Company: TGE
Filing Date: 2025-03-21
Form Type: DRS/A
Source: 0001013762-25-001106
Chunk: 190

Company: Generation Essentials Group
Filing Date: 2025-03-21
Form: DRS/A
Chunk 190
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 Business Combination is ultimately prohibited by CFIUS or another U.S. government entity, Black Spade II may be required to liquidate. If Black Spade II liquidates, Black Spade II Public Shareholders may only receive their pro rata share of amounts held in the Trust Account that are available for distribution to Public Shareholders, and the BSII Public Warrants will expire worthless. This will also cause Black Spade II Public Shareholders to lose the investment opportunity in TGE or another target company and the chance of realizing future gains on their investment through any price appreciation in the combined company. Risks Relating to Ownership of Securities of The Generation Essentials Group Unless the context otherwise requires, all references in this subsection to “ TGE ,” “we,” “us” or “our” are to The Generation Essentials Group and its subsidiaries. Upon completion of the Business Combination, Black Spade II Shareholders will become TGE shareholders, BSII Warrant holders will become holders of TGE Warrants and the market price for the TGE Class A Ordinary Shares and TGE Warrants may be affected by factors different from those that historically have affected Black Spade II. Upon completion of the Business Combination, Black Spade II Shareholders (other than Black Spade II Public Shareholders that validly exercise their redemption rights with respect to their BSII Public Shares and Dissenting Black Spade II Shareholders) will become TGE shareholders and BSII Warrant holders will become holders of TGE Warrants, which may be exercised to acquire TGE Class A Ordinary Shares. TGE’s business differs from that of Black Spade II’s, and, accordingly, the results of operations of TGE will be affected by some factors that are different from those currently affecting the results of operations of Black Spade II. Black Spade II is a special purpose acquisition company incorporated in the Cayman Islands that is not engaged in any operating activity, directly or indirectly. TGE is a holding company incorporated in the Cayman Islands as an exempted company and, after the consummation of the Business Combination, will continue to offer media and entertainment services and hospitality services. TGE’ business and results of operations will be affected by regional, country, and industry risks and operating risks to which Black Spade II was not exposed. TGE Warrants will become exercisable for TGE Class A Ordinary Shares, which would increase the number of TGE shares eligible for future resale in the public market and result in dilution to TGE shareholders. T