Black Spade Acquisition II Co. (Nasdaq: BSIIU) announced the pricing of its $150 million IPO and its shares are expected to begin trading on the Nasdaq under the symbol “BSIIU” Wednesday, August 28.
The new SPAC will have a broad search focus and the initial business combination opportunities will be sourced from the team’s proprietary network of executives, investors and advisors.
Black Spade II is led by Chairman and Co-CEO Dennis Tam, along with Co-CEO and CFO Kester Ng, and C0-CEO and COO Richard Taylor. Russell Galbut, Robert Moore, Patsy Chan, and Sammy Hsieh will serve as Directors.
The Company’s management team also served as executive director of or advisor to Black Spade Acquisition Co (“BSAQ”), a SPAC also sponsored by an affiliate of Black Spade Capital Limited. BSAQ completed its $169 million initial public offering in August 2021. In August 2023, BSAQ completed a $23 billion business combination with VinFast, a leading Vietnamese automaker and the first Vietnamese business to list in the U.S. by way of a business combination.
Total SPAC deal count for 2021 year-to-date is now 28. This offering is expected to close on Thursday, August 29.
Clear Street LLC and Cohen & Company Capital Markets, a division of J.V.B. Financial Group, LLC are acting as joint book-running managers. Latham & Watkins LLP is serving as Issuer’s Counsel with Loeb & Loeb LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.
Terms Tracker for the Week Ending June 6, 2025 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. After a blistering pace in May that saw 22 SPAC IPOs price, this week brought a much-needed breather. No new SPACs priced, but three more...
Oxley Bridge Acquisition Limited (NASDAQ:OBAU) has filed for a $220 million SPAC with a focus on finding a consumer or technology target in an Asian country other than China. The new SPAC is not overfunded and offers a 1/2 warrant in each unit with 24 months to initially complete a business combination without an automatic...
At the SPAC of Dawn While the world was glued to the public falling out between Elon Musk and President Donald Trump yesterday with a mix of bemusement and surprise, the spat is not without its ramifications for de-SPACs and sectors that searching SPACs have favored. Trump leveled a threat toward Musk’s many government contracts...
Churchill IX (NASDAQ:CCIX) has entered into a definitive agreement to combine with autonomous trucking technology firm Plus at a pro forma enterprise value of $1.308 billion. Santa Clara, California-based Plus is developing software to autonomously drive heavy trucks that it expects to launch commercially in 2027. The combined company is expected to trade on the...
At the SPAC of Dawn Following yesterday’s ADP data reading showing that the US job market is cooling, the trading session is to begin today with an update on initial jobless claims, which had been expected to fall slightly. The market will also get trade deficit and productivity readouts before a pair of speeches by...