Company: TGE
Filing Date: 2025-03-21
Form Type: DRS/A
Source: 0001013762-25-001106
Chunk: 74

Company: Generation Essentials Group
Filing Date: 2025-03-21
Form: DRS/A
Chunk 74
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eto (other than liability for any intentional and willful material breach of the Business Combination Agreement occurring prior to the termination of the Business Combination Agreement or any fraud claim by a party). Ownership of TGE After the Closing As of the date of this proxy statement/prospectus, there are 15,300,000 BSII Class A Ordinary Shares and 3,825,000 BSII Class B Ordinary Shares issued and outstanding. In addition, as of the date of this proxy statement/prospectus, there were 16,220,000 BSII Warrants issued and outstanding, which includes 11,120,000 Private Placement Warrants and 5,100,000 Public Warrants. Each warrant entitles the holder thereof to purchase one share of BSII Class A Ordinary Share and, following the Business Combination, will entitle the holder thereof to purchase one share of TGE Class A Ordinary Share. Under the “no redemptions” scenario, upon completion of the Business Combination, Black Spade II Public Shareholders would own an ownership interest of approximately 22.5% of TGE’s Ordinary Shares, BSII Founder Shareholders, which consists of the Sponsor, Black Spade II’s directors and officers and certain of the Sponsor’s affiliates and employees, would own approximately5.7% of TGE Ordinary Shares and TGE Shareholders will retain an aggregate of approximately 71.9% of TGE’s Ordinary Shares. The AMTD Entities would collectively hold 69.6% of voting interests in TGE’s Ordinary Shares. Under the 50% redemption scenario, upon completion of the Business Combination, Black Spade II Public Shareholders would own an ownership interest of approximately 12.7% of TGE’s Ordinary Shares, BSII Founder Shareholders, which consists of the Sponsor, Black Spade II’s directors and officers and certain of the Sponsor’s affiliates and employees, would own approximately6.3% of TGE Ordinary Shares and TGE Shareholders will retain an aggregate of approximately81.0% of TGE’s Ordinary Shares. The AMTD Entities would collectively hold 78.4% of voting interests in TGE’s Ordinary Shares. 35

Under the maximum redemption scenario, upon completion of the Business Combination, Black Spade II Public Shareholders would own an ownership interest of approximately 0.9% of TGE’s Ordinary Shares, BSII Founder Shareholders, which consists of the Sponsor, Black Spade II’s directors and officers and certain of the Sponsor’s affiliates and employees,