Company: TGE
Filing Date: 2025-05-06
Form Type: F-4/A
Source: 0001213900-25-040058
Chunk: 183

Company: Generation Essentials Group
Filing Date: 2025-05-06
Form: F-4/A
Chunk 183
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 per share value of the Trust Account. Neither Black Spade II nor its shareholders will have the protection of any indemnification, escrow, price adjustment or other provisions that allow for a post-closing adjustment to be made to the total consideration for the Business Combination in the event that any of the representations and warranties made by TGE in the Business Combination Agreement ultimately proves to be inaccurate or incorrect. The representations and warranties made by TGE and Black Spade II to each other in the Business Combination Agreement will not survive the consummation of the Business Combination. As a result, Black Spade II and its shareholders will not have the protection of any indemnification, escrow, price adjustment or other provisions that allow for a post -closingadjustment to be made to the total merger consideration if any representation or warranty made by TGE in the Business Combination Agreement proves to be inaccurate or incorrect. Accordingly, to the extent such representations or warranties are incorrect, Black Spade II would have no indemnification claim with respect thereto and its financial condition or results of operations could be adversely affected. There can be no assurance that TGE Ordinary Shares and TGE Warrants issued in connection with the Business Combination will be approved for listing on a Qualified Stock Exchange following the Closing, or that TGE will be able to comply with the continued listing standards of a Qualified Stock Exchange. The publicly -tradedUnits, BSII Class A Ordinary Shares and BSII Warrants are currently listed on Nasdaq. The obligations of Black Spade II, TGE and Merger Sub to consummate the Business Combination is conditioned on the TGE Ordinary Shares and TGE Warrants being approved for listing on a Qualified Stock Exchange, subject to official notice of issuance. TGE will seek to list the TGE Ordinary Shares and TGE Warrants on a Qualified Stock Exchange, each of which has initial and continued listing standards that TGE would be required to meet. For example, as part of the exchange application process, TGE is required to provide evidence that it will be able to meet the initial listing requirements of a Qualified Stock Exchange, which may be more rigorous than the respective continued listing requirements. TGE’s eligibility for listing may depend on, among other things, the number of Public Shares that are redeemed. If the relevant stock exchange denies TGE’s listing application for failure to meet the listing standards and the parties agree to waive the listing condition in the Business Combination Agreement or, after the Closing, such stock exchange delists the TGE Ordinary Shares or TGE Warrants