Company: TGE
Filing Date: 2025-05-06
Form Type: F-4/A
Source: 0001213900-25-040058
Chunk: 459

Company: Generation Essentials Group
Filing Date: 2025-05-06
Form: F-4/A
Chunk 459
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, the Company seeks to maximize the use of observable inputs (market data obtained from independent sources) and to minimize the use of unobservable inputs (internal assumptions about how market participants would price assets and liabilities). The following fair value hierarchy is used to classify assets and liabilities based on the observable inputs and unobservable inputs used in order to value the assets and liabilities:

| Level 1: |     | Quoted prices in active markets for identical assets or liabilities. An active market for an asset or liability is a market in which transactions for the asset or liability occur with sufficient frequency and volume to provide pricing information on an ongoing basis. |
| Level 2: |     | Observable inputs other than Level 1 inputs. Examples of Level 2 inputs include quoted prices in active markets for similar assets or liabilities and quoted prices for identical assets or liabilities in markets that are not active.                                     |
| Level 3: |     | Unobservable inputs based on assessment of the assumptions that market participants would use in pricing the asset or liability.                                                                                                                                            |

F-19

BLACK SPADE ACQUISITION II CO
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2024 NOTE 9 — FAIR VALUE MEASUREMENTS (cont.) The Company did not have any assets or liabilities that are measured at fair value on December 31, 2024. The following table presents information about the Company’s assets and liabilities that are measured at fair value on August 29, 2024, and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:

|                                                                                            |     | Level |     | August 29, 
 2024       |         |
|:-------------------------------------------------------------------------------------------|:----|------:|:----|:-----------|--------:|
| Liabilities:                                                                               |     |       |     |            |         |
| Over-allotment option liability                                                            |     |     3 |     | $          | 253,969 |
| Equity:                                                                                    |     |       |     |            |         |
| Fair value of Public Warrants for Class A ordinary shares subject to redemption allocation |     |     3 |     | $          | 545,000 |

The over -allotmentoption was accounted for as a liability in accordance with ASC 815 -40and was presented within liabilities on the balance sheet. The over -allotmentoption liability is measured at fair value at inception and on a recurring basis, with changes in fair