Company: TGE
Filing Date: 2025-04-11
Form Type: F-4
Source: 0001213900-25-031177
Chunk: 79

Company: Generation Essentials Group
Filing Date: 2025-04-11
Form: F-4
Chunk 79
---
        19.9 |     |        19.9 |   |
| Cash to Balance Sheet(3)         |     |            136.1 |     |        58.1 |     |       (14.9 | ) |
| Non-Redemption Payment Amount(4) |     |             19.1 |     |         9.6 |     |         0.6 |   |

____________ Notes: (1)As Based on Trust Account balance as of December 31, 2024. (2)Includes a transaction bonus of $5,560,000 to be paid to the Sponsor. Such amount will be deducted from the Trust Account, to the extent there remain any funds in the Trust Account after application of the funds in the Trust Account to satisfy any Black Spade II Shareholder Redemptions, and any shortfall will be paid by TGE. (3)TGE plans to use the net proceeds from the business combination transaction after paying for transaction fees and expenses for: a.continued adoption of the direct ownership model for L’Officiel and The Art Newspaper; b.support for our business expansion and growth through acquisition of media platforms and global premium properties although we do not have any fixed plans currently; and c.general working capital purposes. (4)This additional cash payment will be made no earlier thandays after the Closing Date. TGE expects to fund the Non -RedemptionPayment Amount using available cash, including any remaining proceeds from the completion of the Business Combination. Agreements Entered into in Connection with Business Combination Agreement Shareholders Support and Lock-Up Agreement and Deed On January 27, 2025, concurrently with the execution of the Business Combination Agreement, Black Spade II, The Generation Essentials Group and the TGE Shareholders entered into a shareholder support and lock -upagreement and deed (the “TGE Shareholders Support Agreement”), pursuant to which each TGE Shareholder agreed to, among other things, (i) attend any The Generation Essentials Group shareholder meeting to establish a quorum for the purpose of approving the Business Combination, and (ii) vote the Pre -RecapitalizationTGE Shares and any other The Generation Essentials Group securities acquired by such TGE Shareholder in favor of approving the transactions contemplated by the Business Combination Agreement and the Ancillary Agreements. In addition, pursuant to the TGE Shareholders Support Agreement, each of AMTD Digital, AMTD IDEA Group and AMTD Group Inc. (each, a “