Company: TGE
Filing Date: 2025-02-19
Form Type: DRS
Source: 0001213900-25-015012
Chunk: 35

Company: Generation Essentials Group
Filing Date: 2025-02-19
Form: DRS
Chunk 35
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 Shares such that Black Spade II would have less than $5,000,001 of net tangible assets (the “Adjournment Proposal”). Black Spade II will hold the Meeting to consider and vote upon these proposals. This proxy statement/prospectus contains important information about the proposed Business Combination and the other matters to be acted upon at the Meeting. Black Spade II Shareholders should read it carefully. The vote of shareholders is important. Black Spade II Shareholders are encouraged to vote as soon as possible after carefully reviewing this proxy statement/prospectus. Q:Why is Black Spade II proposing the Business Combination? A:Black Spade II was incorporated for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or assets. On August 29, 2024, Black Spade II consummated its initial public offering (the “Black Spade II’s IPO”) of 15,000,000 Units at $10.00 per Unit, generating gross proceeds of $150,000,000. Each Unit consists of one Class A ordinary share and one -thirdof one redeemable warrant (“BSII Public Warrant”). Each whole Public Warrant entitles the holder to purchase one Class A ordinary share at a price of $11.50 per share, subject to adjustment. Only whole warrants are exercisable. Simultaneously with the closing of Black Spade II’s IPO, Black Spade II consummated the sale of an aggregate of 11,000,000 Private Placement Warrants at a price of $0.50 per private placement warrant, in a private placement to the Sponsor, generating gross proceeds of $5,500,000. On September 26, 2024, the underwriters purchased an additional 300,000 Units pursuant to the 10 partial exercise of the overallotment option. The option Units were sold at an offering price of $10.00 per unit, generating additional gross proceeds to the Company of $3,000,000. In connection with the partial exercise of the over -allotmentoption, the Sponsor purchased an additional 120,000 Private Placement Warrants at a purchase price of $0.50 per Private Placement Warrant, generating additional gross proceeds of $60,000. Since Black Spade II’s IPO, Black Spade II’s activity has been limited to the evaluation of business combination candidates. Black Spade II is permitted to choose a target business in any