TGE, Subsidiary of AMTD Digital, Announces Successful Pricing of First SPAC Listing

Core Viewpoint - TGE Value Creative Solutions Corp, sponsored by The Generation Essentials Group, has successfully listed on the NYSE, marking a significant step in TGE's strategy to expand through SPACs [1][5]. Group 1: Listing Details - TGE Value Creative Solutions priced its IPO at $10.00 per unit, consisting of one Class A ordinary share and one-half of a redeemable warrant, with the warrants allowing purchase of shares at $11.50 each [2]. - The listing has been well-received, with the order book oversubscribed by reputable investors [3]. Group 2: Strategic Focus - TGE Value Creative Solutions aims to pursue acquisitions primarily in sectors such as media, digital media, entertainment, high fashion, lifestyle, culture, and gaming, aligning with TGE's core business [4]. - TGE's broader strategy includes sponsoring multiple SPACs to facilitate business combinations that enhance growth and shareholder value [5]. Group 3: Company Background - AMTD Group operates across various sectors, including media and entertainment, education and training, and hospitality [7]. - AMTD IDEA Group serves as a diversified institution connecting companies and investors globally, providing comprehensive business services and digital solutions [8]. - AMTD Digital Inc. focuses on digital solutions, including media, content, marketing services, and hospitality [9]. - The Generation Essentials Group is a diversified portfolio in media and entertainment, with a focus on global strategies in multimedia and cultural affairs [11].