Black Spade Acquisition Ii CO

Market Movers (8-K)

The Generation Essentials Group (TGE) has successfully completed its business combination with Black Spade Acquisition II Co (BSII), with TGE's Class A Ordinary Shares and Warrants commencing trading on the NYSE and NYSE American on June 5, 2025, under the symbols TGE and TGE WS.
Black Spade Acquisition II Co (BSII) is set to delist from Nasdaq and transition its listing to the New York Stock Exchange (NYSE) and NYSE American under The Generation Essentials Group (TGE) following the consummation of their business combination.
Black Spade Acquisition II Co. shareholders have approved the business combination with The Generation Essentials Group, with the deal expected to close on June 3, 2025, despite significant shareholder redemptions totaling approximately $135.2 million.
Worse than expected
Black Spade Acquisition II Co. files an 8-K detailing an amendment to its warrant agreement in anticipation of its business combination with The Generation Essentials Group, ensuring warrant continuity post-merger.
World Media and Entertainment Universal, a global media and entertainment company, is set to go public through a business combination with Black Spade Acquisition II Co, valuing WME at approximately $488 million.
Black Spade Acquisition II Co announces that its Class A ordinary shares and warrants will commence separate trading on October 7, 2024.

Quarterly Earnings (10-Q)

Black Spade Acquisition II Co reports its financial results for the quarter ended March 31, 2025, showing a net income of $10,378 and continued efforts towards a business combination with The Generation Essentials Group.
Black Spade Acquisition II Co, a blank check company, reported a net income of $658,680 for the period from its inception on May 9, 2024, through September 30, 2024, primarily driven by interest income and changes in over-allotment liability.
Capital raise
Black Spade Acquisition II Co, a blank check company, reported a net loss of $53,179 for the period from its inception on May 9, 2024, through June 30, 2024, as it prepares for a business combination.
Capital raise

Annual Reports (10-K)

Black Spade Acquisition II Co amended its annual report to include cybersecurity disclosures, reaffirming its commitment to completing a business combination, despite potential challenges.
Black Spade Acquisition II Co's 10-K filing details its blank check status, focus on the entertainment industry, and proposed business combination with World Media and Entertainment Universal Inc. (aWME).

Insider Trading (Form 4)

Russell W. Galbut, a Director and 10% Owner of Black Spade Acquisition II Co, has completed the exchange of his Class B ordinary shares for Class A ordinary shares of The Generation Essentials Group, following the business combination agreement.
Black Spade Acquisition II Co. Director Po Yi Patsy Chan converted 17,739 Class B ordinary shares into Class A ordinary shares of The Generation Essentials Group following the completion of a business combination.
Black Spade Acquisition II Co-CEO Richard Kirby Taylor reports the conversion of his Class B ordinary shares into Class A ordinary shares of The Generation Essentials Group following the completion of a business combination.
Dennis Tam, Co-CEO of Black Spade Acquisition II Co., reported the cancellation of his Class B ordinary shares in exchange for Class A ordinary shares of The Generation Essentials Group, following the completion of a business combination.
Ng Shing Joe Kester, Co-CEO and Director of Black Spade Acquisition II Co., reported the conversion of his Class B ordinary shares into Class A ordinary shares of The Generation Essentials Group following a business combination.
Director Robert Steven Moore reported the cancellation of his 17,739 Class B ordinary shares of Black Spade Acquisition II Co (BSII) in exchange for Class A ordinary shares of The Generation Essentials Group (TGE) following a business combination.

Proxy Statements (Def-14A)

Black Spade Acquisition II Co. and The Generation Essentials Group are amending the warrant agreement to allow for earlier exercise of warrants following the closing of their business combination.
Black Spade Acquisition II Co is seeking shareholder approval for a business combination with The Generation Essentials Group, a global media and entertainment ecosystem.

New Public Companies (S-1)

Black Spade Acquisition II Co files an amendment to its S-1 registration statement, seeking to raise $150 million in an IPO to pursue a business combination in the leisure, technology, and entertainment industries, with a focus on the Asia Pacific region.
Capital raise
Black Spade Acquisition II Co, a blank check company, is seeking to raise $150 million through an IPO to pursue a business combination in the leisure, entertainment, and technology industries, with a focus on companies benefiting from artificial intelligence.
Capital raise
Black Spade Acquisition II Co, a blank check company, is seeking to raise $150 million through an initial public offering to pursue a business combination in the leisure, entertainment, and technology industries, with a focus on companies benefiting from artificial intelligence.
Capital raise
Black Spade Acquisition II Co files an amendment to its S-1 registration statement for a $150 million IPO, aiming to merge with a company in the leisure, entertainment, or technology industries.
Capital raise
Black Spade Acquisition II Co, a blank check company, files for a $150 million IPO to pursue a business combination in the entertainment, lifestyle, and technology industries, particularly those benefiting from AI.
Capital raise

Schedule 13G - Passive Investments

Fort Baker Capital Management LP and affiliates report 0% beneficial ownership in Black Spade Acquisition II Co, indicating a full divestment of their Class A ordinary shares.
Worse than expected
Polar Asset Management Partners Inc. has reported a 0% beneficial ownership in Black Spade Acquisition II Co., indicating a full divestment of its previous stake.
Goldman Sachs Group and its subsidiary Goldman Sachs & Co. LLC report 0% beneficial ownership in Black Spade Acquisition II Co., indicating a full divestment or reduction below reporting thresholds.
Worse than expected
A group of investment entities and an individual associated with Harraden Circle have disclosed a collective beneficial ownership of 6.54% of Black Spade Acquisition II Co's Class A Common Stock.
Barclays PLC has filed an amended Schedule 13G for Black Spade Acquisition II C, confirming its beneficial ownership of common stock is 5% or less, indicating a passive investment stance.
Barclays PLC has filed an amended Schedule 13G, reporting a 6.37% beneficial ownership stake in Black Spade Acquisition II C as of December 31, 2024.