The De-Spac-Ing Of Black Spade Acquisition II Co With AMTD

2025-03-06 00:57:07 ET

Summary

• Black Spade Acquisition II Co is merging with assets from AMTD Digital, reminiscent of previous meme stock phenomena with AMTD Idea and AMTD Digital.
• SPACs offer a route to market for private companies, but urgency near their two-year limit can lead to less attractive deals.
• The merger includes French magazines and hotel assets, raising skepticism about the $488 million valuation and potential meme stock resurgence.
• Investing in BSII is essentially a bet on whether it will replicate the meme stock success of HKD, with the risk of holding post-de-spac.

Another turn of this wheel

Well, this looks like fun. Black Spade Acquisition II Co ( BSII ) is going to de-spac. Well, obviously it will, given that it's a special acquisition company and that's what they're for. But we now know what it's going to merge with, which is an offshoot of the AMTD empire.

Which is, you know, interesting, given what happened when AMTD Digital ( HKD ) came to market and the associated fun in AMTD IDEA ( AMTD ). Like, absolutely vast, ridiculous in fact, meme stock status and stock price rises. At one point, one of them alone was worth more than Goldman Sachs....

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