Company: TGE
Filing Date: 2025-04-25
Form Type: F-4/A
Source: 0001213900-25-035536
Chunk: 57

Company: Generation Essentials Group
Filing Date: 2025-04-25
Form: F-4/A
Chunk 57
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 to treat the merger as a taxable exchange of BSII Class A Ordinary Shares and warrants (collectively, the “BSII Securities”) for TGE ordinary shares, TGE warrants (collectively, the “TGE Securities”) and the Non -RedemptionPayment Amount, although the merger potentially could qualify as a “reorganization” within the meaning of Section 368(a) of the Code (a “reorganization”). As discussed in more detail below, there are significant factual and legal uncertainties as to whether the merger might qualify as a reorganization, and there can be no assurance that it will so qualify. If the merger is a taxable exchange for U.S. federal income tax purposes, U.S. Holders (as defined in the section titled “Tax Considerations — U.S. Federal Income Tax Considerations” below) that do not exercise their redemption rights will generally be required to recognize gain or loss for U.S. federal income tax purposes on the exchange of the BSII Securities for the TGE Securities pursuant to the merger. A U.S. Holder’s gain or loss will be equal to the difference between (i) the sum of the fair market value of the TGE Securities and the Non -RedemptionPayment Amount received by the U.S. Holder in the merger and (ii) the U.S. Holder’s adjusted tax basis in the BSII Securities surrendered in the merger. If the merger were to qualify as a reorganization, U.S. Holders that do not exercise their redemption rights generally would recognize gain (but not loss) for U.S. federal income tax purposes on the exchange of the BSII Securities for the TGE Securities pursuant to the merger, in an amount equal to the lesser of (i) the U.S. Holder’s gain realized (i.e., the excess, if any, of (x) the sum of the fair market value of TGE Securities received by the U.S. Holder and the Non -RedemptionPayment Amount received by the U.S. Holder and 21 (y) the U.S. Holder’sadjusted tax basis in the BSII Securities surrendered) and (ii) the Non -RedemptionPayment Amount. Additionally, if the merger does qualify as a reorganization, U.S. Holders may be required to recognize additional gain (but not loss) by reason of the application of the PFIC rules, as described in more detail below under the section titled “Tax Considerations — U.S. Federal Income Tax Considerations — Effects of the Business Combination — Consequences if