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The Generation Essentials Group (Black Spade Acquisition II) Priced, Nasdaq: TGE

Blank check company targeting the entertainment, lifestyle, and tech industries (completed 6/4/2025).

Industry: SPAC

Latest Trade: $5.91 0.00 (0.0%)

First Day Return: -0.7%

Return from IPO: -40.9%

We are a blank check company. Black Spade Capital Limited (“Black Spade Capital”) is the private investment arm of Mr. Lawrence Ho and an affiliate of our sponsor. Mr. Ho is a visionary entrepreneur and a globally recognized leader within the leisure and entertainment industry. Our potential targets may exhibit a broad range of business models and financial characteristics that range from very high growth innovative companies to more mature businesses with established recurring revenues and strong cash flows. While we may pursue a business combination in any industry, we believe that the entertainment, lifestyle and technology industries, particularly those that are major beneficiaries of Artificial Intelligence (“AI”), provide ample business combination opportunities. We plan to also look at companies that are involved in the provision of AI biotechnology or AI infrastructure and services.
IPO Data
IPO Date 08/27/2024
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 15.0
Deal Size ($mm) $150
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Clear Street
Cohen & Company Securities
Company Data
Headquarters Hong Kong, China
Founded 2024
Employees at IPO 3

The Generation Essentials Group (Black Spade Acquisition II) (TGE) Performance

Created with Highcharts 10.3.2Chart context menuTGE vs. IPO Index (IPOUSA)Sep 9Oct 7Nov 4Dec 2Dec 30Jan 27Feb 24Mar 24Apr 21May 19Jun 16Jul 140%-50%-25%+ 25%View 5 days5dView 1 month1mView 3 months3mView year to dateYTDView 1 year1yView allAllRenaissance IPO IndexTGEOur ETF tracks the IPO Index