Overview
- TickerTWLV on Nasdaq1
- IndustryBlank Checks1
- HeadquartersLos Angeles, California1
- Incorporated inCayman Islands3
- Business address2685 Nottingham Avenue, Los Angeles, Ca 900273
- Filer categoryNon-accelerated filer, Smaller reporting company, Emerging growth company3
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The Public Units were sold at a price of $10.00 per Public Unit, generating gross proceeds to our Company of $172,500,00.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Financial statements
Every line of the income statement as filed: the last 1 fiscal year, latest first.2
| Period ending | 2025-12-31 |
|---|---|
| General and administrative costs | $229.3K |
| Loss from operations | -$229.3K |
| Dividends earned on marketable securities held in Trust Account | $266.3K |
| Total other income | $266.3K |
| NET INCOME (LOSS) | $37.0K |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 2 fiscal years (annual) or 2 quarters (quarterly), latest first.2
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Cash | $693.5K | $25.1K |
| Prepaid expenses | $9.6K | |
| Due from Sponsor | $34.3K | |
| Prepaid insurance | $75.0K | |
| Total Current Assets | $802.8K | $34.7K |
| Deferred offering costs | $47.2K | |
| Long-term prepaid insurance | $70.6K | |
| Marketable securities held in Trust Account | $172.8M | |
| TOTAL ASSETS | $173.6M | $81.9K |
| Accrued expenses | $74.8K | |
| Accrued offering costs | $91.5K | $13.7K |
| Due to Sponsor | $7.0K | |
| IPO Promissory Note | $60.5K | |
| Total current liabilities | $173.4K | $74.2K |
| Deferred Fee | $6.9M | |
| TOTAL LIABILITIES | $7.1M | $74.2K |
| Class A Ordinary Shares subject to possible redemption, $0.0001 par value; 17,250,000 shares and 0 shares issued and outstanding at redemption value of approximately $10.01 per share and $0 per share as of December 31, 2025 and 2024, respectively | $172.8M | |
| Additional paid-in capital | $24.4K | |
| Accumulated deficit | -$6.2M | -$17.2K |
| Total Shareholders (Deficit) Equity | -$6.2M | $7.8K |
| TOTAL LIABILITIES AND SHAREHOLDERS (DEFICIT) EQUITY | $173.6M | $81.9K |
| Preference shares, par value (in Dollars per share) | $0.00 | $0.00 |
| Preference shares, shares authorized (in Shares) | 5.0M shares | 5.0M shares |
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Cash | $693.5K | $25.1K |
| Prepaid expenses | $9.6K | |
| Due from Sponsor | $34.3K | |
| Prepaid insurance | $75.0K | |
| Total Current Assets | $802.8K | $34.7K |
| Deferred offering costs | $47.2K | |
| Long-term prepaid insurance | $70.6K | |
| Marketable securities held in Trust Account | $172.8M | |
| TOTAL ASSETS | $173.6M | $81.9K |
| Accrued expenses | $74.8K | |
| Accrued offering costs | $91.5K | $13.7K |
| Due to Sponsor | $7.0K | |
| IPO Promissory Note | $60.5K | |
| Total current liabilities | $173.4K | $74.2K |
| Deferred Fee | $6.9M | |
| TOTAL LIABILITIES | $7.1M | $74.2K |
| Class A Ordinary Shares subject to possible redemption, $0.0001 par value; 17,250,000 shares and 0 shares issued and outstanding at redemption value of approximately $10.01 per share and $0 per share as of December 31, 2025 and 2024, respectively | $172.8M | |
| Additional paid-in capital | $24.4K | |
| Accumulated deficit | -$6.2M | -$17.2K |
| Total Shareholders (Deficit) Equity | -$6.2M | $7.8K |
| TOTAL LIABILITIES AND SHAREHOLDERS (DEFICIT) EQUITY | $173.6M | $81.9K |
| Preference shares, par value (in Dollars per share) | $0.00 | $0.00 |
| Preference shares, shares authorized (in Shares) | 5.0M shares | 5.0M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 1 fiscal year, latest first.2
| Period ending | 2025-12-31 |
|---|---|
| Net income (loss) | $37.0K |
| Dividends earned on marketable securities held in Trust Account | -$266.3K |
| Payment of accrued expenses under IPO Promissory Note - related party | $75.1K |
| Due from Sponsor | -$34.3K |
| Prepaid insurance | -$145.6K |
| Accrued expenses | $74.8K |
| Due to Sponsor | $7.0K |
| Net cash used in operating activities | -$252.2K |
| Investment of cash in Trust Account | -$172.5M |
| Net cash used in investing activities | -$172.5M |
| Proceeds from sale of Units, net of underwriting discounts paid | $169.1M |
| Proceeds from sale of Private Placement Units | $5.0M |
| Proceeds from IPO Promissory Note related party | $45.0K |
| Repayment of IPO Promissory Note - related party | -$277.4K |
| Payment of offering costs | -$347.0K |
| Net cash provided by financing activities | $173.4M |
| Net Change in Cash | $668.4K |
| Deferred offering costs included in accrued offering costs | $91.5K |
| Deferred offering costs paid by Sponsor under IPO Promissory Note related party | $96.8K |
| Deferred Fee | $6.9M |
No quarter-by-quarter statement was filed.
