ASPAC II Acquisition Corp.ASCBF
Cash in trust
$534K
$533,880
Trust per share
$11.26
Redemption value
IPO
May 2022
$200M raised
Combination deadline
Aug 5, 2027
290 days remaining
Filings on record
105
Latest Aug 10, 2026
Overview
ASPAC II Acquisition Corp. is a special purpose acquisition company incorporated in Virgin Islands, British and registered with the SEC under CIK 0001876716. It completed its initial public offering in May 2022, raising $200M in gross proceeds and listing on OTC. Class A shares trade under the ticker ASCBF on OTC. The vehicle is sponsored by ASPAC through Corp. The mandate targets financial services, real estate. IPO closed, trust funded, no definitive agreement announced.
“we intend to focus on businesses in the high-growth industries that apply cutting edge technologies, such as Proptech and Fintech, with a preference for companies that promote ESG principles.”
Reading the filings
Arithmetic on what ASPAC II Acquisition Corp. has disclosed, written the way a desk would read it. These are observations, not a rating. Nothing here scores the vehicle or implies a view on it.
Trust versus the $10 unit
The trust holds $11.26 per public share, 12.6% above the $10.00 the units were sold at. That spread is accrued interest on the trust and, where the charter provides for it, sponsor contributions paid in to buy more time. It is the floor a public shareholder can redeem at, not a valuation of the business.
Time on the clock
290 days to the Aug 5, 2027 deadline. The vehicle is early in its search window, and the deadline is not yet the binding constraint.
Extension history
Shareholders have already approved 3 extensions. Each one opened a redemption window, so the public float and the trust are almost certainly smaller than at IPO, and each typically came with a sponsor contribution that lifts trust per share. A vehicle on its second or third extension is one where the sponsor is paying to keep the search alive.
Underwriting
Ladenburg Thalmann led the offering. It has been named on 46 SPAC IPOs, book-running 11 of them, and 65% of its resolved vehicles closed a deal. The syndicate has no control over whether a sponsor finds a target, but the quality of the book at pricing shapes who ends up holding the units.
From listing to the date ASPAC II Acquisition Corp. must close a deal, extend again, or return the trust. The marker is today.
Filings per month since the first one. A vehicle that has gone quiet with a deadline ahead is a different proposition from one that is still working.
105 filings in all. 1 in the last three months, against a busiest month of 19.
Scores
Recomputed 4m agoThree readings of ASPAC II Acquisition Corp., each an unweighted mean of the components shown beneath it, and each component a percentile against every live SPAC rather than an absolute we invented. They describe the setup, not the merit. How they are built
Edge
ElevatedHow much does the structure protect a holder right now?
74/100
- Trust accretion92
$11.26 per share
- Runway56
290 days
Edge reads the setup, not the business. A vehicle can score well on protection and still be a poor place to leave money once a deal closes.
FOMO
LowHow much attention is this vehicle attracting right now?
0/100
- Filing activity0
0 in 30 days
- News coverage0
0 stories in 30 days
Attention is not quality. FOMO rises on news volume and on the market paying above trust, both of which have preceded plenty of disappointments.
Potential
ModerateHow likely is this vehicle to complete a combination, and at what scale?
34/100
- Lead bank record46
65.0%
- Bank franchise49
46 SPAC mandates
- Trust scale3
$1M
- Stage40
searching
Potential is about execution, not about the target. It says nothing about whether the eventual deal is worth owning, because the target is usually unknown when the score is computed.
These are derived measures, not ratings of investment merit. They carry no view on the target, no price target and no recommendation, and a high score is not a reason to buy anything.
News on ASPAC II Acquisition Corp.
Last 90 daysNothing in the last 90 days that names this vehicle. We attribute a story only when the release carries the ticker or the registered name, so an empty section means no press release or wire story matched — not that nothing was published. The filings below are the primary record either way.
