Company: TGE
Filing Date: 2025-03-21
Form Type: DRS/A
Source: 0001013762-25-001106
Chunk: 158

Company: Generation Essentials Group
Filing Date: 2025-03-21
Form: DRS/A
Chunk 158
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 per share” and other risk factors herein. 96 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. 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. The market value of the Black Spade II’s securities at the time of the Business Combination may vary significantly from its price on the date the Business Combination Agreement was executed, the date of this proxy statement/prospectus, or the date on which Black Spade II Shareholders vote on the Business Combination. Following the Business Combination, fluctuations in the price of TGE’s securities could contribute to the loss of all or part of your investment. Any of the factors listed below could have a material adverse effect on your investment, and Black Spade II’s securities before the Closing (or TGE’s securities after the Closing) may trade at prices significantly below the price you paid. In such circumstances, the trading price of Black Spade II’s securities before the Closing (or TGE’s securities after the Closing) may not recover and may experience a further decline. Broad market and industry factors may materially harm the market price of TGE’s securities after the Closing, irrespective of TGE’s operating performance. The stock market in general andhave experienced price and volume fluctuations that have often been unrelated or disproportionate to the operating performance of the particular companies affected. The trading prices and valuations of these shares, and of TGE’s securities, may not be predictable. A loss of investor confidence in the market for the shares of other companies, could depress the price of TGE’s securities regardless of its business, prospects, financial conditions or results of operations. A decline in the market price for TGE’s securities also could adversely affect TGE’s ability to issue additional securities and TGE’s ability to obtain additional financing in the future. Black Spade II and TGE will incur significant transaction and transition costs in connection with the Proposed Transactions. Black Spade II and TGE have both incurred and expect to incur significant, non -recurringcosts in connection with consummating the Business Combination, and TGE may also incur significant additional costs to operate as a public company following the consummation of the Business Combination and retain key employees. All expenses incurred in connection with the Business