Twelve Seas Investment Co III/Cayman · Purchase · Rights to receive Class A ordinary shares

What does this filing report?

An SEC Form 4 filing for Twelve Seas Investment Co III/Cayman records a purchase involving Rights to receive Class A ordinary shares on December 15, 2025. The reported quantity was 300,000. The filing date is December 15, 2025. This is one transaction record; amounts are not allocated among any joint reporting owners.

The acquisition category describes how securities were received. It does not by itself establish a cash purchase of common stock. Read the transaction code definitionsand the original filing before interpreting the amounts.

Derivative terms

Underlying security

Class A ordinary shares

Underlying quantity

30,000

Conversion / exercise price

Not reported

Exercise date

Not reported

Expiration date

Not reported

Filing footnotes & remarks

F1

Reflects the 300,000 Class A ordinary shares of Twelve Seas Investment Company III (the "Issuer") that are included in the 300,000 private placement units of the Issuer purchased by Twelve Seas Sponsor LLC ("Sponsor") on December 15, 2025. Each private placement unit was purchased for $10 per unit and consists of one Class A ordinary share and one right to receive one-tenth (1/10) of one Class A ordinary share upon consummation of the Issuer's initial business combination, as described in the registration statement on Form S-1 (File No. 333-286408).

F2

Twelve Seas Sponsor LLC is the record holder of such shares. Dimitri Elkin, one of our directors and Chief Executive Officer, is the managing member of Twelve Seas Holdings LLC, the managing member of Twelve Seas Sponsor LLC and holds sole voting and investment discretion with respect to the ordinary shares held of record by the sponsor. Mr. Elkin disclaims any beneficial ownership of the securities held by the sponsor other than to the extent of any pecuniary interest he may have therein, directly or indirectly.

F3

Represents the 30,000 Class A ordinary shares, which may be acquired by Sponsor upon the conversion of 300,000 rights (included in the Sponsor's private placement units) upon consummation of the registrant's initial business combination. As described in the Registration Statement under the heading "Description of Securities-Share Rights," each right will automatically convert into one-tenth (1/10) of one Class A ordinary share upon consummation of the Issuer's initial business combination, subject to certain adjustments described therein and have no expiration date. No fractional Class A ordinary shares will be issued upon conversion of such rights.

F4

Represents (i) the 300,000 rights referred to in footnotes 1 and 3 and (ii) 5,692,500 Class B ordinary shares held by the Sponsor acquired pursuant to a subscription agreement by and between the Issuer and the Sponsor.

Footnotes are reproduced as plain text from the current source filing. For the full context, read the original SEC filing.