Company: TGE
Filing Date: 2025-06-24
Form Type: F-1
Source: 0001213900-25-057225
Chunk: 234

Company: Generation Essentials Group
Filing Date: 2025-06-24
Form: F-1
Chunk 234
---
. There
is no assurance that the Company will be able to complete a Business Combination successfully.

The Company must complete one or more initial Business
Combinations with one or more operating businesses or assets with a fair market value equal to at least 80% of the net assets held in
the Trust Account (as defined below) (excluding the deferred underwriting commissions on the Trust Account). The Company will only complete
a Business Combination if the post-transaction company owns or acquires 50% or more of the outstanding voting securities of the target
or otherwise acquires a controlling interest in the target business sufficient for it not to be required to register as an investment
company under the Investment Company Act of 1940, as amended (the “Investment Company Act”).

Following the closing of the Initial Public Offering,
on August 29, 2024, and the partial over-allotment close on September 26, 2024, an amount of $153,000,000 ($10.00 per Unit)
from the net proceeds of the sale of the Units and the sale of the Private Placement Warrants was placed in the trust account (the
“Trust Account”), located in the United States and invested only in U.S. government
securities, within the meaning set forth in Section 2(a)(16) of the Investment Company Act, with a maturity of 185 days or less
or in any money market fund selected by the Company meeting certain conditions of Rule 2a-7 of the Investment Company Act and/or
held as cash or cash items (including in demand deposit accounts), as determined by the Company, until the earlier of (i) the completion
of a Business Combination and (ii) the distribution of the funds held in the Trust Account, as described below.

<div align='center'>F-7

BLACK SPADE ACQUISITION II CO
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2024</div>

NOTE 1 — DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS (cont.)

The Company will provide the holders of the outstanding
Public Shares (the “Public Shareholders”) with the opportunity to redeem all or a portion of their Public Shares either (i) in
connection with a shareholder meeting called to approve the Business Combination or (ii) by means of a tender offer in connection
with the Business Combination. The decision as to whether the Company will seek shareholder approval of a Business Combination or conduct
a tender offer will be