Company: TGE
Filing Date: 2025-02-19
Form Type: DRS
Source: 0001213900-25-015012
Chunk: 693

Company: Generation Essentials Group
Filing Date: 2025-02-19
Form: DRS
Chunk 693
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 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 aWME Equity Value by $10.00. The “Per Share aWME Equity Value” will be obtained by dividing (a) the equity value of aWME (being $488,000,000) by (b) the aggregate number of ordinary shares of aWME issued and outstanding immediately prior to the Recapitalization. At the Merger Effective Time and as a result of the Merger: •Each Class B ordinary share of Black Spade II, par value $0.0001 per share (“BSII Class B Ordinary Shares”) that is issued and outstanding immediately prior to the Merger Effective Time will be automatically cancelled in exchange for the right to receive one aWME Class A Ordinary Share; •Each Class A ordinary share of Black Spade II, par value $0.0001 per share (“BSII Class A Ordinary Share”) that is issued and outstanding immediately prior to the Merger Effective Time (other than such BSII Class A Ordinary Shares that are treasury shares, validly redeemed shares or BSII Dissenting Shares (as defined below)) will be cancelled in exchange for the right to receive one aWME Class A Ordinary Share; •Each BSII Class A Ordinary Share that is held as a treasury share will be cancelled and cease to exist; •Each issued and outstanding BSII Class A Ordinary Share that is validly redeemed will be cancelled in exchange for the right to be paid a pro rata share of the aggregate amount payable with respect to the exercise of the redemption rights of Black Spade II Shareholders; •Each issued and outstanding BSII Class A Ordinary Share that is held by any person who has validly exercised and not effectively withdrawn or lost their right to dissent from the Merger in accordance with Section 238 of the Companies Act (As Revised) of the Cayman Islands (“BSII Dissenting Share”) will be cancelled and carry no right other than the right to receive the payment of the fair value of such BSII Diss