Company: TGE
Filing Date: 2025-03-21
Form Type: DRS/A
Source: 0001013762-25-001106
Chunk: 225

Company: Generation Essentials Group
Filing Date: 2025-03-21
Form: DRS/A
Chunk 225
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 paid a pro rata share of the aggregate amount payable with respect to the exercise of the redemption rights of Black Spade II Shareholders; •Each issued and outstanding BSII Class A Ordinary Share that is held by any person who has validly exercised and not effectively withdrawn or lost their right to dissent from the Merger in accordance with Section 238 of the Cayman Islands Companies Act (“BSII Dissenting Share”) will be cancelled and carry no right other than the right to receive the payment of the fair value of such BSII Dissenting Share determined in accordance with Section 238 of the Cayman Islands Companies Act; and •Each issued and outstanding warrant of Black Spade II exercisable for shares of Black Spade II will be exchanged for a corresponding warrant exercisable for TGE Class A Ordinary Shares (“TGE Warrants”). Additional Consideration to Black Spade II Public Shareholders To provide additional consideration to Black Spade II Public Shareholders, TGE will make a cash payment equal to $1.25 multiplied by the number of BSII Class A Ordinary Shares held by eligible Black Spade II Public Shareholders on the Closing Date immediately before the Merger Effective Time, which we refer to as the Non -RedemptionPayment Amount. In order to be eligible to receive the Non -RedemptionPayment Amount, you must: (a) be a Black Spade II Public Shareholder on the Closing Date immediately before the Merger Effective Time and as of the date falling 60 days after the Closing, (b) have not acquired your BSII Class A Ordinary Shares through a conversion of BSII Class B Ordinary Shares, (c) never have elected to exercise a redemption right in respect of BSII Class A Ordinary Shares, and (d) entered into, and adhered to the terms of, a non -redemptionagreement in the form attached hereto as Annex D by no later than , 2025. After the Closing, and after the payment of a transaction bonus to the Sponsor in the amount of $5,560,000, TGE will make a payment, in cash, to each eligible Black Spade II Public Shareholder who holds BSII Class A Ordinary Shares that has never elected to exercise its redemption rights in an amount equal to $1.25 multiplied by the number of BSII Class A Ordinary Shares (excluding BSII Class A Ordinary Shares converted from BSII Class B Ordinary Shares) held by that eligible shareholder on the Closing Date immediately before the Merger Effective Time, subject to a holding period