Company: TGE
Filing Date: 2025-07-10
Form Type: 424B3
Source: 0001213900-25-062835
Chunk: 12

Company: Generation Essentials Group
Filing Date: 2025-07-10
Form: 424B3
Chunk 12
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 on the number of Class A Ordinary Shares held
by them inter se, if any of the specified events pursuant to the Business Combination Agreement occur following Closing and prior to the
first anniversary of the Closing Date, representing in aggregate 3% of the total number of Class A Ordinary Shares outstanding as of the
date such event occurs;

“Exchange Act”
means the Securities Exchange Act of 1934, as amended;

“IFRS” are to
International Financial Reporting Standards as issued by the International Accounting Standards Board;

“JOBS Act” means
the Jumpstart Our Business Startups Act of 2012, as amended;

“Lock-Up Obligor”
means each of AMTD Digital, AMTD IDEA Group, and AMTD Group Inc. pursuant to the TGE Shareholders Support Agreement;

“Merger” means
the merger between Merger 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