03:40 PM EDT, 08/29/2024 (MT Newswires) -- Black Spade Acquisition II ( BSIIU ) closed its $150 million initial public offering of units.

The company sold 15 million units at $10 a piece, and the units started trading Wednesday on Nasdaq under the ticker symbol BSIIU, the company said Thursday.

Each unit in the offering consists of one class A ordinary share and one-third of a redeemable warrant to buy one class A ordinary share at $11.50 a share.

The company granted underwriters a 45-day option to buy up to an additional 2.25 million units to cover overallotments.

Price: 9.94, Change: +0.01, Percent Change: +0.15