Company: TGE
Filing Date: 2025-05-06
Form Type: F-4/A
Source: 0001213900-25-040058
Chunk: 31

Company: Generation Essentials Group
Filing Date: 2025-05-06
Form: F-4/A
Chunk 31
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 Time” means the effective time of the Merger; “Merger Sub” means WME Merger Sub Limited, a Cayman Islands exempted company; “Nasdaq” means The Nasdaq Stock Market LLC; “Non -RedemptionPayment Amount” means the cash payment made by The Generation Essentials Group 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, to provide additional consideration to Black Spade II Public Shareholders. The aggregate Non -RedemptionPayment Amount that TGE would pay to eligible Black Spade II Public Shareholders under the no redemptions, 25% redemptions, 50% redemptions, 75% redemptions and maximum redemptions scenarios is $19.1million, $13.4million, $9.6million, $4.8million and $0.6million, respectively; “Per Share TGE Equity Value” means the number obtained by dividing (a) the equity value of TGE (being $488,000,000) by (b) the aggregate number of ordinary shares of TGE issued and outstanding immediately prior to the Recapitalization; “Plan of Merger” means the Plan of Merger, by and among Black Spade II, Merger Sub and TGE, substantially in the form attached hereto as Annex B; “Public Warrants” are to the warrants sold as part of the units in this offering (whether they are purchased in this offering or thereafter in the open market); “Qualified Stock Exchange” means The Nasdaq Stock Market LLC (including the Capital Market, Global Market and/or the Global Select Market) or (if notified by TGE to Black Spade II in accordance with Section 9.13 of the Business Combination Agreement) the New York Stock Exchange, as applicable; “Recapitalization” means the recapitalization of the share capital of The Generation Essentials Group immediately following the Re -Designationand immediately prior to the Merger Effective Time by way of a share consolidation or subdivision such that (i) each pre -RecapitalizationTGE Class A Ordinary Share will be consolidated or divided into a number of TGE Class A Ordinary Shares, (ii) each pre -CapitalizationTGE Class B Ordinary Share will be consolidated or divided into a number of TGE Class B Ordinary Shares, and (iii) each pre -Recapitalization