Company: TGE
Filing Date: 2025-02-19
Form Type: DRS
Source: 0001213900-25-015012
Chunk: 241

Company: Generation Essentials Group
Filing Date: 2025-02-19
Form: DRS
Chunk 241
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 retain an aggregate of approximately 81.0% of aWME’s Ordinary Shares. The AMTD Entities would collectively hold 78.4% of voting interests in aWME’s Ordinary Shares. •under the maximum redemption scenario, Black Spade II Public Shareholders would own an ownership interest of approximately 0.9% of aWME’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 approximately 7.2% of aWME Ordinary Shares and aWME Shareholders will retain an aggregate of approximately 91.9% of aWME’s Ordinary Shares. The AMTD Entities would collectively hold 89.0% of voting interests in aWME’s Ordinary Shares. Merger Consideration Pursuant to the Business Combination Agreement, among other things, prior to the effective time of the Merger (the “Merger Effective Time”), aWME will re -designate: •Each ordinary share of aWME (other than non -votingordinary shares) that is not held by AMTD Digital Inc. (“AMTD Digital”) into one Class A ordinary share of aWME (“aWME Class A Ordinary Share”); 145 •Each ordinary share of aWME (other than non -votingordinary shares) that is held by AMTD Digital into one Class B ordinary share of aWME (“aWME Class B Ordinary Share”); and •Each non -votingordinary share of aWME into one non -votingpreferred share of aWME (“aWME Preferred Share”). Pursuant to the Business Combination Agreement, immediately after the completion of the re -designationof shares and immediately prior to the Merger Effective Time, aWME will effect a share consolidation or subdivision such that: •Each aWME Class A Ordinary Share will be consolidated or divided into a number of aWME Class A Ordinary Shares equal to the Adjustment Factor (as defined below); •Each aWME Class B Ordinary Share will be consolidated or divided into a number of aWME Class B Ordinary Shares equal to the Adjustment Factor; and •Each aWME Preferred Share will be consolidated or divided into a number of aWME Preferred Shares equal to the Adjustment Factor (as defined below) (such actions, collectively, the “Recapitalization”). The “Adjustment Factor” will be the number resulting from dividing the Per Share aW