Company: TGE
Filing Date: 2025-04-25
Form Type: F-4/A
Source: 0001213900-25-035536
Chunk: 82

Company: Generation Essentials Group
Filing Date: 2025-04-25
Form: F-4/A
Chunk 82
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| Total Shares Outstanding Including Additional Dilution Sources |     |        89,643,483 |     |    — |     |         85,321,233 |     |    — |     |         80,998,983 |     |    — |     |         76,676,733 |     |    — |     |        72,908,506 |     |    — |

____________ Notes: (1)Assumes that Black Spade II Public Shareholders holding the outstanding BSII Class A Ordinary Shares will not exercise their redemption rights with respect to the outstanding 15,300,000 BSII Class A Ordinary Shares under the assumed no redemptions scenario, assumes that Black Spade II Public Shareholders will exercise their redemption rights to redeem 3,825,000, 7,650,000 and 11,475,000 of the 15,300,000 outstanding BSII Class A Ordinary Shares under the assumed 25%, 50% and 75% redemptions scenarios, and assumes that Black Spade II Public Shareholders will exercise their redemption rights to redeem all of the 14,809,714 outstanding BSII Class A Ordinary Shares under the assumed maximum redemptions scenario. Actual BSII Class A Ordinary Shares redeemed in connection with the Business Combination may vary from the amounts presented above, accordingly the ownership percentages set forth above will also vary. (2)The calculation of the percentage of shares with respect to each Additional Dilution Source includes the full amount of shares issuable with respect to such Additional Dilution Source (but not the other Additional Dilution Sources) in both the numerator and denominator. For example, in the No Redemptions Scenario, the percentage of potential dilution to the Black Spade II Public Shareholders that would result from the issuance of the TGE Class A Ordinary Shares upon the exercise of TGE Warrants expected to be outstanding following the completion of the Business Combination is calculated as follows: (a) 16,220,000 TGE Class A Ordinary Shares; divided by (b) the sum of (i) 42,296,033 TGE Class A Ordinary Shares outstanding upon completion of the Business Combination under the No Redemptions Scenario before taking into account any Additional Dilution Source, and (ii) such 16,220,000 TGE Class A Ordinary Shares. (3)This row assumes the occurrence of one of the required earnout events stipulated in the Business Combination Agreement and described under “