Company: TGE
Filing Date: 2025-03-21
Form Type: DRS/A
Source: 0001013762-25-001106
Chunk: 403

Company: Generation Essentials Group
Filing Date: 2025-03-21
Form: DRS/A
Chunk 403
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 if any, unpaid on each reduced share will be the same as it was in case of the share from which the reduced share is derived; or •cancel any shares that at the date of the passing of the resolution have not been taken or agreed to be taken by any person and diminish the amount of its share capital by the amount of the shares so cancelled. TGE may by special resolution reduce its share capital or any capital redemption reserve fund in any manner permitted by the Cayman Islands Companies Act. Warrants Upon the consummation of the Business Combination, each BSII Warrant outstanding immediately prior will be assumed by TGE and converted into an TGE Warrant. Each TGE Warrant will continue to have and be subject to substantially the same terms and conditions as were applicable to such BSII Warrant immediately prior to the consummation of the Business Combination (including any repurchase rights and cashless exercise provisions). A summary description of the existing BSII Warrants is set forth below. Public BSII Warrants Each whole BSII Warrant entitles the registered holder to purchase one BSII Public Share at a price of $11.50 per share, subject to adjustment as discussed below, at any time commencing on the later of one year from the closing of the IPO and 30 days after the completion of Black Spade II’s initial business combination, except as discussed in the immediately succeeding paragraph. Pursuant to the Black Spade II warrant agreement, a BSII Warrant holder may exercise its BSII Warrants only for a whole number of BSII Public Shares. This means only a whole BSII Warrant may be exercised at a given time by a BSII Warrant holder. No fractional BSII Warrants will be issued upon separation of Units and only whole BSII Warrants will trade. Accordingly, unless an investor purchases at least three Units, they will not be able to receive or trade a whole BSII Warrant. The BSII Warrants will expire five years after the completion of Black Spade II’s initial business combination, at 5:00 p.m., New York City time, or earlier upon redemption or liquidation. Black Spade II will not be obligated to deliver any BSII Public Shares pursuant to the exercise of a BSII Warrant and will have no obligation to settle such exercise unless a registration statement under the Securities Act with respect to the BSII Public Shares underlying the BSII Warrants is then effective and a prospectus relating thereto is current, subject to Black Spade II