Company: TGE
Filing Date: 2025-07-10
Form Type: 424B3
Source: 0001213900-25-062835
Chunk: 13

Company: Generation Essentials Group
Filing Date: 2025-07-10
Form: 424B3
Chunk 13
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.50 per share, which were issued on the Closing Date
in exchange for the public warrants of Black Spade II that were issued in the Black Spade II’s IPO;

“Recapitalization”
means the recapitalization of the share capital of The Generation Essentials Group immediately following the Re-Designation and immediately
prior to the Merger Effective Time by way of a share consolidation or subdivision such that (i) each pre-Recapitalization Class A
Ordinary Share will be consolidated or divided into a number of Class A Ordinary Shares, (ii) each pre-Capitalization Class B Ordinary
Share will be consolidated or divided into a number of Class B Ordinary Shares, and (iii) each pre-Recapitalization Preferred Share
will be consolidated or divided into a number of Preferred Shares, in each case, equal to the Adjustment Factor;

“Re-Designation”
means the re-designation of the share capital of The Generation Essentials Group immediately prior to the Recapitalization as follows:
(A) each Ordinary Share (other than non-voting ordinary shares) not held by AMTD Digital shall be re-designated and re-classified
into one Class A Ordinary Share, where each Class A Ordinary Share shall entitle its holder to one vote on all matters subject to vote
at general meetings of The Generation Essentials Group; (B) each Ordinary Share (other than non-voting ordinary shares) held by AMTD
Digital shall be re-designated and re-classified into one Class B Ordinary Share, where each Class B Ordinary Share shall entitle its
holder to 20 votes on all matters subject to vote at general meetings of The Generation Essentials Group; and (C) each non-voting
redeemable ordinary share in the share capital of The Generation Essentials Group shall be re-designated and re-classified into one non-voting
redeemable preferred share in the share capital of The Generation Essentials Group;

“Registration Rights
Agreement” means the registration rights agreement, dated June 3, 2025, by and among certain shareholders of The Generation
Essentials Group, the Sponsor and certain affiliates of the Sponsor;

“SEC” means the
U.S. Securities and Exchange Commission;

“Shares” means,
collectively, Ordinary Shares and Preferred Shares;

“Sponsor” means
Black Spade Sponsor LLC II, a Cayman Islands limited liability company;

“Sponsor Shareholders”
means the Sponsor, Black Spade II’s directors and officers and certain employees of the Sponsor