Company: TGE
Filing Date: 2025-04-11
Form Type: F-4
Source: 0001213900-25-031177
Chunk: 9

Company: Generation Essentials Group
Filing Date: 2025-04-11
Form: F-4
Chunk 9
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 Shares until the earlier to occur of (A) six months after the completion of the initial Business Combination or earlier if, subsequent to the initial Business Combination, the closing price of the Class A ordinary shares equals or exceeds $12.00 per share (as adjusted for share subdivisions, share capitalizations, reorganizations, recapitalizations and the like) for any 20 trading days within any 30 -tradingday period commencing at least 150 days after the initial Business Combination, and (B) the date following the completion of the initial Business Combination on which Black Spade II completes a liquidation, merger, share exchange or other similar transaction that results in all of the shareholders having the right to exchange their Class A ordinary shares for cash, securities or other property (the “Black Spade II IPO Lock -UpRestrictions”). The Black Spade II IPO Lock -UpRestrictions will not extend to the TGE securities that the Sponsor will receive in exchange for its Founder Shares as a result of the Merger. The following summarizes the pro forma ownership of TGE Ordinary Shares immediately following the Business Combination under three redemption scenarios: no redemptions, 50% redemptions, and maximum redemptions.

|                                                               |     |    Assuming No 
 Redemptions(1) |     |              |   |     |   Assuming 50% 
 Redemptions(1) |     |              |   |     | Assuming Maximum 
   Redemptions(1) |     |              |   |
|                                                               |     |      Number of 
         Shares |     |   Percentage 
 Ownership(2) |   |     |      Number of 
         Shares |     |   Percentage 
 Ownership(2) |   |     |        Number of 
           Shares |     |   Percentage 
 Ownership(2) |   |
| Black Spade II Class A Shareholders(3)                        |     |     15,300,000 |     |         22.5 | % |     |      7,650,000 |     |         12.7 | % |     |          490,286 |     |          0.9 | % |
| Black Spade II Class B Shareholders(3)(4)                     |     |      3,825,000 |     |          5.7 | % |     |      3,825,000 |     |          6.4 | % |     |        3,825,000