Company: TGE
Filing Date: 2025-04-25
Form Type: F-4/A
Source: 0001213900-25-035536
Chunk: 165

Company: Generation Essentials Group
Filing Date: 2025-04-25
Form: F-4/A
Chunk 165
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 are no underwriters engaged in connection with the Proposed Transactions, prior to the opening of trading on the trading day immediately following the Closing, there will be no traditional “roadshow” or book building process, and no price at which underwriters initially sold shares to the public to help inform efficient and sufficient price discovery with respect to the initial post -closingtrades. Therefore, buy and sell orders submitted prior to and at the opening of initial post -closingtrading of TGE securities will not have the benefit of being informed by a published price range or a price at which the underwriters initially sold shares to the public, as would be the case in an underwritten initial public offering. There will be no underwriters assuming risk in connection with an initial resale of TGE securities or helping to stabilize, maintain or affect the public price of TGE securities following the closing. Moreover, TGE will not engage in, and has not and will not, directly or indirectly, request financial advisors to engage in any special selling efforts or stabilization or price support activities in connection with the TGE securities that will be outstanding immediately following the Closing. In addition, since TGE will become public through a merger, securities analysts of major brokerage firms may not provide coverage of TGE since there is no incentive to brokerage firms to recommend the purchase of its ordinary shares. No assurance can be given that brokerage firms will, in the future, want to conduct any offerings on TGE’s behalf. All of these differences from an underwritten public offering of TGE’s securities could result in a more volatile price for TGE’s securities. In addition, the Sponsor, certain members of the Black Spade II Board and its officers, as well as their respective affiliates and permitted transferees, have interests in the Proposed Transactions that are different from or are in addition to those of holders of TGE’s securities following completion of the Proposed Transactions, and that would not be present in an underwritten public offering of TGE’s securities. Such interests may have influenced the Black Spade II Board in making its recommendation that Black Spade II Shareholders vote in favor of the approval of the Business Combination Proposal and the other Proposals described in this proxy statement/prospectus. Such differences from an underwritten public offering may present material risks to unaffiliated investors that would not exist if TGE became a publicly listed company through an underwritten initial public offering instead of upon completion of the Business Combination. 98 TGE’s actual financial position and results of operations following the completion of the Business