SEC filing history
Free tier: filings older than 24 hours- 10-Q
Quarterly report
Accession 0001213900-26-086997
- 10-Q
Quarterly report
Accession 0001213900-26-054482
- 10-K
Annual report
Accession 0001213900-26-017294
- 10-Q
Quarterly report
Accession 0001213900-25-112093
- NT 10-Q
Late quarterly report notification
Accession 0001213900-25-110263
- 10-Q
Quarterly report
Accession 0001213900-25-108806
- 10-Q
Quarterly report
Accession 0001213900-25-106078
- 10-K/A
AMENDMENT NO. 1 TO FORM 10-K
Accession 0001213900-25-102200
- 8-K
Entry into a material definitive agreement
Items 1.01, 5.02, 9.01 · Accession 0001213900-25-099959
- NT 10-Q
Late quarterly report notification
Accession 0001213900-25-076098
- 8-K
Current report
Items 4.01, 9.01 · Accession 0001213900-25-072069
- 8-K
Submission of matters to a vote of security holders
Items 5.03, 5.07, 9.01 · Accession 0001213900-25-069981
- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0001213900-25-068295
- 8-K
Current report
Items 5.02, 9.01 · Accession 0001213900-25-068269
- 4
Statement of changes in beneficial ownership
Accession 0001213900-25-064539
- SC 14F1
INFORMATION STATEMENT
Accession 0001213900-25-064138
- SCHEDULE 13D
Beneficial ownership report (activist)
Accession 0001213900-25-064101
- DEF 14A
Definitive proxy statement
Accession 0001213900-25-064088
- 8-K
Entry into a material definitive agreement
Items 1.01, 9.01 · Accession 0001213900-25-063920
- 3
Initial statement of beneficial ownership
Accession 0001213900-25-063692
- PRE 14A
PROXY STATEMENT
Accession 0001213900-25-058635
- NT 10-Q
Late quarterly report notification
Accession 0001213900-25-044161
- 10-K
Annual report
Accession 0001013762-25-003451
- 8-K
Entry into a material definitive agreement
Items 1.01, 9.01 · Accession 0001213900-24-107151
- 10-Q
Quarterly report
Accession 0001213900-24-096883
- UPLOAD
SEC staff comment letter
Accession 0000000000-24-011660
- 25-NSE
Notification of delisting
Accession 0001354457-24-000795
- CORRESP
Correspondence with SEC staff
Accession 0001213900-24-087294
- 10-K/A
AMENDMENT NO. 1 TO FORM 10-K
Accession 0001213900-24-087291
- UPLOAD
SEC staff comment letter
Accession 0000000000-24-011144
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ASPAC II Acquisition Corp.: questions answered
What is ASPAC II Acquisition Corp. (ASCBF)?
ASPAC II Acquisition Corp. is a special purpose acquisition company incorporated in Virgin Islands, British and registered with the SEC under CIK 0001876716. It completed its initial public offering in May 2022, raising $200M in gross proceeds and listing on OTC. Class A shares trade under the ticker ASCBF on OTC. The vehicle is sponsored by ASPAC through Corp. The mandate targets financial services, real estate. IPO closed, trust funded, no definitive agreement announced.
How much does ASPAC II Acquisition Corp. hold in trust?
Approximately $533,880, or about $11.26 per public share, as at the most recent filing on record. Trust balances move: shareholders redeem at extension votes and at the combination vote, and sponsors pay contributions in to extend. Treat the figure as a point-in-time disclosure, not a running balance.
When must ASPAC II Acquisition Corp. complete a merger?
By Aug 5, 2027, after 3 shareholder-approved extensions. If no combination closes by then the sponsor must seek a further extension or wind the vehicle up and return the trust.
What happens if ASPAC II Acquisition Corp. does not find a target in time?
