Company: TGE
Filing Date: 2025-03-21
Form Type: DRS/A
Source: 0001013762-25-001106
Chunk: 109

Company: Generation Essentials Group
Filing Date: 2025-03-21
Form: DRS/A
Chunk 109
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 proposals. Risks Relating to Ownership of Securities of The Generation Essentials Group •Upon completion of the Business Combination, Black Spade II Shareholders will become TGE shareholders, BSII Warrant holders will become holders of TGE Warrants and the market price for the TGE Class A Ordinary Shares and TGE Warrants may be affected by factors different from those that historically have affected Black Spade II. •TGE Warrants will become exercisable for TGE Class A Ordinary Shares, which would increase the number of TGE shares eligible for future resale in the public market and result in dilution to TGE shareholders. •TGE may redeem your unexpired TGE Warrants prior to their exercise at a time that is disadvantageous to you, thereby making your TGE Warrants worthless. •If securities or industry analysts do not publish research, publish inaccurate or unfavorable research or cease publishing research about TGE, its share price and trading volume could decline significantly. •Future resales of TGE Ordinary Shares issued to TGE shareholders and other significant shareholders may cause the market price of the TGE Class A Ordinary Shares to drop significantly, even if TGE’s business is doing well. •A market for TGE Class A Ordinary Shares may not develop, which would adversely affect the liquidity and price of TGE Class A Ordinary Shares. •There can be no assurance that TGE will not be a passive foreign investment company for any taxable year, which could subject U.S. Holders to significant adverse U.S. federal income tax consequences. Risks Relating to Redemption of BSII Public Shares •If a shareholder fails to receive notice of Black Spade II’s offer to redeem the BSII Public Shares in connection with the Business Combination, such shares may not be redeemed. •You will not have any rights or interests in funds from the Trust Account, except under certain limited circumstances. To liquidate your investment, therefore, you may be forced to sell your BSII Public Shares and/or warrants, potentially at a loss. •There is no guarantee that a Public Shareholder’s decision whether to redeem their shares for a pro rata portion of the Trust Account will put such shareholder in a better future economic position. Risks Relating to the Adjournment Proposal •If the Adjournment Proposal is not approved, and an insufficient number of votes have been obtained to authorize the consummation of the Business Combination, the Black Spade II Board will not have the ability to adjourn the Meeting to a later date in order to solicit further