Company: TGE
Filing Date: 2025-04-11
Form Type: F-4
Source: 0001213900-25-031177
Chunk: 362

Company: Generation Essentials Group
Filing Date: 2025-04-11
Form: F-4
Chunk 362
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 bonus to Black Spade II will be firstly deducted from the Trust Account, and any shortfall will be paid by TGE in adjustment [(r)] as follows. (e)Reflects the payment of deferred underwriting commission upon the completion of the Transactions. (f)Reflect the payment of non -redeemingpublic shareholders of Black Spade II that are eligible to receive US$1.25 per share.

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(g)Reflect the shortfall payment of the transaction bonus to Black Spade II of US$1,578,000 in the case of maximum redemptions, which is paid by TGE. (h)Reflects the transaction costs of approximately US$10.0 million payable by TGE in connection with the Transactions. (i)Reflects the reclassification of US$155.3 million of Black Spade II’s Class A ordinary shares to permanent equity after being converted into TGE Class A ordinary share, in the case of no redemptions; or the redeemed value of US$77.7 million of Black Spade II’s Class A ordinary shares and the reclassification of the remaining US$77.7 million of Black Spade II’s Class A ordinary shares to permanent equity after being converted into TGE Class A ordinary shares, in the case of 50% of the maximum redemptions; or the redeemed value of US$151.3 million of Black Spade II’s Class A ordinary shares and the reclassification of the remaining US$4.0 million of Black Spade II’s Class A ordinary shares to permanent equity after being converted into TGE Class A ordinary shares, in the case of maximum redemptions. (j)Reflects the share consideration of US$191,250,000 from the issuance of 19,125,000 TGE Class A ordinary shares at US$10 per share, in the case of no redemptions, or the share consideration of US$114,750,000 million from the issuance of 11,475,000 TGE Class A ordinary shares at US$10 per share, in the case of 50% of the maximum redemptions, or the share consideration of US$43,153,000 from the issuance of 4,315,286 TGE Class A ordinary shares at 10 per share, in the case of maximum redemptions. (k)Represents pro forma adjustments to reserves to reflect in the case of no redemptions the following:

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