Company: TGE
Filing Date: 2025-03-21
Form Type: DRS/A
Source: 0001013762-25-001106
Chunk: 279

Company: Generation Essentials Group
Filing Date: 2025-03-21
Form: DRS/A
Chunk 279
---
 solely to provide risk capital to us. Initial Public Offering and Simultaneous Private Placement On August 29, 2024, we completed our Initial Public Offering of 15,000,000 Units at a price of $10.00 per unit, generating gross proceeds of $150,000,000. Each Unit consists of one of the BSII Class A Ordinary Shares, par value $0.0001 per share, and one -thirdof one redeemable Warrant. Each whole Warrant entitles the holder thereof to purchase one BSII Class A Ordinary Share at a price of $11.50 per share, subject to certain adjustments. 167 In connection with our Initial Public Offering, the underwriters were granted a 45 -dayover -allotmentoption to purchase up to 2,250,000 additional option units to cover over -allotments, if any. On September 26, 2024, the underwriters purchased an additional 300,000 Units pursuant to the partial exercise of the over -allotmentoption. The underwriters have forfeited the remaining option to purchase the 1,950,000 Units. Substantially concurrently with the completion of our Initial Public Offering, the Sponsor purchased an aggregate of 11,000,000 Private Placement Warrants at a price of $0.50 per warrant, generating gross proceeds of $5,500,000 in the aggregate. 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 warrant, generating additional gross proceeds of $60,000. The Private Placement Warrants are identical to the warrants sold in our Initial Public Offering except that the Private Placement Warrants, so long as they are held by the Sponsor or its permitted transferees, (i) are not redeemable by us, (ii) may not (including the BSII Class A Ordinary Shares issuable upon exercise of these warrants), subject to certain limited exceptions, be transferred, assigned or sold by the holders until 30 days after the completion of our initial business combination, (iii) may be exercised by the holders on a cashless basis and (iv) are entitled to registration rights. The private placement warrants may not, subject to certain limited exceptions, be transferred, assigned or sold by the holder. If the Private Placement Warrants are held by holders other than the Sponsor or its permitted transferees, the Private Placement Warrants