Company: TGE
Filing Date: 2025-03-21
Form Type: DRS/A
Source: 0001013762-25-001106
Chunk: 272

Company: Generation Essentials Group
Filing Date: 2025-03-21
Form: DRS/A
Chunk 272
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 have elected to redeem an amount of BSII Class A Ordinary Shares such that Black Spade II would have less than $5,000,001 of net tangible assets. In no event will Black Spade II solicit proxies to adjourn the Meeting or consummate the Transactions beyond the date by which it may properly do so under the Black Spade II Articles and Cayman Islands law. The purpose of the Adjournment Proposal is to provide more time to meet the requirements that are necessary to consummate the Transactions. See the section titled “Proposal One — The Business Combination Proposal — Interests of Black Spade II’s Directors and Officers in the Business Combination.” Consequences If the Adjournment Proposal Is Not Approved If the Adjournment Proposal is presented to the Meeting and is not approved by the Black Spade II Shareholders, the Black Spade II Board may not be able to adjourn the Meeting to a later date or dates. In such event, the Transactions would not be completed. Vote Required for Approval The approval of the Adjournment Proposal will require an ordinary resolution under Cayman Islands law and pursuant to the Black Spade II Articles, being the affirmative vote of Black Spade II Shareholders holding a majority 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 Adjournment Proposal. Brokers are not entitled to vote on the Adjournment 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 Adjournment Proposal. Resolution to be Voted Upon “ Resolution 3: RESOLVED, as an ordinary resolution, that the adjournment of the extraordinary general meeting to a later date or dates to be determined by the chairman of the extraordinary general meeting, if necessary, to permit further solicitation and vote of proxies in the event that there are insufficient votes for the approval of one or more other proposals at the extraordinary general meeting, or if holders of Class A ordinary shares of Black Spade II (the “BSII Class A Ordinary Shares”) have elected to redeem an amount of BSII Class A Ordinary Shares such that Black Spade II would have less than $5,000,001 of net tangible assets, be and is hereby approved.” Recommendation of the Black Spade II Board THE BLACK