While we intend to conduct a global search for target businesses without being limited by geographic region, our sponsor and our executive officers (each of whom is also a director) are based in Hong Kong.  (Incorporated in the Cayman Islands) 

Our founder and executive officers have experience investing in and building businesses in the Asia Pacific region, and (they) have a deep understanding of the region’s business environment, regulations, regulatory bodies and culture. Therefore, we may pursue a business combination with a company doing business in Greater China, including, solely for purposes of this prospectus, Hong Kong, Taiwan and Macau. 

We will not consummate our initial business combination with an entity or business with China operations consolidated through a variable interest entity, or VIE, structure.

Black Spade Capital Limited (“Black Spade Capital”) is the private investment arm of Mr. Lawrence Ho and an affiliate of our sponsor. Mr. Ho is a visionary entrepreneur and a globally recognized leader within the leisure and entertainment industry. Mr. Ho has been the chairman and chief executive officer of Melco International Development Limited, a company listed on the Stock Exchange of Hong Kong (collectively with its subsidiaries, “Melco International” or “Melco Group”) since March 2006. Mr. Ho is also currently the chairman and chief executive officer of Melco Resorts & Entertainment Limited, a company listed on the NASDAQ Global Select Market (“Melco Resorts & Entertainment”), and a director of Studio City International Holdings Limited, a company listed on the New York Stock Exchange, both listed subsidiaries of Melco International.

Mr. Ho spearheaded Melco Group’s foray into the leisure and entertainment sector, and redefined the premium mass gaming segment in Macau, which subsequently anchored Melco Group’s position as a leading developer, owner and operator of gaming and integrated resort facilities with presence in Macau, Philippines, Cyprus and Sri Lanka (targeted opening in mid-2025). Melco Resorts & Entertainment’s net revenue and Adjusted EBITDA reached $5.7 billion and $1.6 billion, respectively, in 2019 before the COVID-19 pandemic. Post-pandemic performance also experienced rebound with Melco Resorts & Entertainment’s operating revenue and Adjusted EBITDA reaching $3.8 billion and $1.0 billion, respectively, in 2023 and $1.1 billion and $283.7 million, respectively, in the first quarter of 2024.

Melco Group owns and operates five Forbes Travel Guide Five-Star hotels in Asia and received 16 Forbes Travel Guide Five-Star and three Forbes Travel Guide Four-Star recognitions across its properties in 2024, maintaining its lead among integrated resorts in Asia. In addition, the Melco Group has been honored by Michelin Guide Hong Kong & Macau 2024 with a collective total of eight Michelin stars across five restaurants located in its properties including City of Dreams, Studio City and Altira Macau, which established it as Macau’s leader with the highest number of Michelin stars achieved across its properties.

(Note: Black Spade Acquisition II Co. priced its SPAC IPO on Tuesday night, Aug. 27, 2024, in sync with the terms in its prospectus: 15.0 million units at $10.90 each to raise $150.0 million.)