Company: TGE
Filing Date: 2025-06-24
Form Type: F-1
Source: 0001213900-25-057225
Chunk: 2

Company: Generation Essentials Group
Filing Date: 2025-06-24
Form: F-1
Chunk 2
---
 warrants to purchase Class A Ordinary Shares at an exercise price of US$11.50 per share, which were issued on June 3, 2025
(the “Closing Date”) in exchange for the public warrants of Black Spade Acquisition II Co. (“Black Spade II”)
that were issued in the initial public offering of Black Spade II (the “Public Warrants”); and (ii) 11,120,000 Class A
Ordinary Shares issuable upon the exercise of warrants to purchase Class A Ordinary Shares at an exercise price of US$11.50 per share,
which were issued to Black Spade Sponsor LLC II the “Sponsor”) on the Closing Date (the “Sponsor Warrants”,
and collectively with the Public Warrants, the “Warrants”) in exchange for the private placement warrants purchased by the
Sponsor for a total consideration of approximately US$5.6 million in a private placement concurrent with the initial public offering of
Black Spade II at a price of US$0.50 per warrant.

This prospectus also relates
to the potential offer and sale from time to time by the selling securityholders named in this prospectus or their pledgees, donees, transferees,
assignees or other successors in interest (that receive any of the securities as a gift, distribution, or other non-sale related transfer)
(collectively, the “Selling Securityholders”) of up to (A) 57,401,944 Class A Ordinary Shares, which include (i) 3,235,714
Class A Ordinary Shares beneficially owned by South Horizon Oceans (Group) Co. Inc. and 1,464,944 Class A Ordinary Shares beneficially
owned by Radisson Everton Venture Fund (collectively, the “Legacy Shares”), which were originally acquired at a price of approximately
(after accounting for the Recapitalization Factor (as defined below)) US$15.70 and US$15.70 per share prior to the Closing Date, respectively;
(ii) 18,425,068 Class A Ordinary Shares beneficially owned by AMTD IDEA Group, 45,307 Class A Ordinary Shares beneficially owned by AMTD
Group Inc. and 19,285,911 Class A Ordinary Shares issuable upon the conversion of 19,285,911 Class B Ordinary Shares beneficially owned
by AMTD Digital Inc. (collectively, the “AMTD Shares”), which were originally acquired at a price of approximately (after
account