Company: TGE
Filing Date: 2025-04-25
Form Type: F-4/A
Source: 0001213900-25-035536
Chunk: 709

Company: Generation Essentials Group
Filing Date: 2025-04-25
Form: F-4/A
Chunk 709
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 total outstanding TGE Class A Ordinary Shares outstanding following the completion of the Business Combination under the no redemption, 50% redemption and maximum redemption scenarios. We will not receive any proceeds from the sale of TGE Class A Ordinary Shares or TGE Warrants by the Selling Securityholders pursuant to this prospectus. We will receive proceeds from the exercise of the TGE Warrants for cash, but not from the sale of the TGE Warrants issuable upon such exercise. Our registration of the securities covered by this prospectus does not mean that the Selling Securityholders will offer or sell any of the TGE Class A Ordinary Shares or TGE Warrants whose resale is being registered hereunder. The Selling Securityholders may offer, sell or distribute all or a portion of such TGE Class A Ordinary Shares and/or TGE Warrants publicly or through private transactions at prevailing market prices or at negotiated prices. The Selling Securityholders will bear all commissions and discounts, if any, attributable to their sales. We provide more information about how the Selling Securityholders may sell such TGE Class A Ordinary Shares and TGE Warrants in the section entitled “Plan of Distribution.” The Generation Essentials Group will be an “emerging growth company” as defined in the Jumpstart Our Business Startups Act of 2012, and is therefore eligible to take advantage of certain reduced reporting requirements otherwise applicable to other public companies. On May 21, 2024, the Sponsor purchased 4,312,500 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 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, officers and certain employees of