Company: TGE
Filing Date: 2025-04-11
Form Type: F-4
Source: 0001213900-25-031177
Chunk: 189

Company: Generation Essentials Group
Filing Date: 2025-04-11
Form: F-4
Chunk 189
---
 from and after the Closing Date, subject to customary exceptions, any TGE Ordinary Shares or other equity securities of TGE held by such Lock -UpObligor immediately after the Closing (including the Earnout Shares), excluding (i) any TGE Ordinary Shares acquired in open market transactions after the Closing, (ii) any TGE Ordinary Shares received by such Lock -UpObligor upon the exercise, conversion or settlement of options or warrants held by such Lock -UpObligor immediately after Closing (along with such options or warrants themselves), and (iii) any TGE equity securities issued or issuable with respect to any securities referenced in clauses (i) through (ii) by way of share dividend or share split or in connection with a recapitalization, merger, consolidation, spin -off, reorganization or similar transaction. Sales of a substantial number of such shares upon expiration of the lock -upagreements, the perception that such sales may occur, or early release of restrictions in the lock -upagreements, could cause the market price of TGE Ordinary Share to fall or make it more difficult for you to sell your TGE Ordinary Share at a time and price that you deem appropriate. In addition, promptly following the completion of the Business Combination, TGE intends to file one or more registration statements registering the issuance of additional TGE Class A Ordinary Shares under TGE’s incentive award plan. Shares registered under these registration statements will be available for sale in the public market subject to vesting arrangements and exercise of options and, in the case of TGE’s affiliates, the restrictions of Rule 144 under the Securities Act. If these additional shares are sold, or if it is perceived that they will be sold, in the public market, the trading price TGE Ordinary Share could decline. Black Spade II’s ability to complete an initial business combination with TGE may be impacted if such initial business combination is subject to U.S. foreign investment regulations and review by a U.S. government entity, such as the Committee on Foreign Investment in the United States (“CFIUS”), and ultimately prohibited. The Sponsor is a Cayman Islands limited liability company and is likely to be considered a “foreign person” under the regulations administered by CFIUS. As such, an initial business combination with TGE may be subject to CFIUS jurisdiction, the scope of which includes controlling investments (within the meaning of “control” under the CFIUS regulations) as well as certain non -passive, non -controllinginvest