The charter requires the vehicle to redeem 100% of the public shares and return the trust, pro rata, to public shareholders. That is the mechanism working as designed rather than a default. Founder shares and warrants are worthless in that outcome, which is why the sponsor's incentive is to get a deal done or to buy more time. Across the market, deadline lapsed without a deal; trust returned to public shareholders.
Can I redeem shares in ASPAC II Acquisition Corp., and at what price?
Public shareholders may elect to redeem in connection with a combination vote and at each extension vote, at the pro-rata trust value on the relevant record date, most recently disclosed at about $11.26 per share. Redemption is a right attached to the public shares only; warrants and rights carry no claim on the trust. The mechanics and the deadline for electing are set out in the proxy statement for the vote in question.
What tickers does ASPAC II Acquisition Corp. trade under?
Class A shares trade as ASCBF on OTC. Units trade first and separate into their component securities roughly 52 days after the IPO; only the Class A shares carry the redemption right against the trust.
Is the trust value the same as the share price for ASPAC II Acquisition Corp.?
No. Trust per share is a disclosed, contractual figure: what a redeeming holder receives. The market price is whatever the shares change hands at, which can sit above the trust when a deal is well received or below it when the market doubts one will close. We do not have a current quote for this vehicle, so no spread is shown.
Who sponsors ASPAC II Acquisition Corp., and what is their track record?
Corp is the sponsor entity, part of the ASPAC franchise. This is the only vehicle we have attributed to that sponsor. Named principals: Claudius Tsang.
Which banks underwrote the ASPAC II Acquisition Corp. IPO?
Ladenburg Thalmann, Maxim Group. Ladenburg Thalmann and Maxim Group were credited as book-running managers on the cover. Syndicate membership and role are read from the prospectus cover and the underwriting section.
Is ASPAC II Acquisition Corp. tradeable, and where?
Our market-data provider returns no quote for ASCBF. That is normal for a vehicle that has not begun trading, has been delisted after a wind-up, or is too thinly traded to carry a two-sided market. The absence of a quote is shown as "not quoted" rather than as a zero.
Is ASPAC II Acquisition Corp. a good investment?
That is not a question this site answers. ASPAC II Acquisition Corp. is covered here as reference data: what the company filed, when it filed it, and what the numbers in those filings say. The Edge, FOMO and Potential scores on this page are derived measures with a published formula, not ratings of investment merit: they describe the setup, and every component is shown so you can take them apart. We publish no price targets and no recommendations, and nothing here should be read as advice. The figures are a starting point for your own work, and each one carries the accession number of the filing it came from.
Where does this ASPAC II Acquisition Corp. data come from?
Filings ASPAC II Acquisition Corp. submitted to the SEC under CIK 0001876716: the registration statement and final prospectus for the structure, quarterly and annual reports for the trust, current reports and proxy statements for deals, votes and extensions. Trust economics are taken from the registrant's own XBRL tags rather than parsed from prose, which is why they are exact. Every filing in the history above is listed with its accession number, which identifies the document uniquely on EDGAR; Pro accounts open it directly from the row.
Compiled by the SPACListing research desk
Last reconciled Oct 19, 2026
Every figure on this page is read from documents the registrants filed with the U.S. Securities and Exchange Commission, principally the IPO prospectus (Form 424B4), quarterly and annual reports, current reports and proxy statements, the registrant's own XBRL tags for trust economics. Nothing is sourced from press coverage, from the companies themselves, or from a third-party aggregator. Where a filing does not disclose something, the field is left blank rather than estimated.
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The context around this vehicle: who else the sponsor has launched, which banks priced it, and where it sits in the wider market.
ASPAC: the full record
Every vehicle this sponsor has launched, what closed, what liquidated and what is still live.
Ladenburg Thalmann in SPACs
Mandates, bookrun credit, deal volume and the outcome of the vehicles it priced.
Financial Services SPACs
Every vehicle chasing the same mandate, ranked by cash in trust.
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IPO closed, trust funded, no definitive agreement announced.
Deadline calendar
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