Company: TGE
Filing Date: 2025-04-11
Form Type: F-4
Source: 0001213900-25-031177
Chunk: 280

Company: Generation Essentials Group
Filing Date: 2025-04-11
Form: F-4
Chunk 280
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 Ordinary Share at a price of $11.50 per share, subject to certain adjustments. 167 In connection with our Initial Public Offering, the underwriters were granted a 45 -dayover -allotmentoption to purchase up to 2,250,000 additional option units to cover over -allotments, if any. On September 26, 2024, the underwriters purchased an additional 300,000 Units pursuant to the partial exercise of the over -allotmentoption. The underwriters have forfeited the remaining option to purchase the 1,950,000 Units. Substantially concurrently with the completion of our Initial Public Offering, the Sponsor purchased an aggregate of 11,000,000 Private Placement Warrants at a price of $0.50 per warrant, generating gross proceeds of $5,500,000 in the aggregate. In connection with the partial exercise of the over -allotmentoption, the Sponsor purchased an additional 120,000 Private Placement Warrants at a purchase price of $0.50 per warrant, generating additional gross proceeds of $60,000. The Private Placement Warrants are identical to the warrants sold in our Initial Public Offering except that the Private Placement Warrants, so long as they are held by the Sponsor or its permitted transferees, (i) are not redeemable by us, (ii) may not (including the BSII Class A Ordinary Shares issuable upon exercise of these warrants), subject to certain limited exceptions, be transferred, assigned or sold by the holders until 30 days after the completion of our initial business combination, (iii) may be exercised by the holders on a cashless basis and (iv) are entitled to registration rights. The private placement warrants may not, subject to certain limited exceptions, be transferred, assigned or sold by the holder. If the Private Placement Warrants are held by holders other than the Sponsor or its permitted transferees, the Private Placement Warrants will be redeemable by us and exercisable by the holders on the same basis as the Public Warrants included in the units being sold in our Initial Public Offering. If we do not complete our initial business combination within the Completion Window, the Private Placement Warrants will expire worthless. Prior to the consummation of our Initial Public Offering, on May 21, 2024, the Sponsor purchased 4,312,500 of the BSII Class B Ordinary Shares (the “Founder Shares”) in exchange for a capital contribution of $25,000 that was