Company: TGE
Filing Date: 2025-02-19
Form Type: DRS
Source: 0001213900-25-015012
Chunk: 101

Company: Generation Essentials Group
Filing Date: 2025-02-19
Form: DRS
Chunk 101
---
ade II Shareholders — Redemption Rights” for a detailed description of the procedures to be followed if you wish to convert your shares into cash. 50 The Business Combination will not be consummated if Black Spade II (as the surviving company of the Business Combination) will have net tangible assets of less than $5,000,001 after taking into account holders that have properly demanded redemption of their Public Shares, upon the consummation of the Business Combination, and cash and the proceeds of any private placement. Comparison of Rights of Shareholders of Black Spade and Shareholders of aWME If the Business Combination is successfully completed, holders of BSII Ordinary Shares will become holders of aWME Class A Ordinary Shares and their rights as shareholders will be governed by aWME’s organizational documents. Please see “ Comparison of Corporate Governance and Shareholder Rights.” Emerging Growth Company Each of World Media and Entertainment Universal Inc. and Black Spade II is, and consequently, following the Business Combination, the combined company will be, an “emerging growth company,” as defined in Section 2(a) of the Securities Act, as modified by the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”). As such, the combined company will be eligible to take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not “emerging growth companies” including, but not limited to, not being required to comply with the auditor attestation requirements of Section 404 of the Sarbanes -OxleyAct of 2002 (the “Sarbanes -OxleyAct”), reduced disclosure obligations regarding executive compensation in their periodic reports and proxy statements, and exemptions from the requirements of holding a non -bindingadvisory vote on executive compensation and shareholder approval of any golden parachute payments not previously approved. If some investors find the combined company’s securities less attractive as a result, there may be a less active trading market for the combined company’s securities and the prices of the combined company’s securities may be more volatile. The JOBS Act also provides that an emerging growth company does not need to comply with any new or revised financial accounting standards until such date that a private company is otherwise required to comply with such new or revised accounting standards. Pursuant to the JOBS Act, the combined company has elected to take advantage of the benefits of this extended transition period for complying with new or revised accounting standards as required when they are adopted for public companies. As a result, the combined company