Company: TGE
Filing Date: 2025-04-25
Form Type: F-4/A
Source: 0001213900-25-035536
Chunk: 77

Company: Generation Essentials Group
Filing Date: 2025-04-25
Form: F-4/A
Chunk 77
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al order; (iv) by either The Generation Essentials Group or Black Spade II upon a breach of any representation, warranty, covenant or agreement set forth in the Business Combination Agreement by the other party if such breach gives rise to a failure of certain closing conditions to be satisfied and cannot be or has not been cured within 30 days following the receipt of notice from the non -breachingparty (or any shorter period of the time that remains between the delivery of such notice and the Effectiveness Deadline); or (v) by either The Generation Essentials Group or Black Spade II if the Black Spade II shareholder approval is not obtained at the Black Spade II extraordinary general meeting (including any permitted adjournment or postponement). Upon termination of the Business Combination Agreement, the Business Combination Agreement will become void and of no further effect (other than certain customary provisions that will survive a termination) and there will be no liability on the part of any party to another party thereto (other than liability for any intentional and willful material breach of the Business Combination Agreement occurring prior to the termination of the Business Combination Agreement or any fraud claim by a party). Ownership of TGE After the Closing As of the date of this proxy statement/prospectus, there are 15,300,000 BSII Class A Ordinary Shares and 3,825,000 BSII Class B Ordinary Shares issued and outstanding. In addition, as of the date of this proxy statement/prospectus, there were 16,220,000 BSII Warrants issued and outstanding, which includes 11,120,000 Private Placement Warrants and 5,100,000 Public Warrants. Each warrant entitles the holder thereof to purchase one share of BSII Class A Ordinary Share and, following the Business Combination, will entitle the holder thereof to purchase one share of TGE Class A Ordinary Share. Under the “no redemptions” scenario, upon completion of the Business Combination, Black Spade II Public Shareholders would own an ownership interest of approximately 22.5% of TGE’s Ordinary Shares, BSII Founder Shareholders, which consists of the Sponsor, Black Spade II’s directors and officers and certain of the Sponsor’s affiliates and employees, would own approximately 5.7% of TGE Ordinary Shares and TGE Shareholders will retain an aggregate of approximately 71.9% of TGE’s Ordinary Shares. The AMTD Entities would collectively hold 94.4% of voting interests in TGE’s Ordinary Shares. Under the