Black Spade Acquisition II Co (BSII) Steps Closer to Merger Completion with Shareholders’ Approval

Shareholders of Black Spade Acquisition II Co (NASDAQ:BSII) have approved the proposed business combination with The Generation Essentials Group (TGE), moving the deal a step closer to completion. The closing is expected on June 3, 2025, setting the stage for a new publicly listed entity on the New York Stock Exchange and NYSE American under the tickers “TGE” and “TGEWS”.

Black Spade Acquisition II Co (“Black Spade II”) is a blank check company incorporated for the purpose of effecting a business combination (Special Purpose Acquisition Company or SPAC)

With The Generation Essentials Group (TGE), Black Spade Acquisition II Co (NASDAQ:BSII), backed by Black Spade Capital, is executing its second major SPAC deal, following its earlier de-SPAC transaction with Vietnamese EV maker VinFast in 2023.

France-based company, The Generation Essentials Group (TGE), is a multinational player in media and hospitality, with assets including L’Officiel, The Art Newspaper, and several entertainment ventures. The merger, jointly supported by AMTD Group and its affiliates, potentially solidifies the company’s global presence. Post-closure, the combined entity will file a Form 8-K with the SEC detailing the shareholder vote results.

The decision, however, follows a period of volatility for Black Spade Acquisition II Co (NASDAQ:BSII) as its stock fell by 5.31% over the past week. The analysts have not released updated ratings or price targets for the company, and its current market cap stands at $187.38 million.

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Disclosure: None.