Company: TGE
Filing Date: 2025-07-10
Form Type: 424B3
Source: 0001213900-25-062835
Chunk: 97

Company: Generation Essentials Group
Filing Date: 2025-07-10
Form: 424B3
Chunk 97
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 Transactions adjustments
included in the unaudited pro forma condensed combined statement of financial position as of December 31, 2024, are as follows:

| (c) | Reflects the reclassification of US$155.3 million of investments held in the Trust Account that becomes 
 available following the Transactions.                                                                   |

| (d) | Represents pro forma adjustments to cash and bank balances to reflect the Transactions: |

|                                                                                     |     | US$’000 |          |   |
| Reclassification of Investments held in the Trust Account                           |     |         |  155,345 |   |
| The payment to redeem BSII Public Shares held by Black Spade II Public Shareholders |     |         | (128,591 | ) |
| Transaction bonus paid to Black Spade II                                            |     |         |   (5,560 | ) |
|                                                                                     |     |         |   21,194 |   |

| (e) | Reflects the payment of deferred underwriting commission upon the completion of the Transactions. |

| (f) | Reflect the payment of non-redeeming public shareholders of Black Spade II that are eligible to receive 
 US$1.25 per share.                                                                                      |

| (g) | Reflects the transaction costs of approximately US$10.0 million payable by The Generation Essentials 
 Group in connection with the Transactions.                                                           |

| (h) | Reflects the reclassification of US$155.3 million of Black Spade II’s Class A ordinary 
 shares to permanent equity after being converted into Class A ordinary share.          |

| (i) | Reflects the share consideration of US$60,041,000 from the issuance of 6,004,126 Class A ordinary 
 shares at US$10 per share.                                                                        |

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| (j) | Represents pro forma adjustments to reserves to reflect in the Transactions the following: |

|                                                       |     | US$’000 |         |   |
| Share consideration of Class A ordinary shares        |     |         | (60,041 | ) |
| Net identifiable assets of Black Spade II             |     |         |  17,448 |   |
| Difference – being IFRS 2 charge for listing expenses |     |         | (42,593 | ) |
| Reversal of net liabilities of Black Spade II         |     |         |   9,306 |   |
| Transaction costs incurred