Company: TGE
Filing Date: 2025-04-11
Form Type: F-4
Source: 0001213900-25-031177
Chunk: 55

Company: Generation Essentials Group
Filing Date: 2025-04-11
Form: F-4
Chunk 55
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ing its Public Shares for cash. Such a holder will be entitled to receive cash for its Public Shares only if it properly demands redemption and delivers its share certificates (if any) and a redemption notice (either physically or electronically) to Black Spade II’s transfer agent two days prior to the Meeting. See the section titled “Extraordinary General Meeting of Black Spade II Shareholders — Redemption Rights” for the procedures to be followed if you wish to redeem your Public Shares for cash. Q:Are there any limitations on redemption rights? A:Yes. The Black Spade II Articles provide that a Public Shareholder, together with any affiliate of such shareholder or any other person with whom such shareholder is acting in concert or as a “group” (as defined under Section 13 of the Exchange Act), will be restricted from redeeming its shares with respect to more than an aggregate of 15% of the shares sold in Black Spade II’s IPO, which Black Spade II refers to as the “Excess Shares,” without its prior consent. Black Spade II believes this restriction will discourage shareholders of Black Spade II from accumulating large blocks of shares, and subsequent attempts by such holders to use their ability to exercise their redemption rights against the Business Combination as a means to force us or our management to purchase their shares at a significant premium to the then -currentmarket price or on other undesirable terms. Absent this provision, a Public Shareholder holding more than an aggregate of 15% of the shares sold in Black Spade II’s IPO could threaten to exercise its redemption rights if such holder’s shares are not purchased by us or our management at a premium to the then -currentmarket price or on other undesirable terms. By limiting Black Spade II Shareholders’ ability to redeem no more than 15% of the shares sold in Black Spade II’s IPO without Black Spade II’s consent, Black Spade II believe it will limit the ability of a small group of shareholders to unreasonably attempt to block its ability to complete its initial business combination, particularly in connection with the Business Combination. However, Black Spade II would not be restricting Black Spade II Shareholders’ ability to vote all of their shares (including Excess Shares) for or against the Business Combination. In addition, the Black Spade II Articles provide that in no event will we redeem our Public Shares in an amount that would cause our net tangible assets to be less than $5,000,001 (so that we do not then become subject to the