Company: TGE
Filing Date: 2025-04-25
Form Type: F-4/A
Source: 0001213900-25-035536
Chunk: 50

Company: Generation Essentials Group
Filing Date: 2025-04-25
Form: F-4/A
Chunk 50
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ptions Scenario, the percentage of potential dilution to the Black Spade II Public Shareholders that would result from the issuance of the TGE Class A Ordinary Shares upon the exercise of TGE Warrants expected to be outstanding following the completion of the Business Combination is calculated as follows: (a) 16,220,000 TGE Class A Ordinary Shares; divided by (b) the sum of (i) 42,296,033 TGE Class A Ordinary Shares outstanding upon completion of the Business Combination under the No Redemptions Scenario before taking into account any Additional Dilution Source, and (ii) such 16,220,000 TGE Class A Ordinary Shares. (3)This row assumes the occurrence of one of the required earnout events stipulated in the Business Combination Agreement and described under “The Business Combination Agreement — Earnout”. In such case, the number of TGE Class A Ordinary Shares that will be issued would be equal to such number of TGE Class A Ordinary Shares which in aggregate represent 3% of the aggregate number of TGE Class A Ordinary Shares outstanding as of the date such event occurs. For illustrative purposes, this calculation assumes the issuance of 1,268,880, 1,154,130, 1,039,380, 924,630 and 824,589 TGE Class A Ordinary Shares, which is 3% of the total number of TGE Class A Ordinary Shares that would be outstanding following the completion of the Business Combination under the no redemption, 25% redemption, 50% redemption, 75% redemption and maximum redemption scenarios. (4)For illustrative purposes, assumes that TGE elects to issue the maximum of 10% of the aggregate number of TGE Class A Ordinary Shares following the completion of the Business Combination under the nor redemption, 50% redemption and maximum redemption scenarios, on a fully diluted, as converted and as -exercisedbasis to employees and other service providers of TGE and its subsidiaries. (5)Due to the calculation formula illustrated in note 2 above, the percentage of the total Additional Dilution Sources is not equal to the sum of the percentage of each Additional Dilution Source. Q:Who will be the officers and directors of TGE if the Business Combination is consummated? A:Following the consummation of the Business Combination, the directors of TGE will be Dr. Feridun Hamdullahpur, Dr. Calvin Choi, Joanne Shoveller and Samuel Ch