Company: TGE
Filing Date: 2025-05-06
Form Type: F-4/A
Source: 0001213900-25-040058
Chunk: 57

Company: Generation Essentials Group
Filing Date: 2025-05-06
Form: F-4/A
Chunk 57
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ade II from accumulating large blocks of shares, and subsequent attempts by such holders to use their ability to exercise their redemption rights against the Business Combination as a means to force us or our management to purchase their shares at a significant premium to the then -currentmarket price or on other undesirable terms. Absent this provision, a Public Shareholder holding more than an aggregate of 15% of the shares sold in Black Spade II’s IPO could threaten to exercise its redemption rights if such holder’s shares are not purchased by us or our management at a premium to the then -currentmarket price or on other undesirable terms. By limiting Black Spade II Shareholders’ ability to redeem no more than 15% of the shares sold in Black Spade II’s IPO without Black Spade II’s consent, Black Spade II believe it will limit the ability of a small group of shareholders to unreasonably attempt to block its ability to complete its initial business combination, particularly in connection with the Business Combination. However, Black Spade II would not be restricting Black Spade II Shareholders’ ability to vote all of their shares (including Excess Shares) for or against the Business Combination. In addition, the Black Spade II Articles provide that in no event will we redeem our Public Shares in an amount that would cause our net tangible assets to be less than $5,000,001 (so that we do not then become subject to the SEC’s “penny stock” rules). Q:Will how I vote affect my ability to exercise redemption rights? A:No. You may exercise your redemption rights whether or not you are a holder of BSII Class A Ordinary Shares on the Record Date (so long as you are a holder at the time of exercise), or whether you vote your BSII Class A Ordinary Shares for or against on any proposal described by this proxy statement/prospectus. As a result, the Business Combination Agreement can be approved by shareholders who will redeem their shares and no longer remain shareholders, leaving shareholders who choose not to redeem their shares holding shares in a company with a potentially less liquid trading market, fewer shareholders, potentially less cash and the potential inability to meet the listing standards of the Qualified Stock Exchange. 22 Q:How do I receive the Non -Redemption Payment Amount? To provide additional consideration to Black Spade II Public Shareholders, The Generation Essentials Group will make a cash payment equal to $1.25 multiplied by the number of BSII Class A Ordinary Shares held by eligible Black Spade II Public Shareholders on