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Stock impact report

Black Spade Acquisition II Co Announces Closing Of $150 Million Initial Public Offering

Black Spade Acquisition II Co - unit (BSIIU) 
Company Research Source: Business Wire
HONG KONG--(BUSINESS WIRE)--Black Spade Acquisition II Co (the “Company”) (NASDAQ: BSIIU), a special purpose acquisition company (“SPAC”), today announced the closing of its previously announced initial public offering of 15,000,000 units at a price of $10.00 per unit, for aggregate gross proceeds to the Company of $150,000,000.The units began trading on The Nasdaq Stock Market LLC (“Nasdaq”) under the ticker symbol “BSIIU” on August 28, 2024. Each unit consists of one Class A ordinary share and one-third of one redeemable warrant, with each whole warrant exercisable to purchase one Class A ordinary share at a price of $11.50 per share. Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be traded on Nasdaq under the ticker symbols “BSII” and “BSIIW”, respectively.The Company has granted the underwriters a 45-day option to purchase up to an additional 2,250,000 units at an offering price of $10.00 per unit to co Show less Read more
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