Astrum Space Inc to Go Public Through Business Combination With Black Spade Acquisition III Co

Astrum Space Inc and SPAC Black Spade Acquisition III Co (BIII) entered into a business combination agreement, valuing Astrum at about $1 billion equity value. The combined company, expected to be renamed Astrum Space Company, will list its ordinary shares on the NYSE, with closing expected by the end of 2026 subject to approvals and customary conditions.