Company: TGE
Filing Date: 2025-04-11
Form Type: F-4
Source: 0001213900-25-031177
Chunk: 61

Company: Generation Essentials Group
Filing Date: 2025-04-11
Form: F-4
Chunk 61
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 will likely not be able to exercise your redemption rights. Q:Do I have appraisal rights if I object to the proposed Business Combination? A:The Cayman Islands Companies Act prescribes when shareholder appraisal rights will be available and sets the limitations on such rights. Where such rights are available, shareholders are entitled to receive fair value for their shares. However, regardless of whether such rights are or are not available, Public Shareholders are still entitled to exercise the rights of redemption in respect to their Public Shares as set out herein, and the Black Spade II Board has determined that the redemption proceeds payable to Public Shareholders who exercise such redemption rights represent the fair value of those shares. See the section titled “Proposal Two — The Merger Proposal — Appraisal Rights under the Cayman Islands Companies Act” for additional information. Holders of Public Warrants or Units do not have appraisal rights in respect to such securities in connection with the Business Combination under the Cayman Islands Companies Act. Q:Can I exercise redemption rights and dissenter rights under the Cayman Islands Companies Act? A:No. Any holder of Public Shares who elects to exercise appraisal rights under Section 238 of the Cayman Islands Companies Act will lose their right to have their Public Shares redeemed in accordance with the Black Spade II Articles. The certainty provided by the redemption process may be preferable for holders of Public Shares wishing to exchange their Public Shares for cash. This is because such appraisal rights are likely to be lost and extinguished, including where Black Spade II and the other parties to the Business Combination Agreement determine to delay the consummation of the Business Combination in order to invoke the limitation on dissenter rights under Section 239 of the Cayman Islands Companies Act, in which case any holder of Public Shares who had sought to exercise appraisal rights would only be entitled to receive the merger consideration comprising one TGE ordinary share for each of their Public Shares (subject to adjustment as set out herein). See the section titled “Proposal Two — The Merger Proposal — Appraisal Rights under the Cayman Islands Companies Act” for additional information. Q:What will happen to my BSII Ordinary Shares as a result of the Business Combination? A:If the Business Combination is completed, each Eligible BSII Share will become one TGE Class A Ordinary Share, subject to adjustment as set out herein. 25 Q:What happens to the funds deposited in the Trust Account after consummation of the Business Combination? A:Of the net proceeds of Black Spade II’s IPO (including under