Company: TGE
Filing Date: 2025-06-24
Form Type: F-1
Source: 0001213900-25-057225
Chunk: 14

Company: Generation Essentials Group
Filing Date: 2025-06-24
Form: F-1
Chunk 14
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ger Sub and Black Spade II, with Black Spade II surviving as a wholly-owned subsidiary of The Generation
Essentials Group in accordance with the Business Combination Agreement;

“Merger Effective Time”
means the effective time of the Merger;

“Merger Sub” means
WME Merger Sub Limited, a Cayman Islands exempted company;

“Non-Redemption Payment
Amount” means the cash payment made by The Generation Essentials Group equal to $1.25 multiplied by the number of BSII Class A
Ordinary Shares held by eligible Black Spade II Public Shareholders on the Closing Date immediately before the Merger Effective Time,
to provide additional consideration to Black Spade II Public Shareholders;

“Ordinary Shares”
means, prior to the Re-Designation, the ordinary shares of The Generation Essentials Group, and following the Re-Designation, Class A
Ordinary Shares and Class B Ordinary Shares collectively;

“Per Share TGE Equity
Value” means the number obtained by dividing (a) the equity value of The Generation Essentials Group (being $488,000,000) by
(b) the aggregate number of ordinary shares of The Generation Essentials Group issued and outstanding immediately prior to the Recapitalization;

“Plan of Merger”
means the Plan of Merger, by and among Black Spade II, Merger Sub and The Generation Essentials Group, substantially in the form
attached hereto as Annex B;

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“Preferred Shares”
means the non-voting redeemable preferred shares of The Generation Essentials Group;

“Public Warrants”
means warrants to purchase Class A Ordinary Shares at an exercise price of US$11.50 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,