Company: TGE
Filing Date: 2025-04-11
Form Type: F-4
Source: 0001213900-25-031177
Chunk: 218

Company: Generation Essentials Group
Filing Date: 2025-04-11
Form: F-4
Chunk 218
---
 price per share is higher than the redemption price stated above, as there may not be sufficient liquidity in its securities when its shareholders wish to sell their shares. If a holder of BSII Public Shares exercises his, her or its redemption rights, then he, she or it will be exchanging their BSII Class A Ordinary Shares for cash and will no longer own those shares. You will be entitled to receive cash for these shares only if you properly demand redemption no later than the close of the vote on the Business Combination Proposal by delivering your share certificate (either physically or electronically) to Black Spade II’s transfer agent prior to the vote at the Meeting, and the merger is consummated. For a detailed discussion of the material U.S. federal income tax considerations for shareholders with respect to the exercise of these redemption rights, see the section titled “ Tax Considerations — U.S. Federal Income Tax Considerations — Effects to U.S. Holders of Exercising Redemption Rights.” The consequences of a redemption to 129 any particular shareholder will depend on that shareholder’s particular facts and circumstances. Accordingly, you are urged to consult your tax advisor to determine your tax consequences from the exercise of your redemption rights, including the applicability and effect of U.S. federal, state, local and non -U.S. income and other tax laws in light of your particular circumstances. Appraisal Rights under the Cayman Islands Companies Act The Cayman Islands Companies Act prescribes when shareholder appraisal rights will be available and sets the limitations on such rights. Where such rights are available, shareholders are entitled to receive fair value for their shares. However, regardless of whether such rights are or are not available, Black Spade II Public Shareholders are still entitled to exercise the rights of redemption in respect to their BSII Public Shares as set out herein, and the Black Spade II Board has determined that the redemption proceeds payable to Black Spade II Public Shareholders who exercise such redemption rights represent the fair value of those shares. See the section titled “Proposal Two — The Merger Proposal — Appraisal Rights Under the Cayman Islands Companies Act” for additional information. Holders of BSII Public Warrants or Units do not have appraisal rights in respect to such securities in connection with the Business Combination under the Cayman Islands Companies Act. Proxy Solicitation Costs Black Spade II is soliciting proxies on behalf of the Black Spade II Board. This solicitation is being made by mail but also may be made by telephone. Black Spade II and its directors, officers and employees