TGE and Black Spade II set for June 3 NYSE listing

PARIS & NEW YORK & SINGAPORE - The Generation Essentials Group (TGE), in collaboration with Black Spade Acquisition II Co (NASDAQ: BSII), announced the approval of their business combination by Black Spade II’s shareholders on May 30, 2025. The finalized merger is scheduled for June 3, 2025, at which point TGE’s Class A ordinary shares and warrants are expected to begin trading on the New York Stock Exchange and NYSE American under the ticker symbols "TGE" and "TGEWS," respectively.

The Generation Essentials Group, previously known as World Media and Entertainment Universal Inc., is a France-based conglomerate with a global focus on multimedia, entertainment, and cultural affairs, as well as offering hospitality and VIP services. TGE’s portfolio encompasses L’Officiel, The Art Newspaper, and various movie and entertainment projects.

Black Spade Acquisition II Co is a Special Purpose Acquisition Company (SPAC) formed by Black Spade Capital. It focuses on facilitating business combinations and expanding its global investment portfolio. Its predecessor, Black Spade Capital’s first SPAC, successfully merged with VinFast Auto Ltd., marking a significant transaction in the electric vehicle sector in August 2023.

The AMTD Group, a major stakeholder in TGE, operates across media, education, and hospitality sectors. AMTD IDEA Group (NYSE: AMTD; SGX: HKB) and AMTD Digital Inc. (NYSE: HKD), both part of the AMTD conglomerate, have a presence in digital solutions and services, connecting clients and investors globally. According to InvestingPro data, AMTD maintains strong financial health with a current ratio of 10.44 and trades at notably low valuations with a price-to-book ratio of 0.05. The company has demonstrated profitability over the last twelve months, with a gross profit margin of 100%.

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This press release contains forward-looking statements regarding the merger and future operations. These statements are subject to risks and uncertainties, and actual results may differ. Based on InvestingPro Fair Value analysis, AMTD currently appears undervalued in the market. The companies do not undertake any obligation to update forward-looking statements as per the U.S. Private Securities Litigation Reform Act of 1995.

The information in this article is based on a press release statement.

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