TGE Value Creative Solutions opens at $9.95, IPO priced at $10 per unit

AMTD Group, AMTD IDEA Group (AMTD), AMTD Digital (HKD) and The Generation Essentials Group (TGE), a subsidiary of AMTD Digital Inc., announce jointly that TGE has successfully listed the first SPAC it sponsors, TGE Value Creative Solutions (BEBE)Corp, on the New York Stock Exchange. TGE Value Creative Solutions priced its initial public offering of 15M units at $10.00 per unit. Its units are listed on the NYSE under the ticker symbol “BEBE U.” Each unit consists of one Class A ordinary share and one-half of one redeemable warrant, each whole warrant entitling the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share, subject to certain adjustments. Once the securities constituting the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on NYSE under the symbols “BEBE” and “BEBE WS,” respectively. “TGE Value Creative Solutions may pursue an acquisition or a business combination with a target in any business or industry but is primarily focused on identifying and acquiring businesses within the media, digital media, entertainment, high fashion, lifestyle, culture, and gaming sectors, which are in line with TGE’s core business,” the companies stated.