Black Spade Acquisition II Co. (BSIIU) Prices $150M IPO
by Kristi Marvin on 2024-08-27 at 7:51pm

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.

Recent Posts
by Kristi Marvin on 2025-03-08 at 10:02am

Terms Tracker for the Week Ending March 7, 2025 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. It was an extremely quiet week on the SPAC front with no IPOs pricing, but there were three new S-1 filings.  There was also only...

by Nicholas Alan Clayton on 2025-03-07 at 8:18am

At the SPAC of Dawn  If things seem like they are accelerating fast to start 2025, that is even more so for the space sector, which had a big, and occasionally explosive, week this week. 2023 de-SPAC Intuitive Machines (NASDAQ:LUNR) landed on the moon a second time yesterday afternoon, but it may have seen its...

by Nicholas Alan Clayton on 2025-03-06 at 8:17am

At the SPAC of Dawn  SPACs have largely steered clear of the fintech sector, which used to be among its favorite hunting grounds of late, both due to unfavorable macro pressures and the lack of clear action on the traditional IPO side to comp to. That may soon change as buy-now-pay-later firm Klarna has confidentially...

by Nicholas Alan Clayton on 2025-03-05 at 8:18am

At the SPAC of Dawn  Stock market whip saws based on US government action are not likely going anywhere as President Donald Trump conceded “a little disturbance” is coming to the economy in a speech before a joint session of Congress. This pain in the short term is to be primarily the result of the...

by Henrique Santa Rosa, CFA on 2025-03-04 at 12:31pm

Cal Redwood Acquisition Corp. has filed for a $200 million SPAC IPO, aiming to focus on opportunities in the TMT (Technology, Media, and Telecommunications) sector.  The blank-check company intends to list on the Nasdaq under the symbol “CRAU”, offering 20,000,000 units at $10.00 each, with the trust funded at 100%. The unit structure includes a...

logo

Copyright © 2025 SPACInsider, Inc. All Rights Reserved