Company: TGE
Filing Date: 2025-04-25
Form Type: F-4/A
Source: 0001213900-25-035536
Chunk: 372

Company: Generation Essentials Group
Filing Date: 2025-04-25
Form: F-4/A
Chunk 372
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000 |   |
| Reclassification of Investments held in the Trust Account       |     |  155,345 |   |
| The payment to redeem Public Shares held by Public Shareholders |     | (151,363 | ) |
| Transaction bonus paid to Black Spade II                        |     |   (3,982 | ) |
|                                                                 |     |        — |   |

In the case of maximum redemptions, the fund remained in the Trust Account is not sufficient to pay for transaction bonus to Black Spade II, the transaction bonus to Black Spade II will be firstly deducted from the Trust Account, and any shortfall will be paid by TGE in adjustment [(r)] as follows. (e)Reflects the payment of deferred underwriting commission upon the completion of the Transactions. (f)Reflect the payment of non -redeemingpublic shareholders of Black Spade II that are eligible to receive US$1.25 per share.

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(g)Reflect the shortfall payment of the transaction bonus to Black Spade II of US$1,578,000 in the case of maximum redemptions, which is paid by TGE. (h)Reflects the transaction costs of approximately US$10.0 million payable by TGE in connection with the Transactions. (i)Reflects the reclassification of US$155.3 million of Black Spade II’s Class A ordinary shares to permanent equity after being converted into TGE Class A ordinary share, in the case of no redemptions; or the redeemed value of US$77.7 million of Black Spade II’s Class A ordinary shares and the reclassification of the remaining US$77.7 million of Black Spade II’s Class A ordinary shares to permanent equity after being converted into TGE Class A ordinary shares, in the case of 50% of the maximum redemptions; or the redeemed value of US$151.3 million of Black Spade II’s Class A ordinary shares and the reclassification of the remaining US$4.0 million of Black Spade II’s Class A ordinary shares to permanent equity after being converted into TGE Class A ordinary shares, in the case of maximum redemptions. (j)Reflects the share consideration of US$191,250,000 from the issuance of 19,125,000 TGE Class A ordinary shares at US$10 per share, in the case of no redemptions, or the share consideration of US$114,750,000 million from the issuance