Company: TGE
Filing Date: 2025-03-21
Form Type: DRS/A
Source: 0001013762-25-001106
Chunk: 267

Company: Generation Essentials Group
Filing Date: 2025-03-21
Form: DRS/A
Chunk 267
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) in which the combined company is deemed to be a large accelerated filer, which means the market value of the combined company’s common equity that is held by non -affiliatesexceeds US$700 million as of the last business day of its most recently completed second fiscal quarter; and (ii) the date on which the combined company has issued more than US$1.00 billion in non -convertibledebt securities during the prior three -yearperiod. References herein to “emerging growth company” have the meaning associated with it in the JOBS Act. 160 PROPOSAL TWO — THE MERGER PROPOSAL The Merger Proposal, if approved, will authorize the Plan of Merger, a copy of which is attached to this proxy statement/prospectus as Annex B. Under the Business Combination Agreement, the Closing is conditioned on approval of the Merger Proposal. Additionally, each of the Business Combination Proposal and the Merger Proposal is cross -conditionedon the approval of each other. If any one of these proposals is not approved by the Black Spade II Shareholders, the Business Combination shall not be consummated. Vote Required for Approval The approval of the Merger Proposal will require a special resolution under Cayman Islands law and pursuant to the Black Spade II Articles, being the affirmative vote of Black Spade II Shareholders holding at least two thirds of the BSII Shares which, being so entitled, are voted on such resolution in person or by proxy at the Meeting at which a quorum is present. Abstentions, while considered present for the purpose of establishing a quorum, will have no effect on the Merger Proposal. Brokers are not entitled to vote on the Merger Proposal absent voting instructions from the beneficial holder and, consequently, while considered present for the purpose of establishing a quorum, broker non -voteswill have no effect on the Merger Proposal. Resolutions to be Voted Upon “ Resolution 2: RESOLVED, as a special resolution, that: (a)the Plan of Merger, by and among Black Spade Acquisition II Co (“Black Spade II”), WME Merger Sub Limited (“Merger Sub”) and The Generation Essentials Group (“TGE”), substantially in the form attached to the accompanying proxy statement/prospectus as Annex B (the “Plan of Merger”), be authorized and approved in all respects; (b)Black Spade II be authorized to merge with Merger Sub (the “Business Combination”) so that Black Sp