Company: TGE
Filing Date: 2025-05-06
Form Type: F-4/A
Source: 0001213900-25-040058
Chunk: 52

Company: Generation Essentials Group
Filing Date: 2025-05-06
Form: F-4/A
Chunk 52
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, BSII Shares would be required to achieve a quorum. Q:How do the insiders of Black Spade II intend to vote on the proposals? A:Black Spade II’s Initial Shareholders beneficially own and are entitled to vote an aggregate of approximately 20% of the currently outstanding BSII Shares. These parties have agreed to vote their shares in favor of the Business Combination Proposal. Black Spade II’s Initial Shareholders have also indicated that they intend to vote their shares in favor of all other proposals being presented at the Meeting. 19 Q:What interests do Black Spade II’s current officers and directors and the Sponsor have in the Business Combination? A:In considering the recommendation of the Black Spade II Board to vote in favor of approval of the Business Combination Proposal and the Merger Proposal, shareholders should keep in mind that the Sponsor and Black Spade II’s directors and executive officers have interests in such proposals that are different from, or in addition to, those of Black Spade II Shareholders generally. In particular: •If the Business Combination or another business combination is not consummated by November29, 2026 (or a later date approved by Black Spade II Shareholders pursuant to the Black Spade II Articles), Black Spade II will (i) cease all operations, except for the purpose of winding up, (ii) redeem 100% of the outstanding Public Shares for cash and, (iii) subject to the approval of its remaining shareholders and the Black Spade II Board, dissolve and liquidate. On the other hand, if the Business Combination is consummated, each outstanding Eligible BSII Share will be converted into one TGE ordinary share, subject to adjustment described herein. •If Black Spade II is unable to complete a business combination within the required time period, the Sponsor will be liable to ensure that the proceeds in the Trust Account are not reduced by the claims of target businesses or claims of vendors or other entities that are owed money by Black Spade II for services rendered or contracted for or for products sold to Black Spade II, but only if such a vendor or target business has not executed a waiver. If Black Spade II consummates a business combination, on the other hand, Black Spade II will be liable for all such claims. •the Sponsor, the Sponsor Related Parties and certain of the Sponsor’s and its affiliates’ directors, officers and employees own an aggregate of 3,825,000 BSII Class B Ordinary Shares and 11,120