Company: TGE
Filing Date: 2025-04-25
Form Type: F-4/A
Source: 0001213900-25-035536
Chunk: 411

Company: Generation Essentials Group
Filing Date: 2025-04-25
Form: F-4/A
Chunk 411
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 the Securities Act and, in the event Black Spade II so elects, it will not be required to file or maintain in effect a registration statement, but it will use its best efforts to register or qualify the shares under applicable blue sky laws to the extent an exemption is not available. If a registration statement covering the BSII Public Shares issuable upon exercise of the BSII Warrants is not effective within 60 business days after the closing of the initial business combination, Black Spade II warrant holders may, until such time as there is an effective registration statement and during any period when Black Spade II will have failed to maintain an effective registration statement, exercise BSII Warrants on a “cashless basis” in accordance with Section 3(a)(9) of the Securities Act or another exemption. In the case of a cashless exercise, each holder would pay the exercise price by surrendering the BSII Warrants for that number of BSII Public Shares equal to the quotient obtained by dividing (x) the product of the number of BSII Public Shares underlying the BSII Warrants, multiplied by the excess of the “fair market value” less the exercise price of the BSII Warrants by (y) the fair market value. The “fair market value” as used in this paragraph means the volume -weightedaverage price of the BSII Public Shares as reported during the 10 trading day period ending on the trading day prior to the date on which the notice of exercise is received by the BSII Warrant agent. A holder of a BSII Warrant may notify Black Spade II in writing in the event it elects to be subject to a requirement that such holder will not have the right to exercise such BSII Warrant, to the extent that after giving effect to such exercise, such person (together with such person’s affiliates), to the BSII warrant agent’s actual knowledge, would beneficially own in excess of 4.9% or 9.8% (as specified by the holder) of the BSII Public Shares issued and outstanding immediately after giving effect to such exercise. Redemption of BSII Warrants.Once the BSII Warrants become exercisable, Black Spade II may redeem the outstanding BSII Warrants (except as described herein with respect to the private placement BSII Warrants): •in whole and not in part; •at a price of $0.01 per BSII Warrant; •upon a minimum of 30 days’ prior written notice of redemption to each Black Sp