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Black Spade Acquisition Co - BSAQ

  • Commons

    $9.70

    -0.21%

    BSAQ Vol: 240.0

  • Warrants

    $0.74

    -17.01%

    BSAQ+ Vol: 70.0

  • Units

    $10.10

    +0.40%

    BSAQ= Vol: 240.0

Average: 0
Rating Count: 0
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SPAC Stats

Market Cap: 163.9M
Average Volume: 25.8K
52W Range: $9.61 - $9.98
Weekly %: -0.51%
Monthly %: -0.82%
Inst Owners: 1

Info

Target: Searching
Days Since IPO: 135
Unit composition:
Each unit has an offering price of $10.00 and consists of one Class A ordinary share and one-half of one redeemable warrant
Trust Size: 15000000.0M

Management

Our officers, directors and director nominees are as follows: Name Age Position Dennis Tam 52 Executive Chairman of the Board and Co-Chief Executive Officer Kester Ng 54 Director Nominee and Co-Chief Executive Officer Francis Ng 36 President, Director Nominee and Chief Financial Officer Russell Galbut 69 Director Nominee Robert Moore 69 Director Nominee Patsy Chan 57 Director Nominee Sammy Hsieh 49 Director Nominee Dennis Tam, or Chi Wai Dennis Tam, our Chairman and Co-Chief Executive Officer, serves as President and CEO of Black Spade Capital with more than 20 years of experience in corporate finance, accounting, financial control and mergers & acquisitions. Prior to joining Black Spade, Mr. Tam was the Group Finance Director of Melco International from 2006 to 2017. He has also held senior management positions with various local listed and multinational companies throughout his career. He has been the chairman of the board for Greater China for the Institute of Certified Management Accountants since 2014, a member of the Institute of Public Accountants since 2013, a member of CPA Australia since 2000. Mr. Tam was awarded ¬ďAsia¬ís Best CFO (Investor Relations)¬Ē at the Asian Excellence Awards by Corporate Governance Asia magazine in 2014, 2015, 2017 and 2018. Mr. Tam obtained his Master Degree in Accounting from Monash University, and was trained at Harvard Business School in Boston, Massachusetts. Kester Ng, or Shing Joe Kester Ng, our Co-Chief Executive Officer, also serves as the Chief Executive Officer of GRE Investment Advisors Limited, a company providing Private Equity investment advisory and asset management services to institutions, ultra-high net worth individuals and family offices. GRE is licensed by the Hong Kong Securities & Futures Commission (¬ďSFC¬Ē) to provide investment advisory and asset management services, under type 4 (Advising on Securities) and Type 9 (Asset Management) licenses. Mr. Ng is also a Managing Director of the NM Strategic Focus Fund I and II, which are both private equity funds with a focus on making direct investments and providing growth capital to companies in the areas of technology, fintech, health care and consumer services in the Greater China region. Private Equity Investee companies include the likes of Lufax (¬ďLU US EQUITY¬Ē) and Ping An Health and Technology (¬ď1833 HK¬Ē). Before joining GRE Investment Advisors Limited in 2014, Mr. Ng worked at J.P. Morgan from 2006 to 2013 where he was the Chairman and Head of Equity Capital & Derivatives Markets for the whole Asia Pacific region, responsible for raising capital for both public and private companies via initial public offerings, equity-linked offerings and pre-IPO transactions. Prior to J.P. Morgan, Mr. Ng served as the Managing Director and Head of Greater China Equity Capital Markets at Merrill Lynch and worked there from 1995 to 2006 in London and Hong Kong. Over his professional career, Mr. Ng is one of the most senior ECM bankers in the Asia Pacific Region, having completed a significant number of IPOs, equity and equity-linked transactions. His experience includes more than 100 IPOs, pre-IPOs and equity linked transactions for Greater China companies, raising over $100 billion on the major stock exchanges globally, including Hong Kong, NYSE, NASDAQ, London and Singapore. He completed the Agricultural Bank of China¬ís $22 billion dual listed Hong Kong and Shanghai IPO in 2010, which was the largest IPO globally ever at the time. Mr. Ng also served as a director of the boards of both J.P Morgan Securities (Asia Pacific) Limited and J.P. Morgan Broking (Hong Kong) Limited. In addition, he also previously served as a Hong Kong SFC Responsible Officer as well as a Hong Kong Monetary Authority Executive Officer. Mr. Ng has a Bachelor of Medicine Degree from the University of Nottingham Medical School, United Kingdom. 