Twelve Seas Investment Company III

Twelve Seas Investment Company III is a special purpose acquisition company (SPAC) that completed its initial public offering in December 2025, raising $172.5 million. As a blank check company, it has no active commercial operations or products and generates no operating revenue. Its sole business model is to identify and merge with a high-growth private enterprise, effectively taking the target company public. The firm targets companies with equity valuations between $500 million and $5 billion. While it may pursue a business combination in any industry or geographic location, Twelve Seas Investment Company III intends to focus on global companies located outside the United States. Specifically, the company prioritizes established, profitable enterprises in the Pan-Eurasian region, including the Middle East and Central Asia, as well as Latin America. It has a particular interest in the energy sector, including oil and gas companies. The company may also consider prospective targets located in the United States that are owned by non-U.S. shareholders, such as sovereign wealth funds or family offices. The SPAC has until December 2027 to complete a business combination before it must liquidate and return funds to its shareholders.