Black Spade Acquisition Corp II Co debuted on the U.S. stock market, opening slightly down at $9.925.
According to WiseMoney, on Wednesday, Black Spade Acquisition Corp II Co (BSIIU.US) made its debut on the U.S. stock market, opening slightly down at $9.925. The IPO price was $10. Black Spade Acquisition Corp II Co is a special purpose acquisition company launched by Black Spade Capital, an affiliate of Melco International (00200) Chairman Lawrence Ho's family office.
This initial public offering consists of 15 million units, each unit consisting of one Class A common share and one-third of a redeemable warrant. Subject to certain adjustments, each full warrant can purchase one share of Class A common stock at an exercise price of $11.5 per share. After the unit split, fractional warrants will not be issued, and only full warrants are tradable.
