Company: TGE
Filing Date: 2025-02-19
Form Type: DRS
Source: 0001213900-25-015012
Chunk: 270

Company: Generation Essentials Group
Filing Date: 2025-02-19
Form: DRS
Chunk 270
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 thereof are required by the terms of a plan of merger or consolidation pursuant to section 233 or 237 to accept for such shares anything except — (a)shares of a surviving or consolidated company, or depository receipts in respect thereof; (b)shares of any other company, or depository receipts in respect thereof, which shares or depository receipts at the effective date of the merger or consolidation, are either listed on a national securities exchange or designated as a national market system security on a recognized interdealer quotation system or held of record by more than two thousand holders; (c)cash in lieu of fractional shares or fractional depository receipts described in paragraphs (a) and (b); or (d)any combination of the shares, depository receipts and cash in lieu of fractional shares or fractional depository receipts described in paragraphs (a), (b) and (c). 239(2) Repealed by section 11 of the Companies (Amendment) (No. 2) Act, 2018 [Law 46 of 2018]. Black Spade II Shareholders are recommended to seek their own advice as soon as possible on the application and procedure to be followed in respect of the appraisal rights under the Cayman Islands Companies Act. Holders of BSII Public Warrants and Units do not have appraisal rights in respect to such securities in connection with the Business Combination under the Cayman Islands Companies Act. 163 PROPOSAL THREE — THE ADJOURNMENT PROPOSAL The Adjournment Proposal, if adopted, will allow the chairman of the Meeting to adjourn the Meeting to a later date or dates, if necessary, to permit further solicitation and vote of proxies in the event that there are insufficient votes for the approval of one or more of the Business Combination Proposal or the Merger Proposal, or if holders of BSII Class A Ordinary Shares have elected to redeem an amount of BSII Class A Ordinary Shares such that Black Spade II would have less than $5,000,001 of net tangible assets. In no event will Black Spade II solicit proxies to adjourn the Meeting or consummate the Transactions beyond the date by which it may properly do so under the Black Spade II Articles and Cayman Islands law. The purpose of the Adjournment Proposal is to provide more time to meet the requirements that are necessary to consummate the Transactions. See the section titled “Proposal One — The Business Combination Proposal — Interests of Black Spade II’s Directors and Officers in the Business Combination