128 Table of Contents Francis Ng, or Francis Chi Yin Ng, our President and Chief Financial Officer, has over 13 years of fixed income and real estate investment experience globally, and has invested over $500 million across different types of capital structure transactions including structured financing, mezzanine debt and distressed assets. Mr. Ng is currently the Managing Director and Chief Investment Officer at Pacific Aegis Capital Management (HK) Limited, a Hong Kong based investment firm that specializes in real estate private credit and private equity investments globally (collectively with its affiliates, ¬ďPacific Aegis Group¬Ē). Mr. Ng has been serving as a director in the Pacific Aegis Group since 2018. Prior to his role in the Pacific Aegis Group, Mr. Ng served as the Vice President of Tianli Financial Holdings from 2017 to 2018 where he was responsible for co-managing the company¬ís $400 million Global Private Debt Fund. Prior to his role at Tianli Financial Holdings, he was the Vice President at SBI Hong Kong Holdings Co., Limited, a Hong Kong subsidiary of SBI Group (known as Softbank Investment Corporation until 2006) from 2014 to 2016. Before joining SBI Group, Mr. Ng held various roles at J.P. Morgan Asset Management from 2011 to 2012 and UBS AG from 2008 to 2011. Mr. Ng holds a Bachelor of Business Administration in Airport Management and Bachelor of Science in Aeronautics from the University of North Dakota. He also holds a Master of Business Administration from the Hong Kong University of Science and Technology. He is a Certified Management Accountant, a Fellow of the Institute of Financial Accountants, and a Fellow of the Institute of Public Accountants. Our management team will be further supported by our Independent directors Russell Galbut, Robert Moore, Patsy Chan and Sammy Hsieh, as well as our advisory committee members Betty Liu and Richard Taylor. Russell Galbut, or Russell William Galbut will serve as our independent director following the completion of this offering. Mr. Galbut currently serves as the Chairman of the board of directors of Norwegian Cruise Line Holdings, a leading cruise line operator listed on the New York Stock Exchange, for which he has served as an independent director since November 2015. Mr. Galbut is the Co-Founder and Managing Principal of Crescent Heights, a leading urban real estate firm, specializing in the development, ownership, and operation of architecturally distinctive, mixed-use high-rises in major cities across the United States. Prior to founding Crescent Heights in 1989, he served as a senior real estate consultant at Laventhal and Horwath for two years. Mr. Galbut also serves on the Dean¬ís Advisory Board for the Cornell University School of Hotel Administration. Robert Moore, or Robert Steven Moore will serve as our independent director following the completion of this offering. Mr. Moore is the Co-Founder and Managing Partner of P1 Esports LLC, an e-sports organization which scouts and develops elite talent to compete in world-class tournaments under the Sentinel team brand. Prior to co-founding P1 Esports LLC in 2017, he served as Vice Chairman of Paramount Pictures from 2005 to 2016. Prior to joining Paramount Pictures, he was a founding partner at Revolution Studios, an independent production company, which he co-founded in 2000. Prior to Revolution Studios, Mr. Moore spent 13 years at Walt Disney Studios beginning in 1987, where he last served as Executive Vice President and Chief Financial Officer. Mr. Moore holds a Bachelor¬ís degree, Magna Cum Laude, in Accounting from Pepperdine University. Patsy Chan, or Po Yi Patsy Chan will serve as our independent director following the completion of this offering. Ms. Chan is the Chief Operating Officer of Richemont Luxury (Singapore), where she is responsible for overseeing the Southeast Asia and Oceania operations of Richemont Luxury Group, a leading luxury goods company which owns brands such as Cartier, Piaget and Montblanc. Prior to her 24 year tenure at Richemont Luxury Group, Ms. Chan served as the financial controller at Marsh & McLennan, a global professional services firm. Ms. Chan has been a Certified Practising Accountant of CPA Australia since 1992. Ms. Chan holds a Bachelor Degree of Commerce in Accounting from the University of New South Wales and has completed the Luxury Brand Management Executive Program at ESSEC Business School. Sammy Hsieh, or Wing Hong Sammy Hsieh will serve as our independent director following the completion of this offering. Mr. Hsieh is the Founder and Chairman for iClick Interactive Asia Group Limited, a leading independent online marketing and enterprise data solutions provider in China listed on the NASDAQ. Prior to founding iClick Interactive Limited in 2009, he served as the General Manager of the Asia Pacific region 129 Table of Contents for Efficient Frontier, a firm which was acquired by Adobe Systems in 2011, from 2008 to 2009. Prior to his role at Efficient Frontier, he was a Director of Search Marketing for Yahoo Hong Kong from 2000 to 2008, where he led and managed the company¬ís business operations including sales, marketing, business development and product management. Mr. Hsieh holds a Bachelor¬ís degree in Economics from the University of California, Los Angeles. Number and Terms of Office of Officers and Directors Upon the effectiveness of the registration statement of which this prospectus forms a part, we expect our board of directors will consist of seven members elected as a single class with concurrent terms of two years. In accordance with NYSE corporate governance requirements, we are not required