Company: TGE
Filing Date: 2025-02-19
Form Type: DRS
Source: 0001213900-25-015012
Chunk: 10

Company: Generation Essentials Group
Filing Date: 2025-02-19
Form: DRS
Chunk 10
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)aWME Ordinary Shares representing Earnout Shares that will be issuable if the relevant triggering events described herein occur; (c)aWME Class A Ordinary Shares that will be available for issuance under aWME’s incentive award plan immediately following the completion of the Business Combination. After the completion of the Business Combination, AMTD Digital, AMTD IDEA Group, AMTD Group Inc. and each of their affiliates (together, the “AMTD Entities”) will continue to control a majority of the voting power for the election of directors. Depending on the number of aWME Class A Ordinary Shares that are redeemed in connection with the Business Combination, we anticipate that AMTD Entities will own approximately% to% of the outstanding ordinary shares of World Media and Entertainment Universal Inc. (without taking into account the dilutive impact of additional dilution described above and elsewhere in this proxy statement/prospectus). As a result, World Media and Entertainment Universal Inc. will be a “controlled company” within the meaning of the rules of and may elect not to comply with certain corporate governance standards. For more information, please see the sections entitled “ Unaudited Pro Forma Condensed Combined Financial Information”and “Beneficial Ownership of Securities — World Media and Entertainment Universal Inc.” Compensation Received by the Sponsor and its Affiliates Black Spade II’s sponsor is Black Spade Sponsor LLC II (the “Sponsor”), a limited liability company registered under the laws of the Cayman Islands. On August 20, 2024, the Sponsor transferred a total of 630,000 Founder Shares to directors, officers and certain employees of Sponsor’s affiliates, at a price of $0.006 per share. The Sponsor currently holds 3,266,217 Founder Shares and 11,120,000 Private Placement Warrants. Upon the completion of the Business Combination, the Sponsor and its affiliates will hold a total ofaWME Class A Ordinary Shares andaWME Warrants. The retention of shares by Sponsor and its affiliates will not result in a material dilution of the equity interests of non -redeemingBlack Spade II Shareholders. For more information, please see the sections entitled “Unaudited Pro Forma Condensed Combined Financial Information” and “Beneficial Ownership of Securities — World Media and Entertainment Universal Inc.” Under the Business Combination Agreement, upon Closing, the Sponsor will be entitled to receive a transaction bonus in the amount of $5,560,000. Such amount will be deducted from the Trust Account, to the extent there remain any