Company: TGE
Filing Date: 2025-03-21
Form Type: DRS/A
Source: 0001013762-25-001106
Chunk: 80

Company: Generation Essentials Group
Filing Date: 2025-03-21
Form: DRS/A
Chunk 80
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 Redemptions |     |    Assuming 
     Maximum 
 Redemptions |   |
|                                  |     | -USD in millions |     |             |     |             |   |
| Sources                          |     |                  |     |             |     |             |   |
| Proceeds from Trust Account(1)   |     |            156.0 |     |        78.0 |     |         5.0 |   |
| Uses                             |     |                  |     |             |     |             |   |
| Estimated fees and expenses(2)   |     |             19.9 |     |        19.9 |     |        19.9 |   |
| Cash to Balance Sheet(3)         |     |            136.1 |     |        58.1 |     |       (14.9 | ) |
| Non-Redemption Payment Amount(4) |     |             19.1 |     |         9.6 |     |         0.6 |   |

____________ Notes: (1)As Based on Trust Account balance as of December 31, 2024. (2)Includes a transaction bonus of $5,560,000 to be paid to the Sponsor. Such amount will be deducted from the Trust Account, to the extent there remain any funds in the Trust Account after application of the funds in the Trust Account to satisfy any Black Spade II Shareholder Redemptions, and any shortfall will be paid by TGE. (3)TGE plans to use the net proceeds from the business combination transaction after paying for transaction fees and expenses for: a.continued adoption of the direct ownership model for L’Officiel and The Art Newspaper; b.support for our business expansion and growth through acquisition of media platforms and global premium properties although we do not have any fixed plans currently; and c.general working capital purposes. (4)This additional cash payment will be made no earlier thandays after the Closing Date. [TGE expects to fund the Non -RedemptionPayment Amount using available cash, including any remaining proceeds from the completion of the Business Combination.] Agreements Entered into in Connection with Business Combination Agreement Shareholders Support and Lock-Up Agreement and Deed On January 27, 2025, concurrently with the execution of the Business Combination Agreement, Black Spade II, The Generation Essentials Group and the TGE Shareholders entered into a shareholder support and lock -upagreement and deed