Company: TGE
Filing Date: 2025-04-11
Form Type: F-4
Source: 0001213900-25-031177
Chunk: 33

Company: Generation Essentials Group
Filing Date: 2025-04-11
Form: F-4
Chunk 33
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 of one BSII Class A Ordinary Share and one -thirdof a BSII Public Warrant; “U.S. Dollars,” “USD,” “US$,” and “$” means United States dollars, the legal currency of the United States; and “Warrant Agreement” means the Warrant Agreement dated as of August 27, 2024, between Black Spade II and Continental Stock Transfer & Trust Company. Unless otherwise specified, the voting and economic interests of the combined company’s shareholders set forth in this proxy statement/prospectus assume the following: •TGE is valued at US$488,000,000 on a pre -moneyequity value basis. •No Founder Shares are transferred by the Sponsor as consideration to induce Black Spade II Shareholders to waive its redemption rights. •The BSII Founder Shareholders and holders of any equity securities of The Generation Essentials Group do not purchase any BSII Public Shares in the open market. •No Black Spade II Public Shareholder exercises appraisal rights pursuant to the Cayman Islands Companies Act. •No BSII Public Share or Founder Share is held in Black Spade II’s treasury or owned by The Generation Essentials Group, Merger Sub, or any other wholly -ownedsubsidiary of The Generation Essentials Group. •There are no other issuances of equity interests of The Generation Essentials Group or Black Spade II not described in this proxy statement/prospectus. In addition, unless otherwise specified, the voting and economic interests of the combined company’s shareholders set forth in this proxy statement/prospectus do not take into account the BSII Public Warrants or the BSII Private Warrants, which will convert into TGE Warrants at the Closing. The BSII Public Warrants represent 5,100,000 redeemable warrants issued in the Black Spade II’s IPO, each entitling its holder to purchase one BSII Public Share at an exercise price of US$11.50 per share, subject to adjustment. The BSII Private Warrants represent 11,120,000 warrants sold to the Sponsor in the private placement consummated concurrently with the Black Spade II’s IPO and the partial exercise of the over -allotmentoption, each entitling its holder to purchase one BSII Public Share at an exercise price of US$11.50 per share, subject to adjustment. In connection with the Business Combination, BSII Public Warrants and BSII Private Warrants will be automatically and irrevocably assumed by The Generation Essentials Group and