Company: TGE
Filing Date: 2025-04-25
Form Type: F-4/A
Source: 0001213900-25-035536
Chunk: 387

Company: Generation Essentials Group
Filing Date: 2025-04-25
Form: F-4/A
Chunk 387
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reated as a Taxable Transaction.If, as is intended by BSII and TGE, the Business Combination is a taxable exchange for U.S. federal income tax purposes, a U.S. Holder that exchanges BSII Securities for TGE Securities will generally recognize gain or loss in an amount equal to the difference, if any, between (i) the sum of the fair market value of TGE Securities received by such holder and the Non -RedemptionPayment Amount received by such holder and (ii) such holder’s adjusted tax basis in the BSII Securities surrendered. Subject to the discussion below under the section “— PFIC Considerations of the Business Combination,” any gain or loss so recognized will generally be capital gain or loss and will be long -termcapital 246 gain or loss if such U.S. Holder’s holding period in the BSII Securities exceeds one year at the time of the Business Combination (or short -termcapital gain or loss otherwise). It is possible, however, that the redemption rights with respect to the BSII Class A Ordinary Shares may prevent the holding period for such shares from commencing prior to the termination of such rights, in which case a U.S. Holder may not be eligible for long -termcapital gain rates. Long -termcapital gain of non -corporateU.S. Holders (including individuals) is generally eligible for reduced U.S. federal income tax rates. The deductibility of capital losses is subject to limitations. In the case of a U.S. Holder that holds BSII Securities with differing tax bases and/or holding periods, which generally occurs when blocks of shares are purchased at different times or for different amounts, these tax basis and holding period rules must be applied separately to each identifiable block of BSII Securities. Such U.S. Holder’s initial tax basis in the TGE Securities received in the Business Combination will equal the fair market value of such securities upon receipt. Such U.S. Holder’s holding period in the TGE Securities received in the Business Combination will begin on the day following the Closing Date. Consequences if the Business Combination is Treated as a Reorganization.If the Business Combination qualifies as a reorganization, subject to the discussion below under the section “— PFIC Considerations of the Business Combination,” a U.S. Holder of BSII Securities will generally recognize gain (but not loss) in an amount equal to the lesser of (i) such holder’s gain realized (i.e., the excess, if any, of (x) the sum of the fair market value of T