to hold an annual general meeting until one year after our first fiscal year end following our listing on NYSE. Our officers are appointed by the board of directors and serve at the discretion of the board of directors, rather than for specific terms of office. Our board of directors is authorized to appoint officers as it deems appropriate pursuant to our amended and restated memorandum and articles of association. Director Independence The rules of the NYSE require that a majority of our board of directors be independent within one year of our initial public offering. An ¬ďindependent director¬Ē is defined generally as a person other than an officer or employee of the company or its subsidiaries or any other individual having a relationship which in the opinion of the company¬ís board of directors, would interfere with the director¬ís exercise of independent judgment in carrying out the responsibilities of a director. Upon the effectiveness of the registration statement of which this prospectus forms a part, we expect to have four ¬ďindependent directors¬Ē as defined in the NYSE rules and applicable SEC rules prior to completion of this offering. Our board of directors has determined that each of Russell Galbut, Robert Moore, Patsy Chan and Sammy Hsieh is an ¬ďindependent director¬Ē as defined in the NYSE listing standards and applicable SEC rules. Our independent directors will have regularly scheduled meetings at which only independent directors are present. Officer and Director Compensation None of our officers or directors have received any cash compensation for services rendered to us. Commencing on the date that our securities are first listed on NYSE through the earlier of consummation of our initial business combination and our liquidation, we will pay our sponsor or an affiliate of up to $10,000 per month for office space, utilities, secretarial and administrative support services provided to members of our management team. In addition, our sponsor, officers and directors, or any of their respective affiliates will be reimbursed for any out-of-pocket expenses incurred in connection with activities on our behalf such as identifying potential target businesses and performing due diligence on suitable business combinations. Our audit committee will review on a quarterly basis all payments that were made to our sponsor, officers or directors, or our or their affiliates. Any such payments prior to an initial business combination will be made from funds held outside the trust account. Other than quarterly audit committee review of such reimbursements, we do not expect to have any additional controls in place governing our reimbursement payments to our directors and officers for their out-of-pocket expenses incurred in connection with our activities on our behalf in connection with identifying and consummating an initial business combination. Other than these payments and reimbursements, no compensation of any kind, including finder¬ís and consulting fees, will be paid by the company to our sponsor, officers and directors, or any of their respective affiliates, prior to completion of our initial business combination. After the completion of our initial business combination, directors or members of our management team who remain with us may be paid consulting or management fees from the combined company. All of these fees 130 Table of Contents will be fully disclosed to shareholders, to the extent then known, in the proxy solicitation materials or tender offer materials furnished to our shareholders in connection with a proposed initial business combination. We have not established any limit on the amount of such fees that may be paid by the combined company to our directors or members of management. It is unlikely the amount of such compensation will be known at the time of the proposed initial business combination, because the directors of the post-combination business will be responsible for determining officer and director compensation. Any compensation to be paid to our officers will be determined, or recommended to the board of directors for determination, either by a compensation committee constituted solely by independent directors or by a majority of the independent directors on our board of directors. We do not intend to take any action to ensure that members of our management team maintain their positions with us after the consummation of our initial business combination, although it is possible that some or all of our officers and directors may negotiate employment or consulting arrangements to remain with us after our initial business combination. The existence or terms of any such employment or consulting arrangements to retain their positions with us may influence our management¬ís motivation in identifying or selecting a target business but we do not believe that the ability of our management to remain with us after the consummation of our initial business combination will be a determining factor in our decision to proceed with any potential business combination. We are not party to any agreements with our officers