Company: TGE
Filing Date: 2025-05-06
Form Type: F-4/A
Source: 0001213900-25-040058
Chunk: 85

Company: Generation Essentials Group
Filing Date: 2025-05-06
Form: F-4/A
Chunk 85
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 underwritten offering will include registrable securities proposed to be sold with a total offering price reasonably expected to exceed, in the aggregate, $7,500,000. The Generation Essentials Group will also agree to provide customary “piggyback” registration rights. The Registration Rights Agreement will provide that The Generation Essentials Group will pay certain expenses relating to such registrations and indemnify the shareholders against certain liabilities. Assignment, Assumption and Amendment Agreement At the Closing, The Generation Essentials Group, Black Spade II and Continental Stock Transfer & Trust Company will enter into an assignment, assumption and amendment agreement (the “Assignment, Assumption and Amendment Agreement”) of that certain warrant agreement, dated August 27, 2024, by and between Black Spade II and Continental Stock Transfer & Trust Company (the “Existing Warrant Agreement”), pursuant to which, among other things, effective as of the Merger Effective Time, Black Spade II will assign to The Generation Essentials Group, and The Generation Essentials Group will assume, all of Black Spade II’s rights, title, interests, liabilities and obligations under the Existing Warrant Agreement. Summary of Material Financing Transactions On May 21, 2024, the Sponsor purchased 4,312,500 of BSII Class B Ordinary Shares (the “Founder Shares”) in exchange for a capital contribution of $25,000 that was paid by the Sponsor for deferred offering costs. The Founder Shares included an aggregate of up to 562,500shares subject to forfeiture to the extent that the underwriters’ over -allotmentwas not exercised in full or in part, so that the number of Founder Shares would equal, on an as -convertedbasis, approximately 20% of Black Spade II’s issued and outstanding ordinary shares after Black Spade II’s IPO. On September 26, 2024, the underwriters partially exercised their over -allotmentoption and 41 purchased an additional 300,000 Units. Due to the partial exercise and the decision to forfeit the remaining option, 487,500 Class B Ordinary Shares were forfeited and the Sponsor subsequently holds 3,825,000 Founder Shares. On August 20, 2024, the Sponsor transferred a total of 630,000 Founder Shares to directors, officer to the Black Spade II IPO Lock -UpRestrictions. The Black Spade II IPO Lock -UpRestrictions do not extend to the securities that the Sponsor will receive in exchange for its Founder Shares as a result of the Merger. Background of the Business