Welcome to our dedicated page for Black Spade Acquisition II Co news (Ticker: BSII), a resource for investors and traders seeking the latest updates and insights on Black Spade Acquisition II Co stock.
Black Spade Acquisition II Co (BSII) provides investors with comprehensive updates on its special purpose acquisition company activities. This page serves as the definitive source for tracking merger developments, capital market strategies, and operational milestones for this blank check entity.
Access real-time announcements including proposed business combinations, SEC filings, and leadership updates. Our curated collection ensures you stay informed about BSII's progress in identifying acquisition targets and executing its SPAC mandate.
Key updates include merger negotiations, investor communications, regulatory filings. All content maintains strict neutrality while providing essential context about SPAC mechanics and market positioning.
Bookmark this page for streamlined access to BSII's evolving corporate narrative. Check regularly for critical updates that may impact your understanding of this acquisition-focused investment vehicle.
World Media and Entertainment Universal (WME) and Black Spade Acquisition II Co (BSII) have announced a business combination agreement valued at approximately US$488 million. WME, a global media and entertainment company, owns notable assets including L'Officiel fashion magazine, The Art Newspaper, and premium hotel properties.
The combined company will maintain the WME name with headquarters in Paris and will be listed on a U.S. stock exchange. The deal includes BSII's US$153 million cash in trust, and existing WME shareholders will retain over 70% ownership post-transaction. Non-redeeming BSII shareholders will receive US$1.25 per share post-transaction.
Major shareholders including AMTD Digital Inc., AMTD IDEA Group, and AMTD Group Inc. have committed to a 3-year lock-up period. The transaction is expected to close in mid-2025, subject to regulatory and shareholder approvals.
Black Spade Acquisition II Co announced that starting October 7, 2024, holders of units from its initial public offering can separately trade Class A ordinary shares and warrants. The company's IPO included 15,300,000 units, raising gross proceeds of $153,000,000. Units will continue trading on Nasdaq under "BSIIU", while separated Class A shares and warrants will trade under "BSII" and "BSIIW" respectively. Only whole warrants will trade, and unit holders must contact Continental Stock Transfer & Trust Company to separate units. Clear Street and Cohen & Company Capital Markets acted as joint book-running managers for the offering, which was made through a prospectus.
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