Company: TGE
Filing Date: 2025-05-06
Form Type: F-4/A
Source: 0001213900-25-040058
Chunk: 301

Company: Generation Essentials Group
Filing Date: 2025-05-06
Form: F-4/A
Chunk 301
---
 for TGE Class A Ordinary Shares (“TGE Warrants”). The Business Combination has been approved by the boards of directors of both Black Spade II and TGE. Results of Operations We have neither engaged in any operations nor generated any revenues to date. Our only activities from May 9, 2024 (inception) through December 31, 2024 were organizational activities, those necessary to prepare for our Initial Public Offering, and identifying a target company for our initial business combination. We do not expect to generate any operating revenues until after the completion of our initial business combination. We generate non -operatingincome in the form of interest income on marketable securities held in the Trust Account. We are incurring expenses as a result of being a public company (for legal, financial reporting, accounting and auditing compliance), as well as for due diligence expenses. For the period from May 9, 2024 (inception) through December 31, 2024, we had net loss from operations of $1,485,361, which consisted of general and administrative expenses. Liquidity and Capital Resources Until the consummation of our Initial Public Offering, our only source of liquidity was an initial purchase of our BSII Class B Ordinary Shares by the Sponsor and loans from the Sponsor. On August 29, 2024, we consummated our Initial Public Offering of 15,000,000 Units at $10.00 per Unit, generating gross proceeds of $150,000,000. Simultaneously with the closing of our Initial Public Offering, we consummated the sale of an aggregate of 11,000,000 Private Placement Warrants at a price of $0.50 per Private Placement Warrant, in a private placement to the Sponsor, generating gross proceeds of $5,500,000. In connection with our Initial Public Offering, the underwriters were granted a 45 -dayoption from the date of our Initial Public Offering to purchase up to 2,250,000 additional Units to cover over -allotments, if any, at our Initial Public Offering price less the underwriting discounts and commissions. On September 26, 2024, the underwriters purchased an additional 300,000 Units pursuant to the partial exercise of the overallotment option. The Units were sold at an offering price of $10.00 per Unit, generating additional gross proceeds to the Company of $3,000,000. 179 In connection with the partial exercise of the over -allot