04:17 AM EDT, 08/28/2024 (MT Newswires) -- Black Spade Acquisition II said late Tuesday it has priced its initial public offering of 15 million units at $10 per unit.

Each unit consists of one class A ordinary share and one-third of a redeemable warrant, with each whole warrant allowing the purchase of one class A ordinary share at $11.50.

The units are expected to be listed for trading on Nasdaq under the ticker symbol, "BSIIU" this Wednesday, the special purpose acquisition company said.

Once the units begin trading separately, the class A shares and warrants will begin trading on Nasdaq under the symbols, "BSII" and "BSIIW," respectively.

The IPO is set to close Thursday.