Company: TGE
Filing Date: 2025-05-06
Form Type: F-4/A
Source: 0001213900-25-040058
Chunk: 179

Company: Generation Essentials Group
Filing Date: 2025-05-06
Form: F-4/A
Chunk 179
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 with respect to BSII Class B Ordinary Shares that may result from the issuance of TGE Ordinary Shares in connection with the Business Combination or any private placement or placements in relation to the Business Combination. •Simultaneously with the closing of Black Spade II’s IPO, the Sponsor purchased an aggregate of 11,000,000 Private Placement Warrants in a private placement of Black Spade II, generating gross proceeds to Black Spade of $5,500,000. Also in connection with the partial exercise of the over -allotmentoption, the Sponsor purchased an additional 120,000 Private Placement Warrants at a purchase price of $0.50 per Private Placement Warrant, generating additional gross proceeds to Black Spade II of $60,000. The Private Placement Warrants would become worthless if Black Spade II does not complete a business combination within the required time period. Such warrants have an aggregate market value of approximately $ , based on the closing price of the Public Warrants of $ , on Nasdaq on , 2025. •The Sponsor will benefit from the completion of a business combination and may be incentivized to complete an acquisition of a less favorable target company or on terms less favorable to shareholders rather than liquidate. •Certain of Black Spade II’s directors and officers also hold direct or indirect minority membership interests in the Sponsor. For details, see “Information About Black Spade II — Our Sponsor.” •Given the difference between the purchase price that the Sponsor paid for the Founder Shares and the price of the BSII Public Shares and considering that the Sponsor would receive a substantial amount of TGE ordinary shares in connection with the Proposed Transactions, the Sponsor and its affiliates can earn a positive rate of return on their investment, even if other shareholders experience a negative rate of return in the post -BusinessCombination company. •under the Business Combination Agreement, upon the Closing, the Sponsor will be entitled to receive a transaction bonus in the amount of $5,560,000. Such amount will be deducted from the Trust Account, to the extent there remain any funds in the Trust Account after application of the funds in the Trust Account to satisfy any Black Spade II Shareholder Redemptions, and any shortfall will be paid by TGE. •The current directors and officers of Black Spade II will continue to be indemnified by Black Spade II and will continue to be covered by the directors’ and officers’ liability insurance after the Business Combination. •The Black Spade II Articles contain a waiver of the corporate opportunity