Compare Twelve Seas Investment Co III/Cayman with another company
Corporate structure
Twelve Seas Investment Co III/Cayman sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Twelve Seas Investment Co III/Cayman
- Adage Capital Management, L.P. Filed SCHEDULE 13G on Twelve Seas Investment Co III/Cayman, latest Feb 12, 2026
- Twelve Seas Sponsor LLC Filed SCHEDULE 13D on Twelve Seas Investment Co III/Cayman, latest Dec 22, 2025
- Linden Capital L.P. Filed SCHEDULE 13G on Twelve Seas Investment Co III/Cayman, latest Dec 19, 2025
- TENOR CAPITAL MANAGEMENT Co., L.P. Filed SCHEDULE 13G on Twelve Seas Investment Co III/Cayman, latest Dec 19, 2025
- Twelve Seas Investment Co III/Cayman Los Angeles, California
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Twelve Seas Investment Co III/Cayman reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $693.5K2 Dec 31, 2025 | $25.1K2 Dec 31, 2024 | +2665.2% |
Properties, in its own words
Our executive offices are located at 2685 Nottingham Avenue, Los Angeles, CA 90027, and our telephone number is (917) 361-1177. The cost for our use of this space is included in the $10,000 per month fee we pay to an affiliate of our Sponsor for certain office space, administrative and shared personal support services, pursuant to the Administrative Services Agreement. We consider our current office space adequate for our current operations.
Item 2 of the 10-K filed Mar 31, 2026.4
Leadership
Who has led Twelve Seas Investment Co III/Cayman, and when. Pick a name to see everywhere that person has worked.
Chief executive
- Chief executive officerDimitri Elkin Dec 11, 2025 to now7
Board members and other officers (5)
- Board memberGregory D. Nelson Dec 11, 2025 to now8
- Board memberJulian Vickers Dec 11, 2025 to now9
- Board memberOlga Klimova Dec 11, 2025 to now10
- Board memberRobert Foresman Dec 11, 2025 to now11
- Board memberDimitri Elkin Dec 15, 2025 to now12
Timeline
Calendar
Coming up
- Nov 16, 2026Reports results for the quarter ending Sep/202616
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
37 filings to the SEC since October 2021: 1 annual reports, 2 quarterly reports, 3 major events, 7 insider forms, 4 large holders, 20 other. The latest 20:
- Aug 17, 202610-Q QUARTERLY REPORT EDGAR
- Aug 17, 2026NT 10-Q NOTIFICATION OF LATE FILING EDGAR
- May 15, 202610-Q QUARTERLY REPORT EDGAR
- Mar 31, 202610-K ANNUAL REPORT EDGAR
- Feb 12, 2026SCHEDULE 13G EDGAR
- Jan 7, 20268-K CURRENT REPORT EDGAR
- Dec 22, 2025SCHEDULE 13D EDGAR
- Dec 22, 20258-K CURRENT REPORT EDGAR
- Dec 19, 2025SCHEDULE 13G EDGAR
- Dec 19, 2025SCHEDULE 13G EDGAR
- Dec 15, 20258-K CURRENT REPORT EDGAR
- Dec 15, 20254 EDGAR
- Dec 12, 2025424B4 PROSPECTUS EDGAR
- Dec 11, 2025EFFECT EDGAR
- Dec 11, 2025CERT EDGAR
- Dec 11, 20253 EDGAR
- Dec 11, 20253 EDGAR
- Dec 11, 20253 EDGAR
- Dec 11, 20253 EDGAR
- Dec 11, 20253 EDGAR
The 37 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
1 open-market trades by officers, directors and large owners since October 2021: 1 buys and 0 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Dec 15, 2025 | Elkin DimitriChief Executive Officer | Buy | 300,000 | $10.00 | $3.0M | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Adage Capital Management, L.P.SCHEDULE 13G, 1 filing Feb 12, 202617
- Twelve Seas Sponsor LLCSCHEDULE 13D, 1 filing Dec 22, 202518
- Linden Capital L.P.SCHEDULE 13G, 1 filing Dec 19, 202519
- TENOR CAPITAL MANAGEMENT Co., L.P.SCHEDULE 13G, 1 filing Dec 19, 202520
SEC filer profile
How Twelve Seas Investment Co III/Cayman is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARTwelve Seas Investment Co III/Cayman1
- CIK0002052243
- Employer ID (EIN)86-28884664
- Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; a shell company4
- Incorporated inCayman Islands4
- Fiscal year endsDecember 311
- Industry code (SIC)6770 Blank Checks1
- SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance1
- Business address2685 Nottingham Avenue, Los Angeles, CA 900271
- Phone91736111771
- Shares outstanding17,745,000 Common Class A shares; 5,692,500 Common Class B shares as of Mar 30, 20264
- Public float$173.6M as of Dec 31, 20254
- AuditorWithumSmith+Brown, PC, New York, New York PCAOB ID 100; no auditor attestation of internal control over financial reporting4
- On EDGAR sinceJan 31, 20251
