Twelve Seas Investment Co III/Cayman TWLV
are a blank check company incorporated on August 14, 2024, as a Cayman Islands exempted company and formed for the purpose of effecting
a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or
more businesses. While we may pursue an initial business combination target in any business, industry or geographic location, we intend
to focus our search on global companies located outside the United States, with an emphasis on established profitable enterprises in oil
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 |
|---|---|---|
| SG&A | $229.3K | — |
| Operating income | -$229.3K | — |
| Pre-tax income | $37.0K | — |
| Income tax | $0 | — |
| Net income | $37.0K | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 |
|---|---|---|
| Cash and equivalents | $693.5K | $25.1K |
| Total current assets | $802.8K | $34.7K |
| Total assets | $173.6M | $81.9K |
| Total current liabilities | $173.4K | $74.2K |
| Total liabilities | $7.1M | $74.2K |
| Retained earnings | -$6.2M | -$17.2K |
| Total equity | -$6.2M | $7.8K |
Cash flow
| Fiscal year | FY2025 | FY2024 |
|---|---|---|
| Operating cash flow | -$252.2K | — |
| Investing cash flow | -$172.5M | — |
| Financing cash flow | $173.4M | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001213900-26-036676.
Others in SIC 6770
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| DMII | Drugs Made In America Acquisition II Corp. | $647.8M | — | — |
| IACO | Idea Acquisition Corp. | $437.1M | — | — |
| KRAQ | KRAKacquisition Corp | $431.6M | — | — |
| TACO | Berto Acquisition Corp. | $393.6M | 36.2x | — |
| ALDF | Aldel Financial II Inc. | $322.7M | — | — |
| ATII | Archimedes Tech SPAC Partners II Co. | $315.1M | — | — |
| FGII | FG Imperii Acquisition Corp. | $289.7M | — | — |
| SOUL | Soulpower Acquisition Corp. | $268.0M | — | — |