Company: TGE
Filing Date: 2025-04-11
Form Type: F-4
Source: 0001213900-25-031177
Chunk: 107

Company: Generation Essentials Group
Filing Date: 2025-04-11
Form: F-4
Chunk 107
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. •Investors of TGE may not receive the same benefits as an investor in an underwritten public offering. •TGE’s actual financial position and results of operations following the completion of the Business Combination may differ materially from the unaudited pro forma condensed combined financial data included in this proxy statement/prospectus and, accordingly, such information may not be meaningful to your evaluation of the proposed Business Combination. •If Black Spade II were deemed to be an investment company for purposes of the Investment Company Act, Black Spade II would be required to institute burdensome compliance requirements and Black Spade II’s activities would be severely restricted. As a result, in such circumstances, unless Black Spade II is able to modify its activities so that Black Spade II would not be deemed an investment company, Black Spade II would expect to abandon its efforts to complete an initial business combination and instead to liquidate the Company. •Securities of companies formed through SPAC mergers such as Black Spade II may experience a material decline in price relative to the share price of the SPAC prior to the merger. •The proposed Business Combination could disrupt TGE’s relationships with its customers, business partners and others, as well as its operating results and business generally. 55 •Black Spade II’s directors may decide not to enforce the indemnification obligations of the Sponsor, resulting in a reduction in the amount of funds in the Trust Account available for distribution to Black Spade II Public Shareholders. •If Black Spade II is unable to consummate its initial business combination within the Completion Window, Black Spade II Public Shareholders may be forced to wait beyond the ten business day period thereafter before redemption from Black Spade II’s Trust Account. •The Sponsor and Black Spade II’s executive officers and directors have potential conflicts of interest in recommending that shareholders vote in favor of approval of the Business Combination proposal and approval of the other related proposals. Risks Relating to Ownership of Securities of The Generation Essentials Group •Upon completion of the Business Combination, Black Spade II Shareholders will become TGE shareholders, BSII Warrant holders will become holders of TGE Warrants and the market price for the TGE Class A Ordinary Shares and TGE Warrants may be affected by factors different from those that historically have affected Black Spade II. •TGE Warrants will become exercisable for TGE Class A Ordinary Shares, which would increase the number of TGE shares eligible for future resale in the public market and result in dilution to TGE