---
title: "BLACK SPADE ACQUISITION II CO C/WTS 15/02/2029 (TO PUR COM) | 10-Q: FY2025 Q1 EPS: USD 0"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/240343536.md"
datetime: "2025-05-15T10:08:58.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/240343536.md)
  - [en](https://longbridge.com/en/news/240343536.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/240343536.md)
generator: "portal-rs"
---

# BLACK SPADE ACQUISITION II CO C/WTS 15/02/2029 (TO PUR COM) | 10-Q: FY2025 Q1 EPS: USD 0

EPS: As of FY2025 Q1, the actual value is USD 0.

### Segment Revenue

-   The company has not commenced any operations and will not generate operating revenue until after the completion of its initial Business Combination.

### Operational Metrics

-   **Net Income**: For the three months ended March 31, 2025, the company reported a net income of $10,378, primarily due to interest earned on cash held in the Trust Account.
-   **General and Administrative Expenses**: The company incurred $1,647,635 in general and administrative expenses for the three months ended March 31, 2025.

### Cash Flow

-   **Operating Cash Flow**: Net cash used in operating activities was - $273,426 for the three months ended March 31, 2025.
-   **Cash Held in Trust Account**: As of March 31, 2025, the company had $156,875,931 in cash held in the Trust Account.

### Unique Metrics

-   **Interest Income**: The company earned $1,648,030 in interest income from cash held in the Trust Account for the three months ended March 31, 2025.

### Future Outlook and Strategy

-   **Core Business Focus**: The company plans to effectuate its Business Combination using cash derived from the proceeds of its Initial Public Offering and the sale of Private Placement Warrants, shares, debt, or a combination thereof.
-   **Non-Core Business**: The company has entered into a Business Combination Agreement with The Generation Essentials Group, which involves a merger with WME Merger Sub Limited, making the company a wholly-owned subsidiary of TGE.

### Priority

-   The Business Combination Agreement includes a share consolidation or subdivision based on an Adjustment Factor, with the equity value of TGE being $488,000,000.

### Related Stocks

- [BSIIW.US](https://longbridge.com/en/quote/BSIIW.US.md)
- [TGE.WS.US](https://longbridge.com/en/quote/TGE.WS.US.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**