Company: TGE
Filing Date: 2025-02-19
Form Type: DRS
Source: 0001213900-25-015012
Chunk: 178

Company: Generation Essentials Group
Filing Date: 2025-02-19
Form: DRS
Chunk 178
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 directors may influence their motivation in identifying and selecting a target business combination and completing the Proposed Transactions. 108 At Closing, the trading price per share value of aWME Ordinary Share may be less than the per share value of the Trust Account. Black Spade II Public Shareholders who do not exercise redemption rights will receive aWME Ordinary Share that will have a value ascribed to them by their trading price as of two business days prior to the extraordinary general meeting, which may be substantially less than the amount they would have received upon exercise of redemption rights. See “Questions and Answers About the Business Combination and the Extraordinary General Meeting — What happens if a substantial number of Public Shareholders vote in favor of the Business Combination Proposal and exercise their redemption rights?” In particular, the shares of most companies that are the result of a recently completed business combination between a special purpose acquisition company and an operating company have traded at prices substantially below $10.00 per share. As such Public Shareholders who do not exercise redemptions right may hold securities that never obtain a value equal to or exceeding the per share value of the Trust Account. Neither Black Spade II nor its shareholders will have the protection of any indemnification, escrow, price adjustment or other provisions that allow for a post-closing adjustment to be made to the total consideration for the Business Combination in the event that any of the representations and warranties made by aWME in the Business Combination Agreement ultimately proves to be inaccurate or incorrect. The representations and warranties made by aWME and Black Spade II to each other in the Business Combination Agreement will not survive the consummation of the Business Combination. As a result, Black Spade II and its shareholders will not have the protection of any indemnification, escrow, price adjustment or other provisions that allow for a post -closingadjustment to be made to the total merger consideration if any representation or warranty made by aWME in the Business Combination Agreement proves to be inaccurate or incorrect. Accordingly, to the extent such representations or warranties are incorrect, Black Spade II would have no indemnification claim with respect thereto and its financial condition or results of operations could be adversely affected. There can be no assurance that aWME Ordinary Shares and aWME Warrants issued in connection with the Business Combination will be approved for listing on a Qualified Stock Exchange following the Closing, or that aWME will be able to comply with the continued listing standards of a Qualified Stock Exchange. The publicly -tradedUnits, BSII Class A Ordinary Shares