Company: TGE
Filing Date: 2025-02-19
Form Type: DRS
Source: 0001213900-25-015012
Chunk: 409

Company: Generation Essentials Group
Filing Date: 2025-02-19
Form: DRS
Chunk 409
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 whole number the number of BSII Public Shares to be issued to the Black Spade II warrant holder. Subject to applicable law, any action, proceeding or claim against Black Spade II arising out of or relating in any way to the Black Spade II warrant agreement will be brought and enforced in the courts of the State of New York or the United States District Court for the Southern District of New York, and Black Spade II irrevocably submits to such jurisdiction, which jurisdiction will be the exclusive forum for any such action, proceeding or claim. This provision applies to claims under the Securities Act but does not apply to claims under the Exchange Act or any claim for which the federal district courts of the United States of America are the sole and exclusive forum. Private Placement Warrants.The private placement BSII Warrants (including the BSII Public Shares issuable upon exercise of the private placement BSII Warrants) will not be transferable, assignable or saleable until 30 days after the completion of the initial business combination (except pursuant to limited exceptions to Black Spade II’s officers and directors and other persons or entities affiliated with the Sponsor) and they will not be redeemable by Black Spade II so long as they are held by the Sponsor, its members or their respective permitted transferees. The Sponsor, or its permitted transferees, has the option to exercise the private placement BSII Warrants 264 on a cashless basis. If the private placement BSII Warrants are held by holders other than the Sponsor or its permitted transferees, the private placement BSII Warrants will be redeemable by Black Spade II in all redemption scenarios and exercisable by the holders on the same basis as the BSII Warrants included in the Units. Except as described below, the private placement warrants have terms and provisions that are identical to those of the warrants being sold as part of the units in this offering. The private placement warrants will not be redeemable by us and may be exercisable on a cashless basis. If holders of the private placement BSII Warrants elect to exercise them on a cashless basis, they would pay the exercise price by surrendering his, her or its BSII Warrants for that number of BSII Public Shares equal to the quotient obtained by dividing (x) the product of the number of BSII Public Shares underlying the BSII Warrants, multiplied by the excess of the “Sponsor fair market value” (defined below) over the exercise price of the BSII Warrants by (