Company: TGE
Filing Date: 2025-04-11
Form Type: F-4
Source: 0001213900-25-031177
Chunk: 432

Company: Generation Essentials Group
Filing Date: 2025-04-11
Form: F-4
Chunk 432
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 |     |        | — |     |               — |   |     |        |   — |   |     |            |          — |   |     |             |     32,742 |   |     |               |      32,742 |   |
| Net income                                                                            |     | —               |     |        | — |     |               — |   |     |        |   — |   |     |            |          — |   |     |             |  1,232,096 |   |     |               |   1,232,096 |   |
| Balance – December 31, 2024                                                           |     | —               |     | $      | — |     |       3,825,000 |   |     | $      | 382 |   |     | $          |          — |   |     | $           | (3,190,466 | ) |     | $             |  (3,190,084 | ) |

____________ (1)Includes an aggregate of up to 562,500 Class B ordinary shares subject to forfeiture if the over -allotmentoption is not exercised in full or in part by the underwriters. On September 26, 2024, the underwriters partially exercised their over -allotmentoption to purchase an additional 300,000 units at a purchase price of $10.00 per Unit, and forfeited their option to purchase an additional 1,950,000 units. As a result, 487,500 Founder Shares were forfeited on September 26, 2024 (see Note 5). The accompanying notes are an integral part of these financial statements.

F-5

BLACK SPADE ACQUISITION II CO STATEMENT OF CASH FLOWS FOR THE PERIOD FROM MAY 9, 2024 (INCEPTION) THROUGH DECEMBER 31, 2024

| Cash Flows from Operating Activities:                                                       |     |   |              |   |
|:--------------------------------------------------------------------------------------------|:----|:--|-------------:|:--|
| Net income                                                                                  |     | $ |    1,232,096 |   |
| Adjustments to reconcile net income to net cash used in operating activities:               |     |   |              |   |
| Payment of general and administrative costs through promissory note                         |     |   |       58,059 |   |
| Interest income on cash held in Trust Account