M&A
confidence high
sentiment positive
materiality 0.85
Black Spade Acquisition II Co: M&A transaction — TGE completes de-SPAC merger with Black Spade II at $488M equity value; shares start June 5
Black Spade Acquisition II Co
- Business combination closed June 3, 2025; each BSII share converted into one TGE Class A ordinary share.
- TGE (media, entertainment, hospitality) to trade on NYSE & NYSE American under 'TGE' and 'TGE WS' starting June 5.
- TGE equity value set at $488M; Black Spade II becomes wholly-owned subsidiary of TGE.
- All BSII officers/directors resigned; delisting from Nasdaq and SEC deregistration to follow.
- Registration rights agreement entered with sponsor shareholders for customary registration rights.