Black Spade Acquisition II Co. has announced an update to its merger and acquisition transaction with The Generation Essentials Group (TGE). Initially disclosed on January 27, 2025, Black Spade II has entered into a Business Combination Agreement with TGE and WME Merger Sub Limited, a wholly-owned subsidiary of WME. As part of this agreement, the Merger Sub will merge with and into Black Spade II, leading to Black Spade II becoming a wholly-owned subsidiary of TGE. A significant update involves the amendment of the existing warrant agreement, allowing the TGE Warrant to be exercised 30 days after the completion of the Business Combination. This update is part of the planned execution of the Assignment, Assumption and Amendment Agreement at the closing of the transaction.