Company: TGE
Filing Date: 2025-02-19
Form Type: DRS
Source: 0001213900-25-015012
Chunk: 36

Company: Generation Essentials Group
Filing Date: 2025-02-19
Form: DRS
Chunk 36
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 business or industry (with a focus on the enabling technology, lifestyle brands, products, or services and entertainment media sectors) that it felt would provide its shareholders with the greatest opportunity to participate in a company with significant growth potential. Accordingly, it regularly analyzed investment opportunities that were in various sectors and regions (with a focus on the enabling technology, lifestyle brands, products, or services and entertainment media sectors) in an effort to locate the best potential business combination opportunity for its shareholders. aWME operates in the media and entertainment industry. Based on its due diligence investigations on aWME and the industry in which aWME operates, including the financial and other information provided by aWME in the course of the parties’ negotiations, Black Spade II believes that a business combination with aWME will provide its shareholders with an opportunity to participate in a company with significant growth potential. Although the Black Spade II Board believes that the Business Combination with aWME is in the best interests of Black Spade II and its shareholders, the Black Spade II Board did consider certain potential risks in arriving at that conclusion. See the section titled “Proposal One — The Business Combination Proposal — The Black Spade II Board’s Reasons for Approval of the Proposed Transactions.” Q:What positive and negative factors did the Black Spade II Board consider when determining whether or not to proceed with the Business Combination? A:In evaluating the Proposed Transactions and making the above determinations and its recommendation, the Black Spade II Board consulted with its advisors and its management and considered a number of factors, including, but not limited to, the factors discussed below. In light of the wide number and complexity of the factors considered in connection with its evaluation of the Proposed Transactions, the Black Spade II Board did not consider it practicable to, and did not attempt to, quantify or otherwise assign relative weights to the specific factors that it considered in reaching its determination and supporting its decision. The Black Spade II Board viewed its decision as being based on all of the information available and the factors presented to and considered by it. In addition, individual directors may have given different weight to different factors. This explanation of the Black Spade II Board’s reasons for the Proposed Transactions and all other information presented in this section is forward -lookingin nature and, therefore, should be read in light of the factors discussed under “Cautionary Statement Regarding Forward -LookingStatements.” The Black Spade II Board considered a number of factors pertaining to the Proposed Transactions as generally supporting its decision to enter into the