Company: TGE
Filing Date: 2025-05-06
Form Type: F-4/A
Source: 0001213900-25-040058
Chunk: 398

Company: Generation Essentials Group
Filing Date: 2025-05-06
Form: F-4/A
Chunk 398
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 the Business Combination its affairs will be governed by the Amended TGE Articles, the Cayman Islands Companies Act, and the common law of the Cayman Islands. TGE’s authorized share capital will consist of 1,887,814,313,346.23shares of a par value of US$0.0000000264856557377049 each, consisting of 1,791,048,851,868.47 TGE Class A Ordinary Shares, 72,816,437,663.4429 TGE Class B Ordinary Shares, and 23,949,023,814.3133 non -votingredeemable preferred shares (the “Non -VotingPreferred Shares”). All TGE Ordinary Shares issued and outstanding at the consummation of the Business Combination will be fully paid and non -assessable. The Amended TGE Articles will become effective on the Closing Date and immediately prior to the Merger Effective Time. The following are summaries of material provisions of the Amended TGE Articles and the Cayman Islands Companies Act insofar as they relate to the material terms of the TGE Ordinary Shares. Ordinary Shares General Holders of TGE Class A Ordinary Shares and TGE Class B Ordinary Shares will generally have the same rights except for voting and conversion rights. TGE will maintain a register of its shareholders and a shareholder will be entitled upon request to a share certificate. We estimate that, immediately after the Closing, (i) the existing shareholders of TGE will own 71.8% of the issued and outstanding TGE Ordinary Shares (and the AMTD Entities would hold 64.9% of TGE Shares) and AMTD Entities will beneficially own 94.4% of the total voting power of the outstanding TGE Shares, (ii) Black Spade II Public Shareholders will own 22.5% of the outstanding TGE Ordinary Shares, and (iii) the Sponsor will own 5.7% of the outstanding TGE Ordinary Shares, assuming (a) none of the Black Spade II Public Shareholders exercise their redemption rights, and (b) no Black Spade II shareholder exercises its dissenters’ rights, and excluding shares underlying the BSII Public Warrants and BSII Private Warrants and without taking into account the dilutive impact of additional dilution described above and elsewhere in this proxy statement/prospectus. Although AMTD Digital Inc. will control the voting power of all of the issued and outstanding TGE Class B Ordinary Shares immediately following