Company: TGE
Filing Date: 2025-07-03
Form Type: F-1/A
Source: 0001213900-25-061211
Chunk: 235

Company: Generation Essentials Group
Filing Date: 2025-07-03
Form: F-1/A
Chunk 235
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 (including in demand deposit accounts), as determined by the Company, until the earlier of (i) the completion
of a Business Combination and (ii) the distribution of the funds held in the Trust Account, as described below.

<div align='center'>F-7

BLACK SPADE ACQUISITION II CO
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2024</div>

NOTE 1 — DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS (cont.)

The Company will provide the holders of the outstanding
Public Shares (the “Public Shareholders”) with the opportunity to redeem all or a portion of their Public Shares either (i) in
connection with a shareholder meeting called to approve the Business Combination or (ii) by means of a tender offer in connection
with the Business Combination. The decision as to whether the Company will seek shareholder approval of a Business Combination or conduct
a tender offer will be made by the Company. The Public Shareholders will be entitled to redeem their Public Shares for a pro rata
portion of the amount then in the Trust Account (initially anticipated to be $10.00 per Public Share, including interest earned on the
funds held in the trust account (net of amounts withdrawn to fund the working capital requirements, including for payment of any income
taxes and up to $100,000 to pay dissolution expenses, subject to an annual limit of 10% of interest earned on funds held in the trust
account (“permitted withdrawals”)). There will be no redemption rights upon the completion of a Business Combination with
respect to the Company’s warrants. The Public Shares subject to possible redemption were recorded at a redemption value and were
classified as temporary equity upon the completion of the Initial Public Offering in accordance with the Accounting Standards Codification
(“ASC”) Topic 480, “Distinguishing Liabilities from Equity.”

The Company will not redeem Public Shares in an
amount that would cause its net tangible assets to be less than $5,000,001 (so that it does not then become subject to the U.S. Securities
and Exchange Commission’s (“SEC”) “penny stock” rules) or any greater net tangible asset or cash requirement
which may be contained in the agreement relating to the Business Combination. If the Company seeks shareholder approval of the Business
Combination, the Company will proceed with a Business Combination if a majority of the outstanding shares are voted in favor of the Business
Combination, or such other vote as required