Company: TGE
Filing Date: 2025-05-06
Form Type: F-4/A
Source: 0001213900-25-040058
Chunk: 82

Company: Generation Essentials Group
Filing Date: 2025-05-06
Form: F-4/A
Chunk 82
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 Additional Dilution Source (but not the other Additional Dilution Sources) in both the numerator and denominator. For example, in the No Redemptions Scenario, the percentage of potential dilution to the Black Spade II Public Shareholders that would result from the issuance of the TGE Class A Ordinary Shares upon the exercise of TGE Warrants expected to be outstanding following the completion of the Business Combination is calculated as follows: (a) 16,220,000 TGE Class A Ordinary Shares; divided by (b) the sum of (i) 42,296,033 TGE Class A Ordinary Shares outstanding upon completion of the Business Combination under the No Redemptions Scenario before taking into account any Additional Dilution Source, and (ii) such 16,220,000 TGE Class A Ordinary Shares. (3)This row assumes the occurrence of one of the required earnout events stipulated in the Business Combination Agreement and described under “The Business Combination Agreement — Earnout”. In such case, the number of TGE Class A Ordinary Shares that will be issued would be equal to such number of TGE Class A Ordinary Shares which in aggregate represent 3% of the aggregate number of TGE Class A Ordinary Shares outstanding as of the date such event occurs. For illustrative purposes, this calculation assumes the issuance of 1,268,880, 1,154,130, 1,039,380, 924,630 and 824,589 TGE Class A Ordinary Shares, which is 3% of the total number of TGE Class A Ordinary Shares that would be outstanding following the completion of the Business Combination under the no redemption, 25% redemption, 50% redemption, 75% redemption and maximum redemption scenarios. (4)For illustrative purposes, assumes that TGE elects to issue the maximum of 10% of the aggregate number of TGE Class A Ordinary Shares following the completion of the Business Combination under the nor redemption, 50% redemption and maximum redemption scenarios, on a fully diluted, as converted and as -exercisedbasis to employees and other service providers of TGE and its subsidiaries. (5)Due to the calculation formula illustrated in note 2 above, the percentage of the total Additional Dilution Sources is not equal to the sum of the percentage of each Additional Dilution Source. For more information, please see the sections entitled “ Unaudited Pro Forma Condensed Combined Financial Information” and “ Beneficial Ownership of Securities — The Generation Essentials Group