Company: TGE
Filing Date: 2025-03-21
Form Type: DRS/A
Source: 0001013762-25-001106
Chunk: 43

Company: Generation Essentials Group
Filing Date: 2025-03-21
Form: DRS/A
Chunk 43
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 any current plans; and (iii) working capital and general corporate purposes. The foregoing represents TGE’s current intentions based upon its present plans and business conditions to use and allocate the net proceeds from the Business Combination. TGE’s management, however, will have broad discretion to apply such proceeds. If an unforeseen event occurs or business conditions change, TGE may use such proceeds differently than as described in this proxy statement/prospectus. Q:What conditions must be satisfied to complete the Business Combination? A:There are a number of closing conditions to the Business Combination, including, but not limited to: (i) the approval for listing of TGE Class A Ordinary Shares (including the TGE Warrant Shares) and the TGE Warrants contemplated to be listed pursuant to the Business Combination Agreement on a Qualified Stock Exchange immediately following the Closing; (ii) the receipt of consents or approvals of governmental authorities as set forth on TGE’s disclosure schedule; (iii) the absence of any applicable law or governmental order enjoining, prohibiting, making illegal or preventing the consummation of the Transactions; (iv) the receipt of required approval by Black Spade II Shareholders; (v) the receipt of required approval by TGE 15

Shareholders; and (vi) effectiveness of and the absence of any stop order issued by the SEC with respect to the registration statement on Form F -4of which this proxy statement/prospectus forms a part and no action seeking such stop order having been threatened or initiated. For a summary of all of the conditions that must be satisfied or waived prior to completion of the Business Combination, see the section titled “The Business Combination Agreement — Conditions to Closing of the Transactions.” Q: What equity stake will Black Spade II Shareholders and TGE Shareholders have in TGE after the Business Combination? A:It is difficult to predict how many of the Black Spade II Public Shareholders will exercise their right to have their BSII Class A Ordinary Shares redeemed for cash. As a result, we have elected to provide three different redemption scenarios of Public Shares into cash, each of which produces different allocations of the ownership of TGE ordinary shares. The Maximum Redemptions scenario refers to a scenario where Public Shareholders exercise rights to redeem 14,809,714 BSII Class A Ordinary Shares, which represents the maximum level of redemptions that could occur without a failure to satisfy the condition set forth in the Business Combination Agreement that TGE (as the surviving company of the merger) has