressions. Forward-looking statements are their managements' current predictions, projections and other statements about future events that are based on current expectations and assumptions available to the Company and BIII, and, as a result, are subject to risks and uncertainties. Any such expectations and assumptions, whether or not identified in this document, should be regarded as preliminary and for illustrative purposes only and should not be relied upon as being necessarily indicative of future results. Many factors could cause actual future events to differ materially from the forward-looking statements in this document, including but not limited to: (1) the occurrence of any event, change or other circumstances that could give rise to the termination of definitive agreements with respect to the proposed business combination; (2) the outcome of any legal proceedings that may be instituted against BIII, the combined company or others following the announcement of the business combination and any definitive agreements with respect thereto; (3) the amount of redemption requests made by BIII public shareholders and the inability to complete the business combination due to the failure to obtain approval of the shareholders of BIII, to obtain financing to complete the business combination or to satisfy other conditions to closing and; (4) changes to the proposed structure of the business combination that may be required or appropriate as a result of applicable laws or regulations or as a condition to obtaining regulatory approval of the business combination; (5) the ability to meet stock exchange listing standards following the consummation of the business combination; (6) the risk that the business combination disrupts current plans and operations of the Company as a result of the announcement and consummation of the business combination; (7) the ability to recognize the anticipated benefits of the business combination; (8) costs related to the business combination; (9) risks associated with changes in laws or regulations applicable to the Company's diverse business lines and the Company's international operations; (10) the possibility that the Company or the combined company may be adversely affected by other economic, geopolitical, business, and/or competitive factors; (11) the Company's ability to anticipate trends and respond to satellite development and launch, orbital deployment, spectrum and regulatory rights, device ecosystem development, commercialization, financing, customer adoption and transaction-closing risks. The foregoing list of factors is not exhaustive. Forward-looking statements are not guarantees of future performance. You should carefully consider the foregoing factors and the other risks and uncertainties described in the "Risk Factors" section of the registration statement on Form F-4 to be filed by BIII and the Company with the U.S. Securities and Exchange Commission (the "SEC"), and other documents filed by the Company and/or BIII from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and all forward-looking statements in this document are qualified by these cautionary statements. The Company and BIII assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise, except to the extent required by applicable law. Neither the Company nor BIII gives any assurance that either the Company or BIII will achieve its expectations. The inclusion of any statement in this communication does not constitute an admission by the Company or BIII or any other person that the events or circumstances described in such statement are material.

Additional Information and Where to Find It

This document relates to a proposed transaction between the Company and BIII. This document does not constitute an offer to sell or exchange, or the solicitation of an offer to buy or exchange, any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, sale or exchange would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The Company and BIII intend to file a registration statement on Form F-4 that will include a proxy statement and a prospectus with the SEC. After the registration statement is declared effective, the definitive proxy statement/prospectus will be sent to all BIII shareholders as of a record date to be established for voting on the proposed transaction. BIII also will file other documents regarding the proposed transaction with the SEC. This document does not contain all the information that should be considered concerning the proposed transactions and is not intended to form the basis of any investment decision or any other decision in respect of the transactions. Before making any voting or investment decision, investors and shareholders of BIII are urged to read the registration statement, the proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC in connection with the proposed transaction as they become available because they will contain important information about the proposed transaction.

Investors and shareholders will be able to obtain free copies of the registration statement, proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC by BIII through the website maintained by the SEC at www.sec.gov. In addition, the documents filed by BIII may be obtained by written request to BIII at Black Spade Acquisition III Co, Suite 2902, 29/F, The Centrium, 60 Wyndham Street, Central Hong Kong.

Participants in Solicitation

BIII and the Company and their respective directors and officers may be deemed to be participants in the solicitation of proxies from BIII's shareholders in connection with the proposed transaction. Information about BIII's directors and executive officers and their ownership of BIII's securities is set forth in BIII's filings with the SEC. Additional information regarding the interests of those persons and other persons who may be deemed participants in the proposed transaction may be obtained by reading the proxy statement/prospectus regarding the proposed transaction when it becomes available. Shareholders, potential investors and other interested persons should read the proxy statement/prospectus carefully when it becomes available before making any voting or investment decisions. You may obtain free copies of these documents as described in the preceding paragraph.


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關於 Astrum Space Inc

Astrum Space Inc正在開發新一代 S2D 廣播網絡，旨在為亞太地區提供廣域數據與內容服務。Astrum 結合了涵蓋 1467– 1492 MHz L-波段的 25 MHz 連續頻譜資源，以及位於東經 105°的具備戰略性的地球同步軌道（GEO）的軌道資源。Astrum 採用批發業務模式服務行動網絡營運商、廣播公司、政府及企業客戶，將其 GEO 平台定位為與地面行動網絡互補的一對多廣播層。

關於 Black Spade Acquisition III Co

Black Spade Acquisition III Co （「BIII」）是一家旨在進行業務合併而成立的特殊目的收購公司（Special Purpose Acquisition Company，簡稱 SPAC）。雖然其可以在任何行業尋求業務合併，但 BIII 專注於在娛樂相關的賦能技術與數位金融基礎設施的交叉領域尋找業務合併標的。BIII 在紐交所上市，是黑桃資本有限公司（「黑桃資本」） 推出的第三家 SPAC。黑桃資本是一家全球 SPAC 發起人，管理涵蓋不同地區、行業和資產類別的多元化投資組合，包括股權（包括SPAC及上市前投資）、固定收益及房地產。2023 年 8 月，黑桃資本的第一家 SPAC（Black Spade Acquisition Co）完成了與 VinFast Auto Ltd. 價值 230 億美元的業務合併。黑桃資本的第二家 SPAC（Black Spade Acquisition II Co）於2025 年 6 月，即Black Spade Acquisition II Co上市約九個月後，與全球媒體與娛樂巨頭 The Generation Essentials Group 完成了價值 4.88 億美元的業務合併。

顧問團隊

Cohen & Company Securities, LLC 旗下部門 Cohen & Company Capital Markets 擔任 BIII 的財務顧問。Latham & Watkins LLP 擔任 BIII 的美國法律顧問。Loeb & Loeb LLP 擔任 Astrum 的美國法律顧問。

source: Black Spade Acquisition III Co