Jan 27 (Reuters) - Black Spade Acquisition II Co ( BSII )

:

* WORLD MEDIA AND ENTERTAINMENT UNIVERSAL TO GO PUBLIC

THROUGH

BUSINESS COMBINATION WITH BLACK SPADE ACQUISITION II CO

* BLACK SPADE ACQUISITION II CO ( BSII ) - BUSINESS COMBINATION

VALUES WME

AT APPROXIMATELY $488 MILLION

* BLACK SPADE ACQUISITION II CO ( BSII ) - NON-REDEEMING SHAREHOLDERS

TO

RECEIVE $1.25 PER SHARE POST-TRANSACTION

* BLACK SPADE ACQUISITION II CO ( BSII ) - EXISTING WME SHAREHOLDERS

TO

HOLD OVER 70% OF COMBINED COMPANY

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(Reporting by Siddhi Mahatole)