<span item_type="fundamental" item_id="5e65ba1a88f786854977e4e73a6c48f8" counter_id="ST/US/BSIIW" env="prod"></span><span item_type="announcement" item_id="516314222028982657" env="prod"></span><p>EPS: As of FY2025 Q1, the actual value is USD 0.</p><p></p><h3>Segment Revenue</h3><ul><li>The company has not commenced any operations and will not generate operating revenue until after the completion of its initial Business Combination.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2025065/000141057825001298/bsii-20250331x10q.htm"></span></li></ul><h3>Operational Metrics</h3><ul><li><strong>Net Income</strong>: 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.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2025065/000141057825001298/bsii-20250331x10q.htm"></span></li><li><strong>General and Administrative Expenses</strong>: The company incurred $1,647,635 in general and administrative expenses for the three months ended March 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2025065/000141057825001298/bsii-20250331x10q.htm"></span></li></ul><h3>Cash Flow</h3><ul><li><strong>Operating Cash Flow</strong>: Net cash used in operating activities was - $273,426 for the three months ended March 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2025065/000141057825001298/bsii-20250331x10q.htm"></span></li><li><strong>Cash Held in Trust Account</strong>: As of March 31, 2025, the company had $156,875,931 in cash held in the Trust Account.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2025065/000141057825001298/bsii-20250331x10q.htm"></span></li></ul><h3>Unique Metrics</h3><ul><li><strong>Interest Income</strong>: The company earned $1,648,030 in interest income from cash held in the Trust Account for the three months ended March 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2025065/000141057825001298/bsii-20250331x10q.htm"></span></li></ul><h3>Future Outlook and Strategy</h3><ul><li><strong>Core Business Focus</strong>: 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.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2025065/000141057825001298/bsii-20250331x10q.htm"></span></li><li><strong>Non-Core Business</strong>: 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.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2025065/000141057825001298/bsii-20250331x10q.htm"></span></li></ul><h3>Priority</h3><ul><li>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.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2025065/000141057825001298/bsii-20250331x10q.htm"></span></li></ul>

BSIIW

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