Company: TGE
Filing Date: 2025-05-06
Form Type: F-4/A
Source: 0001213900-25-040058
Chunk: 255

Company: Generation Essentials Group
Filing Date: 2025-05-06
Form: F-4/A
Chunk 255
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 office of the TGE Group and meet with the local staff based in France. On December 4, 2024, the management teams of Black Spade II and TGE, consisting of Mr. Tam, Mr. Ng, and Mr. Taylor from Black Spade II, and Dr. Choi, Mr. Chau, Mr. Zee and Mr. Baudo from TGE, travelled to Milan to meet with the local staff in Milan. Between December 28, 2024 and January 21, 2025 Black Spade II and its professional advisors continued due diligence while Black Spade II and TGE management teams continued their discussions and negotiations on the proposed transaction and potential long -termstrategic collaborations between the two companies. Key pending issues in the draft of the Business Combination Agreement were also discussed, including among other things (i) valuation of TGE, (ii) the length of the various lock up periods, (iii) the timing of resale registration for Black Spade II and its affiliates, (iv) the timing of availability of TGE’s fiscal year 2024 audited financial statements, and (v) amount and mechanics of post -closingcash payment to non -redeemingpublic shareholders of Black Spade II. Black Spade II and TGE subsequently reached an agreement on all key commercial points reflected in the Business Combination Agreement and the Ancillary Documents. On January 21, 2025, TGE conducted a virtual management presentation for the Black Spade II Board in the presence of Black Spade II’s joint financial advisors, and delivered a comprehensive overview of the TGE Group. The Black Spade II Board interacted directly with the TGE management team and were invited to raise any questions they had during the Q&A session. Between January 23 and January 26, 2025, the parties held multiple rounds of discussions to finalize all pending issues in the transaction documents. On January 25, 2025, Black Spade II held a board meeting, where Black Spade II’s management team presented to the Black Spade II Board the reasons to approve the Proposed Transaction for their reference. Black Spade II’s professional advisors, including Black Spade II’s legal advisor, financial due diligence advisor and joint financial advisors, attended the meeting, providing support in the presentation of valuation analysis, legal due diligence and financial due diligence. During the board meeting, the Black Spade II Board was provided with the substantially finalized forms of the Business Combination Agreement and the Ancillary Documents, reviewed the