Company: TGE
Filing Date: 2025-04-25
Form Type: F-4/A
Source: 0001213900-25-035536
Chunk: 194

Company: Generation Essentials Group
Filing Date: 2025-04-25
Form: F-4/A
Chunk 194
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 by a U.S. government entity, such as the Committee on Foreign Investment in the United States (“CFIUS”), and ultimately prohibited. The Sponsor is a Cayman Islands limited liability company and is likely to be considered a “foreign person” under the regulations administered by CFIUS. As such, an initial business combination with TGE may be subject to CFIUS jurisdiction, the scope of which includes controlling investments (within the meaning of “control” under the CFIUS regulations) as well as certain non -passive, non -controllinginvestments in sensitive U.S. businesses meeting certain criteria. The parties have determined that TGE is not a TID U.S. business, as that term is defined in 31 C.F.R. § 800.248, and as a result, it is not mandatory to submit a CFIUS filing with respect to the Business Combination. The parties may determine to submit a voluntary filing to CFIUS, or to proceed with the initial business combination without notifying CFIUS and risk CFIUS intervention, before or after closing the Business Combination. CFIUS may decide to delay the Business Combination, impose conditions to mitigate national security concerns with respect to the Business Combination or recommend that the U.S. president block the initial business combination or order Black Spade II to divest all or a portion of TGE following the Closing. The risk of such actions 113 could limit the attractiveness of or prevent Black Spade II from consummating the Business Combination or limit the attractiveness of or prevent Black Spade II from pursuing alternative initial business combination opportunities that it believes would otherwise be beneficial to it and its shareholders. As a result, the pool of potential targets with which Black Spade II could complete an initial business combination may be limited and Black Spade II may be adversely affected in terms of competing with other special purpose acquisition companies which do not have foreign person status. Moreover, the process of government review, whether by the CFIUS or otherwise, could be lengthy and Black Spade II has limited time to complete its initial business combination. If Black Spade II cannot complete its initial business combination within the Completion Window, or such later date that may be approved by Black Spade II’s shareholders, because the review process extends beyond such timeframe or because the Business Combination is ultimately prohibited by CFIUS or another U.S. government entity, Black Spade II may be required to liquidate. If Black Spade II liquidates, Black Spade II Public Shareholders may only receive