- Filings37 in all: 3 (6), CORRESP (4), S-1/A (4), 8-K (3), SCHEDULE 13G (3), UPLOAD (3), 10-Q (2), 10-K (1)1
All 19 form types
4 (1), 424B4 (1), 8-A12B (1), CERT (1), DRS (1), DRS/A (1), DRSLTR (1), EFFECT (1), NT 10-Q (1), S-1 (1), SCHEDULE 13D (1)
- Latest filingsAnnual report (10-K) Mar 31, 2026
Quarterly report (10-Q) Aug 17, 2026
Latest 8-K (8-K) Jan 7, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Units, each consisting of one Class A Ordinary Share and one Right | TWLVU | Nasdaq |
| Class A Ordinary Shares, par value $0.0001 per share | TWLV | Nasdaq |
| Rights, each entitling the holder to receive one-tenth (1/10) of one Class A Ordinary Share | TWLVR | Nasdaq |
From the cover page of the 10-K filed Mar 31, 2026 (Section 12(b) of the Exchange Act).4
Risk factors and legal proceedings
The risks Twelve Seas Investment Co III/Cayman names in Item 1A of its 10-K filed Mar 31, 2026: 9 risks under these headings, as written.4
- Risks Relating to our Search for, and Consummation of or Inability to Consummate, a Business Combination
- Risks Relating to the Post-Business Combination Company
- Risks Relating to Acquiring or Operating a Business in Foreign Countries
- Risks Relating to our Management Team
- Risks Relating to our Securities and Shareholder Rights
- If the number of SPACs evaluating targets increases, attractive targets may become scarcer and there may be more competition for attractive targets or such attractive targets may not be interested to consummate a Business Combination with a SPAC due to a negative public perception of mergers involving SPACs. This could increase the cost of our initial Business Combination and could even result in our inability to find a target or to consummate an initial Business Combination.
- The ability of our Public Shareholders to exercise redemption rights with respect to a large number of our Ordinary Shares could increase the probability that our initial Business Combination would be unsuccessful and that our Public Shareholders would have to wait for liquidation in order to redeem their Public Shares.
- Recent increases in inflation and interest rates in the United States and elsewhere could make it more difficult for us to consummate an initial Business Combination.
- Military or other conflicts and other disruptions to the equity or debt capital markets, including as a result of inflation in the United States and elsewhere, may lead to increased volume and price volatility for publicly traded securities, or affect the operations or financial condition of potential target companies, which could make it more difficult for us to consummate an initial Business Combination.
- We may seek to extend the Combination Period, which could reduce the amount held in our Trust Account and have adverse effects on our Company.
- The share price of the post-Business Combination company may be less than the Redemption Price of our Public Shares.
- Our search for an initial Business Combination, and any target business with which we may ultimately consummate an initial Business Combination, may be materially adversely affected by current global geopolitical conditions and armed conflicts in the Ukraine and Russia and in the Middle East between United States, Israel and Iran and others, as well as by other events that are outside of our control.
The other 1 risk
- Military or other conflicts in Ukraine, between the United States, Israel and Iran and others and other in the Middle East and Southwest Asia or other armed hostilities may lead to increased volume and price volatility for publicly traded securities, or affect the operations or financial condition of potential target companies, which could make it more difficult for us to consummate an initial Business Combination.
Legal proceedings
To the knowledge of our Management Team, there is no material litigation currently pending or contemplated against us, any of our officers or directors in their capacity as such, or against any of our property.
The opening of Item 3, Legal Proceedings.4
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8SEC EDGARGregory D. Nelson, Board member
- 9SEC EDGARJulian Vickers, Board member
- 10SEC EDGAROlga Klimova, Board member
- 11SEC EDGARRobert Foresman, Board member
- 12SEC EDGARDimitri Elkin, Board member
- 13SEC EDGAROther events
- 14SEC EDGAROther events
- 15
- 16NasdaqNasdaq calendar
- 17
- 18
- 19
- 20