Company: TGE
Filing Date: 2025-02-19
Form Type: DRS
Source: 0001213900-25-015012
Chunk: 162

Company: Generation Essentials Group
Filing Date: 2025-02-19
Form: DRS
Chunk 162
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 dates indicated, nor the future operating results or financial position of aWME. The pro forma statement of operations does not reflect future nonrecurring charges resulting from the Business Combination. The unaudited pro forma financial information does not reflect future events that may occur after the Business Combination and does not consider potential impacts of future market conditions on revenues or expenses. The pro forma financial information included in the section entitled “Unaudited Pro Forma Condensed Combined Financial Information” has been derived from Black Spade II’s and aWME’ historical financial statements and certain adjustments and assumptions have been made regarding aWME after giving effect to the Business Combination. There may be differences between preliminary estimates in the pro forma financial information and the final acquisition accounting, which could result in material differences from the pro forma information presented in this proxy statement/prospectus in respect of the estimated financial position and results of operations of aWME. In addition, the assumptions used in preparing the pro forma financial information may not prove to be accurate and other factors may affect aWME’ financial condition or results of operations following the Closing. Any potential decline in aWME’s financial condition or results of operations may cause significant variations in the share price of aWME. The Black Spade II Board did not obtain a fairness opinion in determining whether or not to proceed with the Proposed Transactions and, as a result, the terms may not be fair from a financial point of view to the Black Spade II Public Shareholders. In analyzing the Proposed Transactions, the Black Spade II Board conducted significant due diligence on aWME. For a complete discussion of the factors utilized by the Black Spade II Board in approving the Proposed Transactions, see the section titled, “Proposal One — The Business Combination Proposal — The Black Spade II Board’s Reasons for Approval of the Proposed Transaction.” the Black Spade II Board believes, because of the financial skills and background of its directors, it was qualified to conclude that the Proposed Transactions were fair from a financial perspective to its shareholders and that aWME’s fair market value was at least 80% of Black Spade II’s net assets (excluding deferred underwriting discounts and commissions Black Spade II would 100 otherwise pay to the underwriters, unless subsequently waived). Notwithstanding the foregoing, as is customary for a transaction of this nature that is on arm’s length commercial terms, the Black Spade II Board did not obtain a fairness opinion to assist it in its determination. Accordingly, investors will be relying solely on the judgment of the