Company: TGE
Filing Date: 2025-02-19
Form Type: DRS
Source: 0001213900-25-015012
Chunk: 406

Company: Generation Essentials Group
Filing Date: 2025-02-19
Form: DRS
Chunk 406
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 “Market Value”) is below $9.50 per share, the exercise price of the BSII Warrants will be adjusted (to the nearest cent) to be equal to 115% of the higher of the Market Value and the Newly Issued Price, the $18.00 per share redemption trigger price described above under “— Redemption of BSII Warrants when the price per BSII Public Share equals or exceeds $18.00” will be adjusted (to the nearest cent) to be equal to 180% of the higher of the Market Value and the Newly Issued Price. In case of any reclassification or reorganization of the outstanding BSII Public Shares (other than those described above or that solely affects the par value of such BSII Public Shares), or in the case of any merger or consolidation of Black Spade II with or into another corporation (other than a consolidation or merger in which Black Spade II is the continuing corporation and that does not result in any reclassification or reorganization of the outstanding BSII Public Shares), or in the case of any sale or conveyance to another corporation or entity of the assets or other property of Black Spade II as an entirety or substantially as an entirety in connection with which Black Spade II is dissolved, the holders of the BSII Warrants will thereafter have the right to purchase and receive, upon the basis and upon the terms and conditions specified in the BSII Warrants and in lieu of the BSII Public Shares immediately theretofore purchasable and receivable upon the exercise of the rights represented thereby, the kind and amount of BSII Public Shares or other securities or property (including cash) receivable upon such reclassification, reorganization, merger or consolidation, or upon a dissolution following any such sale or transfer, that the holder of the BSII Warrants would have received if such holder had exercised their BSII Warrants immediately prior to such event. However, if such holders were entitled to exercise a right of election as to the kind or amount of securities, cash or other assets receivable upon such consolidation or merger, then the kind and amount of securities, cash or other assets for which each BSII Warrant will become exercisable will be deemed to be the weighted average of the kind and amount received per share by such holders in such consolidation or merger that affirmatively make such election, and if a tender, exchange or redemption offer has been made to and accepted by such holders (other than a tender, exchange or redemption offer made by the company in connection