Company: TGE
Filing Date: 2025-02-19
Form Type: DRS
Source: 0001213900-25-015012
Chunk: 189

Company: Generation Essentials Group
Filing Date: 2025-02-19
Form: DRS
Chunk 189
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 case of aWME’s affiliates, the restrictions of Rule 144 under the Securities Act. If these additional shares are sold, or if it is perceived that they will be sold, in the public market, the trading price aWME Ordinary Share could decline. Risks Relating to Ownership of Securities of World Media and Entertainment Universal Inc. Unless the context otherwise requires, all references in this subsection to “aWME,” “we,” “us” or “our” are to World Media and Entertainment Universal Inc. and its subsidiaries. Upon completion of the Business Combination, Black Spade II Shareholders will become aWME shareholders, BSII Warrant holders will become holders of aWME Warrants and the market price for the aWME Class A Ordinary Shares and aWME Warrants may be affected by factors different from those that historically have affected Black Spade II. Upon completion of the Business Combination, Black Spade II Shareholders (other than Black Spade II Public Shareholders that validly exercise their redemption rights with respect to their BSII Public Shares and Dissenting Black Spade II Shareholders) will become aWME shareholders and BSII Warrant holders will become holders of aWME Warrants, which may be exercised to acquire aWME Class A Ordinary Shares. aWME’s business differs from that of Black Spade II’s, and, accordingly, the results of operations of aWME will be affected by some 114 factors that are different from those currently affecting the results of operations of Black Spade II. Black Spade II is a special purpose acquisition company incorporated in the Cayman Islands that is not engaged in any operating activity, directly or indirectly. aWME is a holding company incorporated in the Cayman Islands as an exempted company and, after the consummation of the Business Combination, will continue to offer media and entertainment services and hospitality services. aWME’ business and results of operations will be affected by regional, country, and industry risks and operating risks to which Black Spade II was not exposed. aWME Warrants will become exercisable for aWME Class A Ordinary Shares, which would increase the number of aWME shares eligible for future resale in the public market and result in dilution to aWME shareholders. aWME Warrants to purchase an aggregate ofaWME Class A Ordinary Shares will become exercisable in accordance with the terms of the Assignment, Assumption and Amendment Agreement and the Black Spade II warrant agreement governing those securities