Company: TGE
Filing Date: 2025-05-06
Form Type: F-4/A
Source: 0001213900-25-040058
Chunk: 110

Company: Generation Essentials Group
Filing Date: 2025-05-06
Form: F-4/A
Chunk 110
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 by numerous factors, including market dynamics, evolving digital advertising trends and the evolution of its strategy. •The entertainment industry is highly competitive. •The success of TGE’s entertainment business segment depends on a limited number of film releases each year and unpredictable factors in the motion picture industry. •The production of motion picture is a capital -intensiveprocess, and TGE’s capacity to generate cash or obtain financing on favorable terms may be insufficient to meet its anticipated cash requirements. •TGE is subject to the business, financial and operating risks inherent to the hospitality industry, any of which could reduce its revenues and limit opportunities for growth. •The hospitality market is highly competitive, and TGE may be unable to compete successfully. •TGE owns a limited number of hotels and significant adverse changes at one hotel could have a material adverse effect on its financial performance. Risks Relating to Black Spade II and the Business Combination •Black Spade II may not be able to complete the Proposed Transactions or any other business combination within the prescribed time frame, in which case Black Spade II would cease all operations except for the purpose of winding up and Black Spade II would redeem its Public Shares and thereafter commence a voluntary liquidation, in which case Black Spade II Public Shareholders may receive only $10.00 per share, or less than such amount in certain circumstances, and BSII Warrants will expire worthless. •If the perceived benefits of the Business Combination do not meet the expectations of investors or securities analysts, the market price of Black Spade II’s securities may decline before the Closing, or the market price of TGE’s securities may decline after the Closing. •Black Spade II and TGE will incur significant transaction and transition costs in connection with the Proposed Transactions. •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