Company: TGE
Filing Date: 2025-12-03
Form Type: 424B3
Source: 0001213900-25-117807
Chunk: 12

Company: Generation Essentials Group
Filing Date: 2025-12-03
Form: 424B3
Chunk 12
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 of dissent rights in
respect of the Merger pursuant to Section 238 of the Cayman Islands Companies Act;

“Earnout Shares”
means the Class A Ordinary Shares that may be issued, or caused to be issued, by The Generation Essentials Group to AMTD Digital, AMTD
IDEA Group, and AMTD Group Inc., in accordance with their respective pro rata share based on the number of Class A Ordinary Shares held
by them inter se, if any of the specified events pursuant to the Business Combination Agreement occur following Closing and prior to
the first anniversary of the Closing Date, representing in aggregate 3% of the total number of Class A Ordinary Shares outstanding as
of the date such event occurs;

“Exchange Act”
means the Securities Exchange Act of 1934, as amended;

“IFRS” are to
International Financial Reporting Standards as issued by the International Accounting Standards Board;

“JOBS Act” means
the Jumpstart Our Business Startups Act of 2012, as amended;

“Lock-Up Obligor”
means each of AMTD Digital, AMTD IDEA Group, and AMTD Group Inc. pursuant to the TGE Shareholders Support Agreement;

“Merger” means
the merger between Merger Sub and Black Spade II, with Black Spade II surviving as a wholly-owned subsidiary of The Generation
Essentials Group in accordance with the Business Combination Agreement;

“Merger Effective Time”
means the effective time of the Merger;

“Merger Sub”
means WME Merger Sub Limited, a Cayman Islands exempted company;

“Non-Redemption Payment
Amount” means the cash payment made by The Generation Essentials Group equal to $1.25 multiplied by the number of BSII Class A
Ordinary Shares held by eligible Black Spade II Public Shareholders on the Closing Date immediately before the Merger Effective
Time, to provide additional consideration to Black Spade II Public Shareholders;

“Ordinary Shares”
means, prior to the Re-Designation, the ordinary shares of The Generation Essentials Group, and following the Re-Designation, Class A
Ordinary Shares and Class B Ordinary Shares collectively;

“Per Share TGE Equity
Value” means the number obtained by dividing (a) the equity value of The Generation Essentials Group (being $488,000,000)
by (b) the aggregate number of ordinary shares of The Generation Essentials Group issued and outstanding immediately prior to the
Recapitalization;

“Plan of Merger”
means the Plan of Mer