Company: TGE
Filing Date: 2025-05-06
Form Type: F-4/A
Source: 0001213900-25-040058
Chunk: 447

Company: Generation Essentials Group
Filing Date: 2025-05-06
Form: F-4/A
Chunk 447
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 allows for the redemption of such public shares in connection with the Company’s liquidation, or if there is a shareholder vote or tender offer in connection with the Company’s initial Business Combination. In accordance with ASC 480 -10-S99, the Company classifies public shares subject to redemption outside of permanent equity as the redemption provisions are not solely within the control of the Company. The Company recognizes changes in redemption value immediately as they occur and will adjust the carrying value of redeemable shares to equal the redemption value at the end of each reporting period. Immediately upon the closing of the Initial Public Offering, the Company recognized the accretion from initial book value to redemption amount value. The change in the carrying value of redeemable shares will result in charges against additional paid -incapital (to the extent available) and an accumulated deficit. Accordingly, as of December 31, 2024, Class A ordinary shares subject to possible redemption are presented at redemption value as temporary equity, outside of the shareholders’ deficit section of the Company’s balance sheet. As of December 31, 2024, the Class A ordinary shares subject to redemption reflected in the balance sheet are reconciled in the following table:

| Gross proceeds                                                            |     | $ | 153,000,000 |   |
| Less:                                                                     |     |   |             |   |
| Proceeds allocated to Public Warrants                                     |     |   |    (555,900 | ) |
| Proceeds allocated to the over-allotment option                           |     |   |    (253,969 | ) |
| Class A ordinary shares issuance costs                                    |     |   |  (7,384,717 | ) |
| Plus:                                                                     |     |   |             |   |
| Remeasurement of carrying value to redemption value                       |     |   |  10,539,735 |   |
| Class A Ordinary Shares subject to possible redemption, December 31, 2024 |     | $ | 155,345,149 |   |

F-12

BLACK SPADE ACQUISITION II CO
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2024 NOTE 2 — SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (cont.) Net Income Per Ordinary Share The Company complies with accounting and disclosure requirements of FASB ASC Topic 260, “Earnings Per Share.” The Company has two classes of shares, (i) Class A Ordinary Shares and non -redeemableClass