Company: TGE
Filing Date: 2025-04-11
Form Type: F-4
Source: 0001213900-25-031177
Chunk: 179

Company: Generation Essentials Group
Filing Date: 2025-04-11
Form: F-4
Chunk 179
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. 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. 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 a Qualified Stock Exchange following the Closing, or that TGE will be able to comply with the continued listing standards of a Qualified Stock Exchange. The publicly -tradedUnits, BSII Class A Ordinary Shares and BSII Warrants are currently listed on Nasdaq. The obligations of Black Spade II, TGE and Merger Sub to consummate the Business Combination is conditioned on the TGE Ordinary Shares and TGE Warrants being approved for listing on a Qualified Stock Exchange, subject to official notice of issuance. TGE will seek to list the TGE Ordinary Shares and TGE Warrants on a Qualified Stock Exchange, each of which has initial and continued listing standards that TGE would be required to meet. For example, as part of the exchange application process, TGE is required