Company: TGE
Filing Date: 2025-05-06
Form Type: F-4/A
Source: 0001213900-25-040058
Chunk: 413

Company: Generation Essentials Group
Filing Date: 2025-05-06
Form: F-4/A
Chunk 413
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 district courts of the United States of America are the sole and exclusive forum. Private Placement Warrants.The private placement BSII Warrants (including the BSII Public Shares issuable upon exercise of the private placement BSII Warrants) will not be transferable, assignable or saleable until 30 days after the completion of the initial business combination (except pursuant to limited exceptions to Black Spade II’s officers and directors and other persons or entities affiliated with the Sponsor) and they will not be redeemable by Black Spade II so long as they are held by the Sponsor, its members or their respective permitted transferees. The Sponsor, or its permitted transferees, has the option to exercise the private placement BSII Warrants 264 on a cashless basis. If the private placement BSII Warrants are held by holders other than the Sponsor or its permitted transferees, the private placement BSII Warrants will be redeemable by Black Spade II in all redemption scenarios and exercisable by the holders on the same basis as the BSII Warrants included in the Units. Except as described below, the private placement warrants have terms and provisions that are identical to those of the warrants being sold as part of the units in this offering. The private placement warrants will not be redeemable by us and may be exercisable on a cashless basis. If holders of the private placement BSII Warrants elect to exercise them on a cashless basis, they would pay the exercise price by surrendering his, her or its BSII Warrants for that number of BSII Public Shares equal to the quotient obtained by dividing (x) the product of the number of BSII Public Shares underlying the BSII Warrants, multiplied by the excess of the “Sponsor fair market value” (defined below) over the exercise price of the BSII Warrants by (y) the Sponsor fair market value. For these purposes, the “Sponsor fair market value” shall mean the volume -weightedaverage price of the BSII Public Shares for the 10 trading days ending on the 10 thtrading day prior to the date on which the notice of BSII Warrant exercise is sent to the BSII Warrant agent. The reason that Black Spade II agreed that these BSII Warrants will be exercisable on a cashless basis so long as they are held by the Sponsor and its permitted transferees is because it is not known at this time whether they will be affiliated with Black Spade II following a business combination. If they