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Black Spade Acquisition II Co Announces the Separate Trading of its Class A Ordinary Shares and Warrants Commencing October 7, 2024

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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.

Black Spade Acquisition II Co ha annunciato che a partire dal 7 ottobre 2024, i possessori di unità della sua offerta pubblica iniziale possono negoziare separatamente le azioni ordinarie di Classe A e i warrant. L'IPO dell'azienda ha incluso 15.300.000 unità, raccogliendo proventi lordi di 153.000.000 dollari. Le unità continueranno a essere negoziate su Nasdaq con il codice "BSIIU", mentre le azioni ordinarie di Classe A e i warrant separati saranno scambiati rispettivamente con i codici "BSII" e "BSIIW". Saranno negoziati solo warrant interi, e i possessori di unità devono contattare la Continental Stock Transfer & Trust Company per separare le unità. Clear Street e Cohen & Company Capital Markets hanno agito come gestori del libro associati per l'offerta, effettuata tramite un prospetto.

Black Spade Acquisition II Co anunció que a partir del 7 de octubre de 2024, los titulares de unidades de su oferta pública inicial podrán negociar por separado acciones ordinarias de Clase A y warrants. La IPO de la compañía incluyó 15,300,000 unidades, recaudando ingresos brutos de 153,000,000 dólares. Las unidades continuarán negociándose en Nasdaq bajo el símbolo "BSIIU", mientras que las acciones de Clase A y los warrants separados se negociarán bajo los símbolos "BSII" y "BSIIW", respectivamente. Solo se negociarán warrants enteros, y los titulares de unidades deben contactar a Continental Stock Transfer & Trust Company para separar las unidades. Clear Street y Cohen & Company Capital Markets actuaron como gerentes de libro conjuntos para la oferta, que se realizó a través de un prospecto.

Black Spade Acquisition II Co는 2024년 10월 7일부터 초기 공모에서 발행된 단위 보유자들이 클래스 A 보통주와 워런트를 별도로 거래할 수 있다고 발표했습니다. 회사의 IPO에는 15,300,000 단위가 포함되어 있으며, 총 $153,000,000의 수익을 올렸습니다. 단위는 "BSIIU"라는 심볼로 나스닥에서 계속 거래되며, 분리된 클래스 A 주식과 워런트는 각각 "BSII""BSIIW"로 거래됩니다. 온전한 워런트만 거래되며, 단위 보유자는 단위를 분리하기 위해 Continental Stock Transfer & Trust Company에 연락해야 합니다. Clear Street와 Cohen & Company Capital Markets는 이 공모의 공동 북런닝 매니저로 활동하였으며, 이는 공시서를 통해 이루어졌습니다.

Black Spade Acquisition II Co a annoncé qu'à partir du 7 octobre 2024, les détenteurs d'unités de son introduction en bourse pourront négocier séparément des actions ordinaires de Classe A et des warrants. L'IPO de la société comprenait 15.300.000 unités, levant des produits bruts de 153.000.000 dollars. Les unités continueront d'être négociées sur le Nasdaq sous le symbole "BSIIU", tandis que les actions de Classe A et les warrants séparés seront négociés respectivement sous les symboles "BSII" et "BSIIW". Seuls les warrants entiers seront échangés, et les détenteurs d'unités doivent contacter la Continental Stock Transfer & Trust Company pour séparer les unités. Clear Street et Cohen & Company Capital Markets ont agi en tant que co-responsables de l'offre, qui a été réalisée par le biais d'un prospectus.

Black Spade Acquisition II Co kündigte an, dass ab dem 7. Oktober 2024 Inhaber von Einheiten aus ihrem Börsengang Class A Stammaktien und Warrants separat handeln können. Das IPO des Unternehmens umfasste 15.300.000 Einheiten und erzielte einen Bruttoerlös von 153.000.000 US-Dollar. Die Einheiten werden weiterhin an der Nasdaq unter "BSIIU" gehandelt, während die separierten Class A Aktien und Warrants unter "BSII" und "BSIIW" gehandelt werden. Nur ganze Warrants sind handelbar, und die Einheitinhaber müssen sich an die Continental Stock Transfer & Trust Company wenden, um Einheiten zu trennen. Clear Street und Cohen & Company Capital Markets fungierten als gemeinsame Bookrunner für das Angebot, das durch einen Prospekt abgewickelt wurde.

Positive
  • Successful IPO raising $153 million in gross proceeds
  • Listing on Nasdaq Stock Market, providing liquidity for investors
  • Option for investors to trade shares and warrants separately, potentially increasing flexibility
Negative
  • None.

HONG KONG--(BUSINESS WIRE)-- Black Spade Acquisition II Co (the “Company”) announced that commencing October 7, 2024, holders of the units sold in the Company’s initial public offering of 15,300,000 units (including 300,000 units sold in connection with the partial exercise of the underwriter’s over-allotment option), with a total gross proceeds of $153,000,000, may elect to separately trade the Class A ordinary shares and warrants included in the units. Those units not separated will continue to trade on the Nasdaq Stock Market LLC under the symbol “BSIIU,” and the Class A ordinary shares and warrants that are separated will trade on the Nasdaq Stock Market LLC under the symbols “BSII” and “BSIIW,” respectively. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. Holders of units will need to have their brokers contact Continental Stock Transfer & Trust Company, the Company’s transfer agent, in order to separate the units into Class A ordinary shares and warrants.

Clear Street LLC and Cohen & Company Capital Markets, a division of J.V.B. Financial Group, LLC, acted as joint book-running managers. The offering was made only by means of a prospectus, copies of which may be obtained from Clear Street LLC, Attn: Syndicate Department, 150 Greenwich Street, 45th floor, New York, NY 10007, by email at ecm@clearstreet.io, or from the SEC website at www.sec.gov.

A registration statement relating to the securities was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on August 23, 2024. This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Black Spade Acquisition II Co

Black Spade Acquisition II Co is the second SPAC of its founder, Black Spade Capital and its management team incorporated for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or assets. While the Company may pursue an acquisition or a business combination with a target in any business or industry, it believes that the entertainment, lifestyle and technology industries, particularly those that are major beneficiaries of artificial intelligence, provide ample business combination opportunities.

Forward-Looking Statements

This press release includes forward-looking statements that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Registration Statement and related prospectus filed in connection with the initial public offering with the SEC. Copies are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Investor Contact:



IR@blackspadeacquisitionii.com

Source: Black Spade Acquisition II Co

FAQ

When will Black Spade Acquisition II Co (BSII) begin separate trading of its Class A shares and warrants?

Black Spade Acquisition II Co announced that separate trading of its Class A ordinary shares and warrants will commence on October 7, 2024.

How much did Black Spade Acquisition II Co (BSII) raise in its initial public offering?

Black Spade Acquisition II Co raised gross proceeds of $153,000,000 through its initial public offering of 15,300,000 units.

What are the trading symbols for Black Spade Acquisition II Co's (BSII) securities on Nasdaq?

The units trade under 'BSIIU', Class A ordinary shares under 'BSII', and warrants under 'BSIIW' on the Nasdaq Stock Market

Who were the joint book-running managers for Black Spade Acquisition II Co's (BSII) IPO?

Clear Street and Cohen & Company Capital Markets, a division of J.V.B. Financial Group, , acted as joint book-running managers for the offering.

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