Company: TGE
Filing Date: 2025-02-19
Form Type: DRS
Source: 0001213900-25-015012
Chunk: 377

Company: Generation Essentials Group
Filing Date: 2025-02-19
Form: DRS
Chunk 377
---
 BSII Securities exceeds one year at the time of the Business Combination (or short -termcapital gain or loss otherwise). It is possible, however, that the redemption rights with respect to the BSII Class A Ordinary Shares may prevent the holding period for such shares from commencing prior to the termination of such rights, in which case a U.S. Holder may not be eligible for long -termcapital gain rates. Long -termcapital gain of non -corporateU.S. Holders (including individuals) is generally eligible for reduced U.S. federal income tax rates. The deductibility of capital losses is subject to limitations. In the case of a U.S. Holder that holds BSII Securities with differing tax bases and/or holding periods, which generally occurs when blocks of shares are purchased at different times or for different amounts, these tax basis and holding period rules must be applied separately to each identifiable block of BSII Securities. Such U.S. Holder’s initial tax basis in the aWME Securities received in the Business Combination will equal the fair market value of such securities upon receipt. Such U.S. Holder’s holding period in the aWME Securities received in the Business Combination will begin on the day following the Closing Date. Consequences if the Business Combination is Treated as a Reorganization.If the Business Combination qualifies as a reorganization, subject to the discussion below under the section “— PFIC Considerations of the Business Combination,” a U.S. Holder of BSII Securities will generally recognize gain (but not loss) in an amount equal to the lesser of (i) such holder’s gain realized (i.e., the excess, if any, of (x) the sum of the fair market value of aWME Securities received by such holder and the Non -RedemptionPayment Amount received by such holder and (y) such holder’s adjusted tax basis in the BSII Securities surrendered) and (ii) the Non -RedemptionPayment Amount. Any gain or loss realized generally must be calculated separately for each identifiable block of Securities surrendered in the exchange, and a loss realized on one block of Securities may not be used to offset a gain realized on another block of Securities. The adjusted tax basis of an aWME Class A Ordinary Share received by a U.S. Holder in the Business Combination will generally equal the U.S. Holder’s tax basis in the BSII Class A Ordinary Share surrendered in exchange therefor, decreased by the amount of cash received and increased by the amount of gain recognized, in each case with respect to such share