Company: TGE
Filing Date: 2025-07-03
Form Type: F-1/A
Source: 0001213900-25-061211
Chunk: 21

Company: Generation Essentials Group
Filing Date: 2025-07-03
Form: F-1/A
Chunk 21
---
 (c) have entered into, and adhered to the terms of, a non-redemption agreement in the form attached hereto as Annex D to the registration statement on Form F-4 we initially filed with the SEC on April 11, 2025 which includes Black Spade II’s proxy statement and our prospectus in relation to the Business Combination, by no later than May 28, 2025. The Non-Redemption Payment Amount will not be paid on any BSII Class A Ordinary Shares that, at any point in time, were BSII Class B Ordinary Shares. This additional cash payment will be made no earlier than 60 days and no later than 90 days after the Closing Date. The Non-Redemption Payment Amount is a free option that is available to all eligible Black Spade II Public Shareholders. Black Spade II Public Shareholders that sign a non-redemption agreement may at any time choose not to adhere to the terms of the agreement without any penalty or liability, but such shareholder will no longer be eligible to receive the Non-Redemption Payment Amount. On the Closing Date, The Generation Essentials Group issued (i) 6,004,126 Class A Ordinary Shares to then holders of Class A ordinary shares of Black Spade II, including 3,825,000 Class A Ordinary Shares issued to the Sponsor Shareholders; 16,220,000 Warrants to then holders of BSII Public Warrants and BSII Private Warrants; and 23,171,033 Class A Ordinary Shares, 19,285,911 Class B Ordinary Shares and 6,343,056 Preferred Shares to then existing shareholders of The Generation Essentials Group. On June 5, 2025, Class A Ordinary Shares and Warrants commenced trading on the NYSE and NYSE American under the symbols “TGE” and “TGE WS”, respectively. Emerging Growth Company We qualify as an “emerging growth company” as defined in the JOBS Act, and we will remain an emerging growth company until the earliest of (a) the last day of the fiscal year during which we have total annual gross revenues of at least US$1.235 billion; (b) the last day of our fiscal year following the fifth anniversary of the first sale of our Ordinary Shares pursuant to an effective registration statement; (c) the date on which we have, during the preceding three-year period, issued more than US$1.0 billion in non-convertible debt; or (d) the date on