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Black Spade Acquisition II Co Class A ( (BSII) ) has issued an update.
On June 2, 2025, Black Spade Acquisition II Co announced its intention to voluntarily delist its units, Class A ordinary shares, and warrants from Nasdaq, contingent upon the completion of its business combination with The Generation Essentials Group (TGE). This move is part of the transition as Black Spade II becomes a wholly owned subsidiary of TGE, with TGE’s shares and warrants expected to trade on the New York Stock Exchange and NYSE American starting around June 5, 2025. The delisting from Nasdaq and subsequent listing on the New York Stock Exchange are dependent on the successful closing of the business combination.
More about Black Spade Acquisition II Co Class A
Black Spade Acquisition II Co is a blank check company, also known as a Special Purpose Acquisition Company (SPAC), established to facilitate business combinations. It was founded by Black Spade Capital, which manages a diverse portfolio of cross-border investments. Black Spade II is the second SPAC from Black Spade Capital, following a previous successful merger with VinFast Auto Ltd., a Vietnamese electric vehicle company.
Average Trading Volume: 143,665
Technical Sentiment Signal: Strong Sell
For an in-depth examination of BSII stock, go to TipRanks’ Stock Analysis page.