Company: TGE
Filing Date: 2025-04-25
Form Type: F-4/A
Source: 0001213900-25-035536
Chunk: 388

Company: Generation Essentials Group
Filing Date: 2025-04-25
Form: F-4/A
Chunk 388
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GE Securities received by such holder and the Non -RedemptionPayment Amount received by such holder and (y) such holder’s adjusted tax basis in the BSII Securities surrendered) and (ii) the Non -RedemptionPayment Amount. Any gain or loss realized generally must be calculated separately for each identifiable block of Securities surrendered in the exchange, and a loss realized on one block of Securities may not be used to offset a gain realized on another block of Securities. The adjusted tax basis of an TGE Class A Ordinary Share received by a U.S. Holder in the Business Combination will generally equal the U.S. Holder’s tax basis in the BSII Class A Ordinary Share surrendered in exchange therefor, decreased by the amount of cash received and increased by the amount of gain recognized, in each case with respect to such share. The adjusted tax basis of an TGE Warrant received by a U.S. Holder in the Business Combination will generally equal the U.S. Holder’s tax basis in the BSII Warrant surrendered in exchange therefor, decreased by the amount of cash received and increased by the amount of gain recognized, in each case with respect to such warrant. The holding period for an TGE Security received by a U.S. Holder will generally include such U.S. Holder’s holding period for the BSII Security surrendered in exchange therefor. However, it is unclear whether the redemption rights with respect to the BSII Class A Ordinary Shares may prevent the holding period of the TGE Class A Ordinary Shares from commencing prior to the termination of such rights. Consequences to BSII. BSII will continue to exist as a corporation for U.S. federal income tax purposes after the Business Combination, and become a direct wholly owned subsidiary of TGE. There are no U.S. federal income tax consequences to BSII expected as a result of the Business Combination. Consequences to TGE. TGE will continue to exist as a corporation for U.S. federal income tax purposes after the Business Combination. There are no U.S. federal income tax consequences to TGE expected as a result of the Business Combination. PFIC Considerations of the Business Combination Because BSII is a blank check company with no active business, it is anticipated that BSII will be treated as a PFIC for its current taxable year. As a result, if the Business Combination is a taxable exchange for U.S. federal income tax purposes, any gain so recognized by a U.S. Holder of BSII Securities would be subject to the rules discussed below under the sections entitled