Black Spade Acquisition II Co 10-K Cybersecurity GRC - 2025-03-10

Page last updated on March 10, 2025

Black Spade Acquisition II Co reported their cybersecurity risk management and governance process in a yearly 10-K filed on 2025-03-10 16:06:58 EDT.

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10-K filed on 2025-03-10

Black Spade Acquisition II Co filed a 10-K at 2025-03-10 16:06:58 EDT
Accession Number: 0001410578-25-000305

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Item 1C. Cybersecurity.

Item 1C. Cybersecurity, to file certain exhibits and to make certain conforming disclosure updates in Item 10. Pursuant to Rule 12b-15 promulgated under the Securities Exchange Act of 1934, as amended, this Amendment No. 1 contains new certifications by the Company’s principal executive officer and principal financial officer as Exhibits 31.1, 31.2, 32.1 and 32.2. For the convenience of the reader, this Amendment No. 1 sets forth the Original Report in its entirety, as amended to reflect the inclusions described above. 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2024-08-29 2024-08-29 0002025065 us-gaap:OverAllotmentOptionMember 2024-09-26 2024-09-26 0002025065 2024-05-09 2024-12-31 0002025065 2024-08-29 0002025065 2024-12-31 iso4217:USD iso4217:USD xbrli:shares xbrli:pure bsii:D xbrli:shares bsii:Vote bsii:item bsii:Y bsii:segment Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K/A (Amendment No. 1) (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31 , 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File Number 001-42258 BLACK SPADE ACQUISITION II CO (Exact Name of Registrant as Specified in Its Charter) Cayman Islands N/A (State or Other Jurisdiction of Incorporation or Organization) (I.R.S. Employer Identification No.) Suite 2902 , 29/F, The Centrium 60 Wyndham Street , Central Hong Kong N/A (Address of Principal Executive Offices) Zip Code Registrant’s telephone number, including area code: + 852 3955 1316 Securities registered pursuant to Section 12(b) of the Act: Trading Name of Each Exchange Title of Each Class Symbol(s) on Which Registered Units, each consisting of one Class A ordinary share and one-third of one redeemable warrant BSIIU The Nasdaq Stock Market LLC Class A ordinary shares, $0.0001 par value per share BSII The Nasdaq Stock Market LLC Redeemable warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50 BSIIW The Nasdaq Stock Market LLC Securities registered pursuant to Section 12(g) of the Act: Indicate by check mark if the Registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☐ No ☒ Indicate by check mark if the Registrant is not required to file reports pursuant to Section 13 or 15(d) of the Act. Yes ☐ No ☒ Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days Yes ☒ No ☐ Indicate by check mark whether the Registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the Registrant was required to submit such files). Yes ☒ No ☐ Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filer ☐ Accelerated filer ☐ Non-accelerated filer ☒ Smaller reporting company ☒ Emerging growth company ☒ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report. ☐ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements. ☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b). ☐ Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes ☒ No ☐ The registrant’s securities were not listed on any exchange and had no value as of the last business day of the second fiscal quarter of 2024. The registrant’s units, Class A ordinary shares and warrants began trading on the Nasdaq Stock Market LLC on August 28, 2024. Accordingly, there was no market value for the registrant’s common equity as of the last business day of the second fiscal quarter of 2024. The aggregate market value of the Class A ordinary share outstanding, other than shares held by persons who may be deemed affiliates of the registrant, computed by reference to the closing price for the Class A ordinary share on December 31, 2024, as reported on the Nasdaq Stock Market LLC, was $ 151,929,000 . As of February 28, 2025, 15,300,000 Class A ordinary shares and 3,825,000 Class B ordinary shares were outstanding, respectively. DOCUMENTS INCORPORATED BY REFERENCE None . Table of Contents BLACK SPADE ACQUISITION II CO ANNUAL REPORT ON FORM 10-K TABLE OF CONTENTS Page CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS iv PART I 1 Item 1. Business 1 Item 1A. Risk Factors 16 Item 1B. Unresolved Staff Comments 71 Item 1C. Cybersecurity 71
Item 1C. Cybersecurity We are a blank check company with no business operations. Since our initial public offering, our sole business activity has been identifying and evaluating suitable target businesses for a business combination. Therefore, we do not consider that we face significant cybersecurity risk. Nevertheless, we have taken steps designed to identify , protect, detect and respond to and manage reasonably foreseeable cybersecurity risks and threats given our limited operations, including internal reporting, monitoring and detection protocols and anti-virus software. We monitor our information systems for potential vulnerabilities, including those that could arise from internal sources and external sources such as third-party service providers we do business with. To date, we have not experienced any cybersecurity attacks . However, any such attack could adversely affect our business. Further, a penetration of our systems or a third-party’s systems or other misappropriation or misuse of personal information could subject us to business, regulatory, litigation and reputation risk, which could have a negative effect on our business, financial condition and results of operations. Our audit committee oversees our cybersecurity risk. We may in the future engage an assessor(s), consultant(s), auditor(s) or other third party(s) to supplement our existing cybersecurity processes.

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