Company: TGE
Filing Date: 2025-05-06
Form Type: F-4/A
Source: 0001213900-25-040058
Chunk: 95

Company: Generation Essentials Group
Filing Date: 2025-05-06
Form: F-4/A
Chunk 95
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. Black Spade II’s issued and outstanding BSII Warrants do not have voting rights at the Meeting. 46 Quorum and Vote Required for the Black Spade II Proposals A quorum will be present at the Meeting if a majority of the BSII Shares outstanding and entitled to vote at the Meeting is represented in person or by proxy. The approval of each of the Business Combination Proposal and the Adjournment Proposal requires an ordinary resolution under Cayman Islands law and pursuant to the Black Spade II Articles, being the affirmative vote of shareholders holding a majority of the BSII Shares which, being so entitled, are voted on such resolutions in person or by proxy at the Meeting at which a quorum is present. The approval of the Merger Proposal requires a special resolution under Cayman Islands law and pursuant to the Black Spade II Articles, being the affirmative vote of shareholders holding at least two thirds of the BSII Shares which, being so entitled, are voted on such resolution in person or by proxy at the Meeting at which a quorum is present. Pursuant to the Business Combination Agreement, the Business Combination is conditioned upon the approval of holders of the requisite number of outstanding BSII Shares entitled to vote, whether in person or by proxy, at the Meeting. In accordance with the Sponsor Support Agreement entered into concurrently with the execution of the Business Combination Agreement, holders of 3,825,000shares of BSII Class A Ordinary Shares (or 20% of the outstanding shares of BSII Shares as of December 31, 2024) have agreed to vote in favor of each of the proposals, subject to certain customary conditions. For more information about these proposals, see the section entitled “ Quorum and Vote Required for the Black Spade II Proposals.” Recommendation to Black Spade II Shareholders The Black Spade II Board believes that the Business Combination Proposal and the other Proposals to be presented at the Meeting are fair to and in the best interest of Black Spade II Shareholders and unanimously recommends that its shareholders vote “FOR” the Business Combination Proposal, “FOR” the Merger Proposal and, if presented, “FOR” the Adjournment Proposal. The Black Spade II Board’s Reasons for Approval of the Proposed Transaction In evaluating the Proposed Transactions and making the above determinations and its recommendation, the Black Spade II Board consulted with its advisors and its management and considered a number of factors, including, but not limited to, the factors discussed below. In light of the wide number and complexity of the factors