Company: TGE
Filing Date: 2025-02-19
Form Type: DRS
Source: 0001213900-25-015012
Chunk: 277

Company: Generation Essentials Group
Filing Date: 2025-02-19
Form: DRS
Chunk 277
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82.35 and $7.89 and average daily trading volume of 6.15 million and 1.42 million for VinFast’s ordinary shares and warrants, respectively, in the eight weeks after VinFast began trading on Nasdaq. As of , 2025, the last reported sale price of VinFast’s ordinary shares and warrants as reported on Nasdaq was $ per ordinary share and $ per warrant, respectively. VinFast is listed on Nasdaq under the ticker symbol “VFS”. The Sponsor has no ongoing business and was established 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. 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 167 transferees, (i) are not redeemable by us, (ii) may not (including the BSII Class A Ordinary