BSII SEC filings, in plain English
Everything Black Spade Acquisition II Co has filed with the SEC that we hold — 40 filings, newest first, 1 with a plain-English summary of what changed and why it matters. Every row links to the primary document on EDGAR, so you can check the source rather than trust us.
The feed
live EDGAR captureNew filings appear here within minutes of hitting EDGAR; summaries follow once the pipeline has read them.
- What changed vs 2024-11-12trust $153.7M → $156.9M +2%going concern APPEARED
trust account, going-concern doubt, redeemable shares2 moved · 1 with no prior record of ours
- Trust account
- $153.7M$156.9M
- Going-concern doubt
- not statedstated
- Redeemable shares
- 15.3M · unchanged
SpacBrain reads this as $3,200,649 was added to the trust between the two filings.
The clause …“143,116 133,094 Total Current assets 2,103,954 2,250,110 Cash held in Trust Account 156,875,931 155,345,149 TOTAL ASSETS $ 158,979,885 $ 157,595,259 LIABILITIES AND SHAREHOLDERS’ DEFICIT ”…
SpacBrain reads this as the substantial-doubt sentence is in this filing and not in the previous one.
The clause …“such additional capital will ultimately be available. This condition raise substantial doubt about the Company’s ability to continue as a going concern for a period of time within one year after the date that the financial statements”…
The clause …“issued and outstanding at March 31, 2025 and December 31, 2024 (excluding 15,300,000 shares subject to possible redemption), respectively — — Class B Ordinary Shares, $ 0.0001 par value; 15,000,000 shares authorized;”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
What changed: Black Spade Acquisition II Co called an extraordinary general meeting for May 30, 2025 at 9:00 a.m. Eastern Time by webcast to approve the business combination agreement dated January 27, 2025 with The Generation Essentials Group. TGE equity value is set at $488,000,000, converted to a Per Share TGE Equity Value and divided into $10.00; each BSII Class A ordinary share is cancelled for one TGE Class A share. Eligible non-redeeming public shareholders receive a $1.25 per share Non-Redemption Payment. Trust across five redemption scenarios: $19.1, $13.4, $9.6, $4.8 and $0.6 million. Why it matters: The $1.25 per share Non-Redemption Payment is a direct cash inducement to stay, effectively paying holders roughly 12% of a $10.00 reference value to forgo redemption — worth weighing against the $488 million valuation being assigned to a company that is not yet a public reporting issuer. The trust ladder shows how thin the deal can get: at the highest redemption scenario only about $0.6 million survives, leaving the combined company with essentially no SPAC cash.
In plain English
Redemption deadlinethe last day to hand shares back for cash
Set by the filing that calls the meeting. Tender after it and the company is under no obligation to pay you the trust value.
Cash in trust / trust per sharethe cash the company is holding for each public share
Filed quarterly in the 10-Q's XBRL. It earns interest between filings, so the figure on a given day is slightly higher than the last filed one — where we show that we label it an estimate.
Accession numberthe SEC's unique id for one filing
Every figure on this page carries the accession of the filing that states it, so you can open the primary document rather than trust us.