Company: TGE
Filing Date: 2025-02-19
Form Type: DRS
Source: 0001213900-25-015012
Chunk: 240

Company: Generation Essentials Group
Filing Date: 2025-02-19
Form: DRS
Chunk 240
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 is subject to, and qualified in its entirety by reference to, the Business Combination Agreement, a copy of which is attached to this proxy statement/prospectus as Annex A (Business Combination Agreement). Black Spade II Shareholders are urged to read this entire proxy statement/prospectus carefully, including the Business Combination Agreement, for a more complete understanding of the Business Combination. In this section, “aWME” refers to World Media and Entertainment Universal Inc. Under the Business Combination Agreement, the Closing is conditioned on approval of the Business Combination Proposal. Additionally, each of the Business Combination Proposal and the Merger Proposal is cross -conditionedon the approval of each other. If any one of these proposals is not approved by the Black Spade II Shareholders, the Business Combination shall not be consummated. General Transaction Structure The Business Combination Agreement provides for the merger of Merger Sub with and into Black Spade II, with Black Spade II surviving the Business Combination as a wholly owned subsidiary of aWME. In connection with the Business Combination, aWME will amend and restate its currently effective memorandum and articles of association and adopt the Amended aWME Articles, the form of which is attached hereto as Annex C. Pro Forma Capitalization The pro forma equity valuation of aWME upon consummation of the Transactions is estimated to be between $400 million and $500 million. We estimate that, upon completion of the Business Combination: •under the “no redemptions” scenario, Black Spade II Public Shareholders would own an ownership interest of approximately 22.5% of aWME’s Ordinary Shares, BSII Founder Shareholders, which consists of the Sponsor, Black Spade II’s directors and officers and certain of the Sponsor’s affiliates and employees, would own approximately 5.7% of aWME Ordinary Shares and aWME Shareholders will retain an aggregate of approximately 71.9% of aWME’s Ordinary Shares. The AMTD Entities would collectively hold 69.6% of voting interests in aWME’s Ordinary Shares. •under the 50% redemption scenario, Black Spade II Public Shareholders would own an ownership interest of approximately 12.7% of aWME’s Ordinary Shares, BSII Founder Shareholders, which consists of the Sponsor, Black Spade II’s directors and officers and certain of the Sponsor’s affiliates and employees, would own approximately 6.3% of aWME Ordinary Shares and aWME Shareholders will