and directors that provide for benefits upon termination of employment. Committees of the Board of Directors Upon the effective date of the registration statement of which this prospectus forms a part, our board of directors will have three standing committees: an audit committee, a compensation committee and a nominating and corporate governance committee. Both our audit committee and our compensation committee will be composed solely of independent directors. Each committee will operate under a charter that will be approved by our board and will have the composition and responsibilities described below. The charter of each committee will be available on our website following the closing of this offering. Audit Committee Upon the effectiveness of the registration statement of which this prospectus forms a part, we will establish an audit committee of the board of directors. Patsy Chan, Robert Moore and Sammy Hsieh will serve as members of our audit committee, and Patsy Chan will chair the audit committee. Under the NYSE listing standards and applicable SEC rules, all the directors on the audit committee must be independent. Each member of the audit committee is financially literate and our board of directors has determined that Patsy Chan qualifies as an ¬ďaudit committee financial expert¬Ē as defined in applicable SEC rules and has accounting or related financial management expertise. We will adopt an audit committee charter, which will detail the principal functions of the audit committee, including: ¬ē assisting board oversight of (1) the integrity of our financial statements, (2) our compliance with legal and regulatory requirements, (3) our independent auditor¬ís qualifications and independence, and (4) the performance of our internal audit function and independent auditors; the appointment, compensation, retention, replacement, and oversight of the work of the independent auditors and any other independent registered public accounting firm engaged by us; ¬ē pre-approving all audit and non-audit services to be provided by the independent auditors or any other registered public accounting firm engaged by us, and establishing pre-approval policies and procedures; reviewing and discussing with the independent auditors all relationships the auditors have with us in order to evaluate their continued independence; 131 Table of Contents ¬ē setting clear policies for audit partner rotation in compliance with applicable laws and regulations; obtaining and reviewing a report, at least annually, from the independent auditors describing (1) the independent auditor¬ís internal quality-control procedures and (2) any material issues raised by the most recent internal quality-control review, or peer review, of the audit firm, or by any inquiry or investigation by governmental or professional authorities, within the preceding five years respecting one or more independent audits carried out by the firm and any steps taken to deal with such issues; ¬ē meeting to review and discuss our annual audited financial statements and quarterly financial statements with management and the independent auditor, including reviewing our specific disclosures under ¬ďManagement¬ís Discussion and Analysis of Financial Condition and Results of Operations¬Ē; reviewing and approving any related party transaction required to be disclosed pursuant to Item 404 of Regulation S-K promulgated by the SEC prior to us entering into such transaction; and ¬ē reviewing with management, the independent auditors, and our legal advisors, as appropriate, any legal, regulatory or compliance matters, including any correspondence with regulators or government agencies and any employee complaints or published reports that raise material issues regarding our financial statements or accounting policies and any significant changes in accounting standards or rules promulgated by the Financial Accounting Standards Board, the SEC or other regulatory authorities. Compensation Committee Upon the effectiveness of the registration statement of which this prospectus forms a part, we will establish a compensation committee of the board of directors. Patsy Chan, Robert Moore and Sammy Hsieh will serve as members of our compensation committee. Patsy Chan will chair the compensation committee. Under the NYSE listing standards, all the directors on the compensation committee must be independent. We will adopt a compensation committee charter, which will detail the principal functions of the compensation committee, including: ¬ē reviewing and approving on an annual basis the corporate goals and objectives relevant to our chief executive officer¬ís compensation, evaluating our chief executive officer¬ís performance in light of such goals and objectives and determining and approving the remuneration (if any) of our chief executive officer¬ís based on such evaluation; ¬ē reviewing and making recommendations to our board of directors with respect to the compensation, and any incentive compensation and equity based plans that are subject to board approval of all of our other officers; ¬ē reviewing our execut

