Company: TGE
Filing Date: 2025-04-11
Form Type: F-4
Source: 0001213900-25-031177
Chunk: 191

Company: Generation Essentials Group
Filing Date: 2025-04-11
Form: F-4
Chunk 191
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” are to The Generation Essentials Group and its subsidiaries. Upon completion of the Business Combination, Black Spade II Shareholders will become TGE shareholders, BSII Warrant holders will become holders of TGE Warrants and the market price for the TGE Class A Ordinary Shares and TGE Warrants may be affected by factors different from those that historically have affected Black Spade II. Upon completion of the Business Combination, Black Spade II Shareholders (other than Black Spade II Public Shareholders that validly exercise their redemption rights with respect to their BSII Public Shares and Dissenting Black Spade II Shareholders) will become TGE shareholders and BSII Warrant holders will become holders of TGE Warrants, which may be exercised to acquire TGE Class A Ordinary Shares. TGE’s business differs from that of Black Spade II’s, and, accordingly, the results of operations of TGE will be affected by some factors that are different from those currently affecting the results of operations of Black Spade II. Black Spade II is a special purpose acquisition company incorporated in the Cayman Islands that is not engaged in any operating activity, directly or indirectly. TGE is a holding company incorporated in the Cayman Islands as an exempted company and, after the consummation of the Business Combination, will continue to offer media and entertainment services and hospitality services. TGE’ business and results of operations will be affected by regional, country, and industry risks and operating risks to which Black Spade II was not exposed. TGE Warrants will become exercisable for TGE Class A Ordinary Shares, which would increase the number of TGE shares eligible for future resale in the public market and result in dilution to TGE shareholders. TGE Warrants to purchase an aggregate of 16,220,000 TGE Class A Ordinary Shares will become exercisable in accordance with the terms of the Assignment, Assumption and Amendment Agreement and the Black Spade II warrant agreement governing those securities. Assuming the Business Combination closes, the TGE Warrants will become exercisable 30 days after the completion of the Business Combination. The exercise price of the TGE Warrants will be US$11.50 per share. To the extent such TGE Warrants are exercised, additional TGE Class A Ordinary Shares will be issued, which will result in dilution to the existing holders of TGE Class A Ordinary Shares and increase the number of TGE shares eligible for resale in the public market. Sales of substantial numbers of such shares in the public