Company: TGE
Filing Date: 2025-02-19
Form Type: DRS
Source: 0001213900-25-015012
Chunk: 694

Company: Generation Essentials Group
Filing Date: 2025-02-19
Form: DRS
Chunk 694
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enting Share determined in accordance with Section 238 of the Companies Act (As Revised) of the Cayman Islands; and •Each issued and outstanding warrant of Black Spade II exercisable for shares of Black Spade II will be exchanged for a corresponding warrant exercisable for aWME Class A Ordinary Shares (“aWME Warrants”). To provide additional consideration to Black Spade II Public Shareholders, World Media and Entertainment Universal Inc. will make a cash payment equal to $1.25 multiplied by the number of BSII Class A Ordinary Shares held by eligible Black Spade II Public Shareholders on the Closing Date immediately before the Merger Effective Time, which we refer to as the Non -RedemptionPayment Amount. In order to be eligible to receive the Non -RedemptionPayment Amount, you must: (a) be a Black Spade II Public Shareholder on the Closing Date immediately before the Merger Effective Time and as of the date falling days after the Closing, (b) have not acquired your BSII Class A Ordinary Shares through a conversion of BSII Class B Ordinary Shares, and (c) never have elected to exercise a redemption right in respect of BSII Class A Ordinary Shares. This additional cash payment will be made no earlier than days after the Closing Date. Alt-2 Black Spade II’s BSII Class A Ordinary Shares, units and public warrants are currently listed on the Nasdaq Stock Market LLC (“Nasdaq”) under the symbols “BSII,” “BSIIU,” and “BSIIW,” respectively. World Media and Entertainment Universal Inc. is not currently a public reporting company. However, following the effectiveness of the registration statement of which this proxy statement/prospectus is a part and the closing of the Transaction (“Closing”), World Media and Entertainment Universal Inc. will become subject to the reporting requirements of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). It is a condition of the consummation of the Business Combination that the aWME Class A Ordinary Shares (including the aWME Warrants Shares) and the aWME Warrants are approved for listing on a qualified stock exchange, which is expected to be Nasdaq (including the Capital Market, Global Market and/or the Global Select Market) or the New York Stock Exchange. World Media and Entertainment Universal Inc. intends to apply for listing of the aWME Class A Ordinary Shares and aWME Warrants onunder the symbols, ““ and “,” respectively, to be effective at the consum