Holder Stats

1 0
% of Shares Held by All Insider 0.00%
% of Shares Held by Institutions 4.31%
% of Float Held by Institutions 4.31%
Number of Institutions Holding Shares 1

Institutional Holders

Reporting Date Hedge Fund Shares Held Market Value % of Portfolio Quarterly Change in Shares Ownership in Company
2021-11-16 Strategic Vision Investment Ltd 99,900 $990,000 1.7% 0 0.471%
2021-11-15 Berkley W R Corp 109,790 $1,060,000 0.1% 0 0.518%
2021-11-15 Marshall Wace LLP 250,113 $2,420,000 0.0% 0 1.179%
2021-11-12 Credit Suisse AG 67,589 $650,000 0.0% 0 0.319%
2021-11-10 Goldman Sachs Group Inc. 153,100 $1,480,000 0.0% 0 0.722%

SEC Filings

Form Type Form Description Filing Date Document Link
8-K 8-K 2021-11-17 https://www.sec.gov/Archives/edgar/data/1851908/000119312521332400/d416517d8k.htm
10-Q FORM 10-Q 2021-11-16 https://www.sec.gov/Archives/edgar/data/1851908/000119312521330786/d285368d10q.htm
NT 10-Q FORM NT 10-Q 2021-11-15 https://www.sec.gov/Archives/edgar/data/1851908/000119312521329812/d256780dnt10q.htm
SC 13G 2021-09-20 https://www.sec.gov/Archives/edgar/data/1851908/000101143821000219/form_sc13g-black.htm
8-K FORM 8-K 2021-09-07 https://www.sec.gov/Archives/edgar/data/1851908/000119312521265951/d203628d8k.htm
10-Q FORM 10-Q 2021-08-24 https://www.sec.gov/Archives/edgar/data/1851908/000119312521255062/d125712d10q.htm
8-K FORM 8-K 2021-08-09 https://www.sec.gov/Archives/edgar/data/1851908/000119312521240008/d213616d8k.htm
SC 13G SCHEDULE 13G 2021-07-28 https://www.sec.gov/Archives/edgar/data/1851908/000121390021039036/ea144887-13grpinv_blackspade.htm
8-K FORM 8-K 2021-07-27 https://www.sec.gov/Archives/edgar/data/1851908/000119312521224937/d123832d8k.htm
8-K FORM 8-K 2021-07-20 https://www.sec.gov/Archives/edgar/data/1851908/000119312521219709/d202751d8k.htm
424B4 424(B)(4) 2021-07-16 https://www.sec.gov/Archives/edgar/data/1851908/000119312521217273/d145833d424b4.htm
EFFECT 2021-07-15 https://www.sec.gov/Archives/edgar/data/1851908/999999999521002793/xslEFFECTX01/primary_doc.xml
CERT NYSE CERTIFICATION 2021-07-15 https://www.sec.gov/Archives/edgar/data/1851908/000087666121001053/BSAQ071521.pdf
CERT NYSE ARCA CERTIFICATION 2021-07-15 https://www.sec.gov/Archives/edgar/data/1851908/000087666121001052/BSAQ071521.pdf
3 FORM 3 SUBMISSION 2021-07-15 https://www.sec.gov/Archives/edgar/data/1851908/000089924321028470/xslF345X02/doc3.xml
3 FORM 3 SUBMISSION 2021-07-15 https://www.sec.gov/Archives/edgar/data/1851908/000089924321028469/xslF345X02/doc3.xml
3 FORM 3 SUBMISSION 2021-07-15 https://www.sec.gov/Archives/edgar/data/1851908/000089924321028466/xslF345X02/doc3.xml
3 FORM 3 SUBMISSION 2021-07-15 https://www.sec.gov/Archives/edgar/data/1851908/000089924321028464/xslF345X02/doc3.xml
3 FORM 3 SUBMISSION 2021-07-15 https://www.sec.gov/Archives/edgar/data/1851908/000089924321028463/xslF345X02/doc3.xml
3 FORM 3 SUBMISSION 2021-07-15 https://www.sec.gov/Archives/edgar/data/1851908/000089924321028460/xslF345X02/doc3.xml
3 FORM 3 SUBMISSION 2021-07-15 https://www.sec.gov/Archives/edgar/data/1851908/000089924321028459/xslF345X02/doc3.xml
3 FORM 3 SUBMISSION 2021-07-15 https://www.sec.gov/Archives/edgar/data/1851908/000089924321028456/xslF345X02/doc3.xml
8-A12B FORM 8-A12B 2021-07-15 https://www.sec.gov/Archives/edgar/data/1851908/000119312521215753/d189315d8a12b.htm
CORRESP 2021-07-14 https://www.sec.gov/Archives/edgar/data/1851908/000119312521215059/filename1.htm
CORRESP 2021-07-14 https://www.sec.gov/Archives/edgar/data/1851908/000119312521215056/filename1.htm
CORRESP 2021-07-12 https://www.sec.gov/Archives/edgar/data/1851908/000119312521213074/filename1.htm
CORRESP 2021-07-12 https://www.sec.gov/Archives/edgar/data/1851908/000119312521213061/filename1.htm
CORRESP 2021-07-12 https://www.sec.gov/Archives/edgar/data/1851908/000119312521213041/filename1.htm
S-1/A AMENDMENT NO.1 TO FORM S-1 2021-07-12 https://www.sec.gov/Archives/edgar/data/1851908/000119312521213035/d145833ds1a.htm
UPLOAD 2021-07-12 https://www.sec.gov/Archives/edgar/data/1851908/000000000021008553/filename1.pdf
S-1 FORM S-1 2021-06-29 https://www.sec.gov/Archives/edgar/data/1851908/000119312521203371/d145833ds1.htm
DRS/A 2021-05-20 https://www.sec.gov/Archives/edgar/data/1851908/000095012321007186/filename1.htm
DRS 2021-03-23 https://www.sec.gov/Archives/edgar/data/1851908/000095012321003747/filename1.htm