Company: TGE
Filing Date: 2025-02-19
Form Type: DRS
Source: 0001213900-25-015012
Chunk: 692

Company: Generation Essentials Group
Filing Date: 2025-02-19
Form: DRS
Chunk 692
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 not receive any proceeds from any such offer or sale by the Initial Shareholders. The board of directors of Black Spade Acquisition II Co, a Cayman Islands exempted company (“Black Spade II”), has unanimously approved the business combination agreement, dated as of January 27, 2025, by and among Black Spade II, World Media and Entertainment Universal Inc., an exempted company incorporated with limited liability under the laws of the Cayman Islands, and WME Merger Sub Limited, an exempted company incorporated with limited liability under the laws of the Cayman Islands and a direct wholly -ownedsubsidiary of World Media and Entertainment Universal Inc. (“Merger Sub”) (the “Business Combination Agreement”). Pursuant to the Business Combination Agreement, Merger Sub will merge with and into Black Spade II, with Black Spade II surviving the merger (the “Business Combination”). As a result of the Business Combination, and upon consummation of the Business Combination and the other transactions contemplated by the Business Combination Agreement (collectively, the “Transactions”), Black Spade II will become a wholly owned subsidiary of World Media and Entertainment Universal Inc., with the shareholders of Black Spade II becoming shareholders of World Media and Entertainment Universal Inc. Pursuant to the Business Combination Agreement, among other things, prior to the effective time of the Merger (the “Merger Effective Time”), World Media and Entertainment Universal Inc. will re -designate: •Each ordinary share of World Media and Entertainment Universal Inc. (other than non -votingordinary shares) that is not held by AMTD Digital Inc. (“AMTD Digital”) into one Class A ordinary share of World Media and Entertainment Universal Inc. (“aWME Class A Ordinary Share”); •Each ordinary share of World Media and Entertainment Universal Inc. (other than non -votingordinary shares) that is held by AMTD Digital into one Class B ordinary share of World Media and Entertainment Universal Inc. (“aWME Class B Ordinary Share”); and •Each non -votingordinary share of World Media and Entertainment Universal Inc. into one non -votingpreferred share of World Media and Entertainment Universal Inc. (“aWME Preferred Share”). Alt-1 Pursuant to the Business Combination Agreement, immediately after the completion of the re -designationof shares and immediately prior to the Merger Effective Time, World Media and Entertainment Universal Inc. will effect a share consolidation or subdivision such that: •Each aWME Class A Ordinary Share will be consolidated or divided into a