Twelve Seas Investment Company III(NASDAQ) TWLV

Twelve Seas Investment Company III helps private companies join the public stock market. It searches for profitable businesses located outside the United States. This entity provides the capital needed to complete a merger or acquisition.

What Twelve Seas Does

• Acquisition Search: Focusing on established global enterprises outside the United States; prioritizes the oil and gas sector.
• Strategic Transactions: Executing mergers, asset acquisitions, or corporate reorganizations with existing businesses.
• Trust Management: Holding $172,500,000 in a secure account to fund a future business combination.

A Timeline of Progress

• Incorporated in the Cayman Islands on Aug. 14, 2024.
• Consummated an initial public offering of 17,250,000 units on Dec. 15, 2025.
• Completed a private placement of 495,000 units to its sponsor and CCM on Dec. 15, 2025.
• Repaid a $277,396 promissory note to its sponsor on Dec. 19, 2025.

The Global Search Focus

Twelve Seas targets established, profitable enterprises located outside the United States with a focus on the energy industry. Management specifically considers businesses owned by sovereign wealth funds, family offices, and international entrepreneurs.

By the Numbers

• Net income was $1.4 million for the three months ended June 30, 2026.
• Dividend income reached $3.1 million for the six months ended June 30, 2026.
• Marketable securities held in the trust account totaled $175.8 million as of June 30, 2026.
• Working capital was $366,657 as of June 30, 2026.

Bottom Line

Twelve Seas serves as a specialized acquisition vehicle looking for international industrial and energy targets. The company remains in a pre-revenue state while searching for a merger partner to complete its public market transition.