Company: TGE
Filing Date: 2025-04-11
Form Type: F-4
Source: 0001213900-25-031177
Chunk: 54

Company: Generation Essentials Group
Filing Date: 2025-04-11
Form: F-4
Chunk 54
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, U.S. Holders (as defined in the section titled “Tax Considerations — U.S. Federal Income Tax Considerations” below) that do not exercise their redemption rights will generally be required to recognize gain or loss for U.S. federal income tax purposes on the exchange of the BSII Securities for the TGE Securities pursuant to the merger. A U.S. Holder’s gain or loss will be equal to the difference between (i) the sum of the fair market value of the TGE Securities and the Non -RedemptionPayment Amount received by the U.S. Holder in the merger and (ii) the U.S. Holder’s adjusted tax basis in the BSII Securities surrendered in the merger. If the merger were to qualify as a reorganization, U.S. Holders that do not exercise their redemption rights generally would recognize gain (but not loss) for U.S. federal income tax purposes on the exchange of the BSII Securities for the TGE Securities pursuant to the merger, in an amount equal to the lesser of (i) the U.S. Holder’s gain realized (i.e., the excess, if any, of (x) the sum of the fair market value of TGE Securities received by the U.S. Holder and the Non -RedemptionPayment Amount received by the U.S. Holder and 21 (y) the U.S. Holder’sadjusted tax basis in the BSII Securities surrendered) and (ii) the Non -RedemptionPayment Amount. Additionally, if the merger does qualify as a reorganization, U.S. Holders may be required to recognize additional gain (but not loss) by reason of the application of the PFIC rules, as described in more detail below under the section titled “Tax Considerations — U.S. Federal Income Tax Considerations — Effects of the Business Combination — Consequences if the Business Combination is Treated as a reorganization.” All holders of BSII Securities are urged to consult with their own tax advisors regarding the potential tax consequences to them of the merger. Q:Do I have redemption rights? A:Pursuant to the Black Spade II Articles, holders of Public Shares may elect to have their Public Shares redeemed for cash at the applicable redemption price per share calculated in accordance with the Black Spade II Articles. For illustrative purposes, based on funds in the Trust Account of approximately $ million as of , 2025, the estimated redemption price per share would have been approximately $ . If a holder exercises its redemption rights, then such holder will be redeem