Company: TGE
Filing Date: 2025-02-19
Form Type: DRS
Source: 0001213900-25-015012
Chunk: 436

Company: Generation Essentials Group
Filing Date: 2025-02-19
Form: DRS
Chunk 436
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, a 45 -dayoption to purchase up to 2,250,000 additional Units to cover over -allotments, if any (“Over -AllotmentUnits”). On September 26, 2024, the underwriters exercised a portion of the option and purchased 300,000 Over -AllotmentUnits, generating gross proceeds of $3,000,000. In connection with the partial exercise of the over -allotmentoption, the Sponsor purchased an additional 120,000 Private Placement Warrants at a purchase price of $0.50 per Private Placement Warrant, generating additional gross proceeds to the Company of $60,000. The underwriters have forfeited the option to purchase the remaining 1,950,000 Units. Transaction costs amounted to $7,395,804, consisting of $2,660,000 of cash underwriting fee (net of $400,000 underwriters’ reimbursement), $4,257,000 of deferred underwriting fee (see additional discussion in Note 6), and $478,804 of other offering costs. The Company’s management has broad discretion with respect to the specific application of the net proceeds of the Proposed Public Offering and the sale of Private Placement Warrants, although substantially all of the net proceeds are intended to be applied generally toward consummating a Business Combination. There is no assurance that the Company will be able to complete a Business Combination successfully. The Company must complete one or more initial Business Combinations with one or more operating businesses or assets with a fair market value equal to at least 80% of the net assets held in the Trust Account (as defined below) (excluding the deferred underwriting commissions on the Trust Account). The Company will only complete a Business Combination if the post -transactioncompany owns or acquires 50% or more of the outstanding voting securities of the target or otherwise acquires a controlling interest in the target business sufficient for it not to be required to register as an investment company under the Investment Company Act of 1940, as amended (the “Investment Company Act”). F-6 BLACK SPADE ACQUISITION II CO
NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS NOTE 1. DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS (cont.) Following the closing of the Initial Public Offering, on August 29, 2024, and the partial over -allotmentclose on September 26, 2024, an amount of $153,000,000 ($