Company: TGE
Filing Date: 2025-02-19
Form Type: DRS
Source: 0001213900-25-015012
Chunk: 33

Company: Generation Essentials Group
Filing Date: 2025-02-19
Form: DRS
Chunk 33
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5,100,000 redeemable warrants issued in the Black Spade II’s IPO, each entitling its holder to purchase one BSII Public Share at an exercise price of US$11.50 per share, subject to adjustment. The BSII Private Warrants represent 11,120,000 warrants sold to the Sponsor in the private placement consummated concurrently with the Black Spade II’s IPO and the partial exercise of the over -allotmentoption, each entitling its holder to purchase one BSII Public Share at an exercise price of US$11.50 per share, subject to adjustment. In connection with the Business Combination, BSII Public Warrants and BSII Private Warrants will be automatically and irrevocably assumed by World Media and Entertainment Universal Inc. and converted into warrants of World Media and Entertainment Universal Inc. each entitling its holder to purchase one aWME Class A Ordinary Share at a price of US$11.50 per share, subject to adjustment. 8 Certain sections in this proxy statement/prospectus refer to a “no redemption” scenario, a “50% redemption” scenario, or a “maximum redemption” scenario. Unless otherwise specified, these scenarios assume for illustrative purposes that all of the assumption described above apply, except for the following: •In respect of the no redemption scenario, no BSII Public Shares are redeemed by the Black Spade II Public Shareholders. •In respect of the 50% redemption scenario, 7,650,000 BSII Public Shares are redeemed by the Black Spade II Public Shareholders. •In respect of the maximum redemption scenario, 14,809,714 BSII Public Shares are redeemed by the Black Spade II Public Shareholders. The maximum redemption scenario refers to a scenario where Black Spade II Public Shareholders exercise rights to redeem 14,809,714 BSII Class A Ordinary Shares, which represents the maximum level of redemptions that could occur without a failure to satisfy the condition set forth in the Business Combination Agreement that aWME (as the surviving company of the merger) has net tangible assets of at least $5,000,001 upon consummation of the Business Combination. 9 QUESTIONS AND ANSWERS ABOUT THE BUSINESS COMBINATION AND
T HE EXTRAORDINARY GENERAL M EETING The following questions and answers briefly address some commonly asked questions about the Meeting and the proposals to be presented at the Meeting, including with respect to the proposed Business Combination. The following questions and answers may