Black Spade Acquisition II Co. Q1 2025 Update
| Field | Detail |
|---|---|
| Company | Black Spade Acquisition II Co |
| Form Type | 10-Q |
| Filed Date | May 15, 2025 |
| Risk Level | medium |
| Sentiment | neutral |
Sentiment: neutral
Topics: spac, acquisition, deadline
TL;DR
BSII still looking for a SPAC deal, deadline Aug 29, 2025.
AI Summary
Black Spade Acquisition II Co. filed its 10-Q for the period ending March 31, 2025. The company, a blank check entity, reported no significant financial activity for the quarter. Its primary focus remains on identifying a target for a business combination, with a deadline for this to occur by August 29, 2025.
Why It Matters
This filing indicates Black Spade Acquisition II Co. is still in its search phase for a business combination, with a looming deadline to complete a deal.
Risk Assessment
Risk Level: medium — The company is a SPAC with a limited timeframe to find a merger target, creating inherent risk.
Key Numbers
- $3.825M — Trust Account Balance (Represents funds available for potential business combination or shareholder redemption.)
- August 29, 2025 — Business Combination Deadline (Critical date by which the SPAC must complete an acquisition.)
Key Players & Entities
- Black Spade Acquisition II Co. (company) — Filer of the 10-Q
- March 31, 2025 (date) — End of reporting period
- August 29, 2025 (date) — Deadline for business combination
FAQ
What is the current status of Black Spade Acquisition II Co.'s search for a business combination?
The filing indicates the company is actively seeking a target for a business combination, with a deadline approaching.
What is the deadline for Black Spade Acquisition II Co. to complete a business combination?
The deadline for Black Spade Acquisition II Co. to complete a business combination is August 29, 2025.
What is the balance in Black Spade Acquisition II Co.'s trust account as of March 31, 2025?
As of March 31, 2025, the balance in the trust account was $3,825,000.
Has Black Spade Acquisition II Co. identified any specific industries or sectors for potential acquisition targets?
The filing does not specify any particular industries or sectors that Black Spade Acquisition II Co. is targeting.
What are the primary risks associated with Black Spade Acquisition II Co.'s business model?
The primary risks include the limited time to find a suitable acquisition target and the potential for shareholder redemptions, which could deplete the trust account.
Filing Details
This Form 10-Q (Form 10-Q) was filed with the SEC on May 15, 2025 regarding Black Spade Acquisition II Co.