Company: TGE
Filing Date: 2025-07-10
Form Type: 424B3
Source: 0001213900-25-062835
Chunk: 19

Company: Generation Essentials Group
Filing Date: 2025-07-10
Form: 424B3
Chunk 19
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 Black Spade II 
 was exchanged for a Warrant.                                                                   |

To provide additional consideration to Black Spade II Public Shareholders, The Generation Essentials Group will make a cash payment equal to $1.25 multiplied by the number of BSII Class A Ordinary Shares held by eligible Black Spade II Public Shareholders on the Closing Date immediately before the Merger Effective Time (the “Non-Redemption Payment Amount”). In order to be eligible to receive the Non-Redemption Payment Amount, you must: (a) have been a Black Spade II Public Shareholder on the Closing Date immediately before the Merger Effective Time and as of the date falling 60 days after the Closing, (b) never have elected to exercise a redemption right in respect of BSII Class A Ordinary Shares, and (c) have entered into, and adhered to the terms of, a non-redemption agreement in the form attached hereto as Annex D to the registration statement on Form F-4 we initially filed with the SEC on April 11, 2025 which includes Black Spade II’s proxy statement and our prospectus in relation to the Business Combination, by no later than May 28, 2025. The Non-Redemption Payment Amount will not be paid on any BSII Class A Ordinary Shares that, at any point in time, were BSII Class B Ordinary Shares. This additional cash payment will be made no earlier than 60 days and no later than 90 days after the Closing Date. The Non-Redemption Payment Amount is a free option that is available to all eligible Black Spade II Public Shareholders. Black Spade II Public Shareholders that sign a non-redemption agreement may at any time choose not to adhere to the terms of the agreement without any penalty or liability, but such shareholder will no longer be eligible to receive the Non-Redemption Payment Amount. On the Closing Date, The Generation Essentials Group issued (i) 6,004,126 Class A Ordinary Shares to then holders of Class A ordinary shares of Black Spade II, including 3,825,000 Class A Ordinary Shares issued to the Sponsor Shareholders; 16,220,000 Warrants to then holders of BSII Public Warrants and BSII Private Warrants; and 23,171,033 Class A Ordinary Shares, 19,285,911 Class B Ordinary Shares and 6,343,056 Preferred Shares to then existing shareholders of The Generation Essentials Group. On June 5, 2025, Class