Company: TGE
Filing Date: 2025-02-19
Form Type: DRS
Source: 0001213900-25-015012
Chunk: 49

Company: Generation Essentials Group
Filing Date: 2025-02-19
Form: DRS
Chunk 49
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 also assessing the market value of the two residential real estate assets. For more information, see “Proposal One — The Business Combination Proposal — Financial Analysis.” Q:Will Black Spade II or aWME issue additional equity securities in connection with the consummation of the Business Combination? A:aWME or Black Spade II may enter into equity or equity -linkedfinancing in connection with the Business Combination with their respective affiliates or any third parties if the parties determine that the issuance of additional equity is necessary or desirable in connection with the consummation of the Business Combination. The purpose of these financing activities would be to increase the amount of cash available to Black Spade II for use in the Business Combination. Any equity issuances could result in dilution of the relative ownership interest of the securityholders of Black Spade II. Q:How many votes do I have at the Meeting? A:Black Spade II Shareholders are entitled to one vote on each of the proposals at the Meeting for each BSII Share held of record as of the Record Date. As of the close of business on the Record Date, there were BSII Shares outstanding, of which were BSII Class A Ordinary Shares and were BSII Class B Ordinary Shares. Q:What vote is required to approve the proposals presented at the Meeting? A:The approval of each of the Business Combination Proposal and the Adjournment Proposal requires an ordinary resolution under Cayman Islands law and pursuant to the Black Spade II Articles, being the affirmative vote of shareholders holding a majority of the BSII Shares which, being so entitled, are voted on such resolutions in person or by proxy at the Meeting at which a quorum is present. The approval of the Merger Proposal requires a special resolution under Cayman Islands law and pursuant to the Black Spade II Articles, being the affirmative vote of shareholders holding at least two thirds of the BSII Shares which, being so entitled, are voted on such resolution in person or by proxy at the Meeting at which a quorum is present. Assuming a quorum is established, a shareholder’s failure to vote by proxy or to vote in person at the Meeting will have no effect on the foregoing proposals. Abstentions and broker non -votes, while considered present for the purposes of establishing a quorum, are not treated as votes cast and will have no effect on any of the proposals. Holders of BSII Class B Ordinary Shares have agreed to vote their shares in favor of the Business Combination Proposal and the Merger Proposal. As of the date