Black Spade Acquisition II Co. (BSIIU) Prices $150M IPO

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.