Company: TGE
Filing Date: 2025-05-06
Form Type: F-4/A
Source: 0001213900-25-040058
Chunk: 13

Company: Generation Essentials Group
Filing Date: 2025-05-06
Form: F-4/A
Chunk 13
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 Nasdaq on , 2025. •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 The Generation Essentials Group. •the continued indemnification of current directors and officers of Black Spade II and the continuation of directors’ and officers’ liability insurance after the Business Combination; •the fact that the Sponsor, Black Spade II’s officers and directors will be reimbursed for out -of -pocketexpenses incurred in connection with activities on Black Spade II’s behalf, such as identifying potential target businesses and performing due diligence on suitable business combinations, with all expenses incurred by the Sponsor and its affiliates on behalf of Black Spade II booked and carried on the financial statements of Black Spade II, and as of December31, 2024, there were $41,285.50 of unpaid reimbursable expenses; •the fact that the Sponsor, and current and former officers and directors will lose their entire investment in Black Spade II if an initial business combination is not completed; •the fact that 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”; and •Clear Street LLC and Cohen & Company Capital Markets, a division of J.V.B. Financial Group, LLC, as underwriters of Black Spade II’s Initial Public Offering and Black Spade II’s financial advisors, are entitled to a deferred underwriting fee up to $4,302,000, which will be payable from the amounts held in the Trust Account solely in the event that Black Spade II completes a business combination. Of such amount, $2,007,000 will be calculated on the basis of and paid out of funds available in the Trust Account after payments made out of Trust Account to honor redemption rights of the Public Shareholders, and (ii) up to $2,295,000 is payable at Black Spade II’s and the Sponsor’s sole discretion (such discretionary amount including a fee of $1,500,000 for advisory services). In addition, Clear Street LLC holds 174,987 BSII Public Shares, 4,264 BSII units and 381