Helix Acquisition Corp III (NASDAQ: HLXC) is a blank check company incorporated in the Cayman Islands that exists solely to identify and complete an initial business combination with an operating target. It generates no operating revenue. The company consummated its IPO on January 26, 2026, raising proceeds from the sale of 17,250,000 Class A ordinary shares, with funds held in a trust account pending a business combination. Non-operating income in the form of interest and dividend income on trust account investments is the only expected source of income prior to a deal closing. The sponsor paid $25,000 for founder shares at inception on September 10, 2025. As of December 31, 2025, the company reported a net loss of $51,482, consisting entirely of formation, general, and administrative costs. No target has been identified as of the 10-K filing date of March 31, 2026. No cash dividends have been paid and none are intended prior to a business combination.

Revenue model

No operating revenue as of December 31, 2025. Expected pre-combination income limited to interest and dividend income on assets held in trust. Post-combination revenue model depends entirely on the acquired target.

Products and services

Blank check SPAC vehicle. Class A ordinary shares listed on Nasdaq under HLXC. Class B founder shares held by sponsor and independent directors. Private Placement Shares issued in connection with the January 26, 2026 IPO.

Customers and end markets

No customers or end markets as of the filing date. The company has not identified a business combination target as of March 31, 2026.

Value-chain role

Special purpose acquisition company. Raises public capital via IPO, holds proceeds in trust, and seeks to merge with or acquire an operating business. No operations of its own.

Geographic exposure

Incorporated in the Cayman Islands. Class A ordinary shares listed on Nasdaq. May reincorporate in another jurisdiction upon completion of a business combination.

Source: SEC 10-K, filed 2026-03-31

Industry: Blank Checks