Company: TGE
Filing Date: 2025-03-21
Form Type: DRS/A
Source: 0001013762-25-001106
Chunk: 278

Company: Generation Essentials Group
Filing Date: 2025-03-21
Form: DRS/A
Chunk 278
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 and increasing its manufacturing capacities with a focus on key markets across North America, Europe and Asia. Despite the complexity of the business combination transaction and a substantial valuation, the 91 -daytransaction timeline from date of announcement to shareholders’ approval highlights the premier speed of execution. The business combination between VinFast and BSAQ is the third largest ever de -SPACby deal value (based on Dealogic data available through April 2024) and saw strong price performance post listing, with average closing prices of $23.88 and $3.79, intraday highs of $93.00 and $10.00, peak day close prices of $82.35 and $7.89 and average daily trading volume of 6.15 million and 1.42 million for VinFast’s ordinary shares and warrants, respectively, in the eight weeks after VinFast began trading on Nasdaq. As of , 2025, the last reported sale price of VinFast’s ordinary shares and warrants as reported on Nasdaq was $ per ordinary share and $ per warrant, respectively. VinFast is listed on Nasdaq under the ticker symbol “VFS”. Our Sponsor Black Spade II’s sponsor is Black Spade Sponsor LLC II, a limited liability company registered under the laws of the Cayman Islands. Black Spade II is the second special purpose acquisition company of Black Spade Capital and Black Spade’s management team. Black Spade Capital is the private investment arm of Mr.Lawrence Ho. The Sponsor currently holds 3,266,217shares of BSII Class B Ordinary Shares and 11,120,000 Private Placement Warrants, acquired for an aggregate investment of $5,560,000 at the time of Black Spade II’s IPO. Black Spade Acquisition Holding Inc. (“BSAH”) holds 80.0% of the outstanding membership interest in the Sponsor. BSAH is indirectly 75.0% owned by Black Spade Capital Limited, which in turn is held by companies owned by a trust associated with Mr.Lawrence Ho, indirectly 20.0% owned by Mr.Dennis Tam and indirectly 5.0% owned by Mr.Samuel Tsang. The remaining membership interests in the Sponsor are held by certain of Black Spade II’s directors and officers, namely Mssrs. Kester Ng (7.0%), Richard Taylor (7.0%), Russell Galbut (5%) and Sammy Hsieh (1%). The Sponsor has no ongoing business and was established