Company: TGE
Filing Date: 2025-03-21
Form Type: DRS/A
Source: 0001013762-25-001106
Chunk: 407

Company: Generation Essentials Group
Filing Date: 2025-03-21
Form: DRS/A
Chunk 407
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 Shares issuable upon the exercise of the BSII Warrants. If Black Spade II management takes advantage of this option, all holders of BSII Warrants would pay the exercise price by surrendering their BSII Warrants for that number of BSII Public Shares equal to the quotient obtained by dividing (x) the product of the number of BSII Public Shares underlying the BSII Warrants, multiplied by the difference between the exercise price of the BSII Warrants and the “fair market value” by (y) the fair market value. For this purpose, “fair market value” means the average reported last sale price of the BSII Public Shares for the 10 trading days ending on the third trading day prior to the date on which the notice of redemption is sent to the holders of BSII Warrants. If Black Spade II management takes advantage of this option, the notice of redemption will contain the information necessary to calculate the number of shares of BSII Public Shares to be received upon exercise of the BSII Warrants, including the “fair market value” in such case. Anti -dilution Adjustments.If the number of outstanding BSII Public Shares is increased by a capitalization or share dividend payable in BSII Public Shares, or by a subdivision of ordinary shares or other similar event, then, on the effective date of such capitalization or share dividend, subdivision or similar event, the number of BSII Public Shares issuable on exercise of each BSII Warrant will be increased in proportion to such increase in the outstanding ordinary shares. A rights offering to holders of ordinary shares entitling holders to purchase BSII Public Shares at a price less than the “historical fair market value” (as defined below) will be deemed a share dividend of a number of BSII Public Shares equal to the product of (i) the number of BSII Public Shares actually sold in such rights offering (or issuable under any other equity securities sold in such rights offering that are convertible into or exercisable for BSII Public Shares) and (ii) one minus the quotient of (x) the price per BSII Public Share paid in such rights offering and (y) the historical fair market value. For these purposes, (i) if the rights offering is for securities convertible into or exercisable for BSII Public Shares, in determining the price payable for BSII Public Shares, there will be taken into account any consideration received for such rights, as well as any additional amount payable upon exercise or conversion and (ii) “histor