Company: TGE
Filing Date: 2025-02-19
Form Type: DRS
Source: 0001213900-25-015012
Chunk: 7

Company: Generation Essentials Group
Filing Date: 2025-02-19
Form: DRS
Chunk 7
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 in a Cayman Islands holding company. The holding company structure involves unique risks to investors. As a holding company, World Media and Entertainment Universal Inc. may rely on dividends from its subsidiaries for cash requirements, including any payment of dividends to its shareholders. The ability of subsidiaries of World Media and Entertainment Universal Inc. to pay dividends or make distributions to World Media and Entertainment Universal Inc. may be restricted by laws and regulations applicable to them or the debt they incur on their own behalf or the instruments governing their debt. See “Summary of the Proxy Statement/Prospectus — Corporate History and Structure of aWME.”

The Sponsor and certain holders of BSII II Class B Ordinary Shares and BSII Private Warrants (each, and together with the Sponsor, the “Sponsor Parties”) have agreed to vote the BSII Class B Ordinary Shares, and any other Blade Spade II securities acquired by such Sponsor Party in favor of the Business Combination. In order to fund working capital deficiencies or finance transaction costs in connection with a Business Combination, the Sponsor, or certain of Black Spade II’s officers and directors or their affiliates may, but are not obligated to, loan Black Spade II funds as may be required. If Black Spade II complete a business combination, Black Spade II would repay such loaned amounts. In the event that a business combination does not close, Black Spade II may use a portion of the working capital held outside the Trust Account to repay such loaned amounts but no proceeds from the Trust Account would be used for such repayment. Up to $2,000,000 of such working capital loans may be convertible into Private Placement Warrants of the post business combination entity at a price of $0.50 per warrant at the option of the lender. The warrants would be identical to the Private Placement Warrants. As of December 31, 2024, there were no amounts outstanding under the working capital loan. On May 21, 2024, the Sponsor purchased 4,312,500 BSII Class B Ordinary Shares (the “Founder Shares”) in exchange for a capital contribution of $25,000 that was paid by the Sponsor for deferred offering costs. The Founder Shares included an aggregate of up to 562,500shares subject to forfeiture to the extent that the underwriters’ over -allotmentis not exercised in full or in part, so that the number of Founder Shares would equal, on an as -convertedbasis, approximately 20% of Black Spade II’s issued and outstanding ordinary shares