Company: TGE
Filing Date: 2025-03-21
Form Type: DRS/A
Source: 0001013762-25-001106
Chunk: 252

Company: Generation Essentials Group
Filing Date: 2025-03-21
Form: DRS/A
Chunk 252
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 certain of TGE’s filings with the SEC and familiarized itself with TGE’s capital structure; (ii) reviewed TGE’s organizational structure and capitalization; (iii) conducted interviews with certain officers of TGE; and (iv) participated in certain joint conference calls with transaction parties and advisors to plan procedures leading up to the closing of the business combination. 150 On January 27, 2025, Black Spade II, TGE and other relevant parties executed and delivered the Business Combination Agreement and the ancillary agreements referred to therein. Afterwards, Black Spade II and TGE issued a joint press release announcing the Business Combination. Later that day, Black Spade II filed a current report on Form 8 -Kthat included the press release as exhibit. The parties have continued and expect to continue regular discussions regarding the execution and timing of the Business Combination and to take all requisite corporate actions to advance towards the closing of the Business Combination. The Black Spade II Board’s Reasons for Approval of the Proposed Transaction In evaluating the Proposed Transactions and making the above determinations and its recommendation, the Black Spade II Board consulted with its advisors and its management and considered a number of factors, including, but not limited to, the factors discussed below. In light of the wide number and complexity of the factors considered in connection with its evaluation of the Proposed Transactions, the Black Spade II Board did not consider it practicable to, and did not attempt to, quantify or otherwise assign relative weights to the specific factors that it considered in reaching its determination and supporting its decision. The Black Spade II Board viewed its decision as being based on all of the information available and the factors presented to and considered by it. In addition, individual directors may have given different weight to different factors. This explanation of the Black Spade II Board’ reasons for the Proposed Transactions and all other information presented in this section is forward -lookingin nature and, therefore, should be read in light of the factors discussed under “Cautionary Statement Regarding Forward -LookingStatements.” The Black Spade II Board considered a number of factors pertaining to the Proposed Transactions as generally supporting its decision to enter into the Business Combination Agreement, and the Ancillary Agreements, and the transactions contemplated thereby. Before reaching its decision to approve the Proposed Transactions, the Black Spade II Board reviewed the results of due diligence conducted by Black Spade II’s management and by Black Spade II’s legal and financial advisors, which included, among other things: •meetings with TGE’s management