Company: TGE
Filing Date: 2025-03-21
Form Type: DRS/A
Source: 0001013762-25-001106
Chunk: 178

Company: Generation Essentials Group
Filing Date: 2025-03-21
Form: DRS/A
Chunk 178
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 potential target businesses and performing due diligence on suitable business combinations. There is no cap or ceiling on the reimbursement of out -of -pocketexpenses incurred in connection with activities on our behalf. These financial interests of the Sponsor and our executive officers and directors may influence their motivation in identifying and selecting a target business combination and completing the Proposed Transactions. At Closing, the trading price per share value of TGE Ordinary Share may be less than the per share value of the Trust Account. Black Spade II Public Shareholders who do not exercise redemption rights will receive TGE Ordinary Share that will have a value ascribed to them by their trading price as of two business days prior to the extraordinary general meeting, which may be substantially less than the amount they would have received upon exercise of redemption rights. See “Questions and Answers About the Business Combination and the Extraordinary General Meeting — What happens if a substantial number of Public Shareholders vote in favor of the Business Combination Proposal and exercise their redemption rights?” In particular, the shares of most companies that are the result of a recently completed business combination between a special purpose acquisition company and an operating company have traded at prices substantially below $10.00 per share. As such Public Shareholders who do not exercise redemptions right may hold securities that never obtain a value equal to or exceeding the per share value of the Trust Account. 107 Neither Black Spade II nor its shareholders will have the protection of any indemnification, escrow, price adjustment or other provisions that allow for a post-closing adjustment to be made to the total consideration for the Business Combination in the event that any of the representations and warranties made by TGE in the Business Combination Agreement ultimately proves to be inaccurate or incorrect. The representations and warranties made by TGE and Black Spade II to each other in the Business Combination Agreement will not survive the consummation of the Business Combination. As a result, Black Spade II and its shareholders will not have the protection of any indemnification, escrow, price adjustment or other provisions that allow for a post -closingadjustment to be made to the total merger consideration if any representation or warranty made by TGE in the Business Combination Agreement proves to be inaccurate or incorrect. Accordingly, to the extent such representations or warranties are incorrect, Black Spade II would have no indemnification claim with respect thereto and its financial condition or results of operations could be adversely affected. There can be no assurance that TGE Ordinary Shares and TGE Warrants issued in connection with the Business Combination will be approved for listing on