Company: TGE
Filing Date: 2025-07-10
Form Type: 424B3
Source: 0001213900-25-062835
Chunk: 18

Company: Generation Essentials Group
Filing Date: 2025-07-10
Form: 424B3
Chunk 18
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 by AMTD Digital into one Class B Ordinary Share; and                                              |

| ● | Each non-voting ordinary share of The Generation Essentials Group into one Preferred Share. |

Pursuant to the Business Combination Agreement, immediately after the completion of the re-designation of shares and immediately prior to the Merger Effective Time, The Generation Essentials Group effected a share consolidation or subdivision such that:

| ● | Each Class A Ordinary Share will be consolidated or divided into a number of Class A Ordinary 
 Shares equal to the Adjustment Factor;                                                        |

| ● | Each Class B Ordinary Share will be consolidated or divided into a number of Class B Ordinary 
 Shares equal to the Adjustment Factor; and                                                    |

| ● | Each Preferred Share will be consolidated or divided into a number of Preferred Shares equal to the Adjustment 
 Factor,                                                                                                        |

(such actions, collectively, the “Recapitalization”). At the Merger Effective Time and as a result of the Merger:

| ● | Each BSII Class B Ordinary Shares that was issued and outstanding immediately prior to the Merger           
 Effective Time was automatically cancelled in exchange for the right to receive one Class A Ordinary Share; |

| ● | Each BSII Class A Ordinary Share that was issued and outstanding immediately prior to the Merger                                   
 Effective Time (other than such BSII Class A Ordinary Shares that were treasury shares, validly redeemed shares or BSII Dissenting 
 Shares was cancelled in exchange for the right to receive one Class A Ordinary Share);                                             |

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| ● | Each BSII Class A Ordinary Share that was held as a treasury share was cancelled and ceased to exist; |

| ● | Each issued and outstanding BSII Class A Ordinary Share that was validly redeemed was cancelled in                                       
 exchange for the right to be paid a pro rata share of the aggregate amount payable with respect to the exercise of the redemption rights 
 of Black Spade II Shareholders;                                                                                                          |

| ● | Each issued and outstanding BSII Class A Ordinary Share that was held by any person who had validly                                            
 exercised and not effectively withdrawn or lost their right to dissent from the Merger in accordance with Section 238 of the Cayman            
 Islands Companies Act was cancelled and carried no right other than the right to receive the payment of the fair value of such BSII Dissenting 
 Share determined in accordance with Section 238 of the Cayman Islands Companies Act; and                                                       |

| ● | Each issued and outstanding warrant of Black Spade II exercisable for shares of