ASPCR

A SPAC III Acquisition Corp. Rights represent securities issued alongside common stock during the SPAC's initial public offering, granting holders the contractual ability to purchase additional common shares at predetermined prices under specific conditions outlined in the SPAC's prospectus and indenture documents. Each right typically allows purchasing a fraction of one common share (often one-tenth or one-twentieth share per right) at a nominal exercise price, with rights becoming exercisable upon consummation of a business combination or other triggering events specified in the governing documents. Rights provide investors with modest additional upside participation if the SPAC successfully completes a merger and the combined entity's stock appreciates, while limiting downside risk since rights trade separately and cost minimally compared to common shares or warrants. The economic value of rights depends heavily on the ultimate business combination terms, post-merger stock performance, and specific exercise provisions which vary across SPACs based on sponsor preferences and market conditions at IPO. ASPCR rights trade independently from A SPAC III common stock (ASPC) and warrants, allowing investors to buy or sell rights separately based on their assessment of business combination prospects and potential value creation. Rights typically have shorter exercise windows than warrants and lower intrinsic value given fractional share purchase terms, making them primarily suitable for sophisticated investors seeking precise exposure to SPAC merger outcomes rather than broad-based retail investment vehicles.