Company: TGE
Filing Date: 2025-05-06
Form Type: F-4/A
Source: 0001213900-25-040058
Chunk: 63

Company: Generation Essentials Group
Filing Date: 2025-05-06
Form: F-4/A
Chunk 63
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s to exercise appraisal rights under Section 238 of the Cayman Islands Companies Act will lose their right to have their Public Shares redeemed in accordance with the Black Spade II Articles. The certainty provided by the redemption process may be preferable for holders of Public Shares wishing to exchange their Public Shares for cash. This is because such appraisal rights are likely to be lost and extinguished, including where Black Spade II and the other parties to the Business Combination Agreement determine to delay the consummation of the Business Combination in order to invoke the limitation on dissenter rights under Section 239 of the Cayman Islands Companies Act, in which case any holder of Public Shares who had sought to exercise appraisal rights would only be entitled to receive the merger consideration comprising one TGE ordinary share for each of their Public Shares (subject to adjustment as set out herein). See the section titled “Proposal Two — The Merger Proposal — Appraisal Rights under the Cayman Islands Companies Act” for additional information. Q:What will happen to my BSII Ordinary Shares as a result of the Business Combination? A:If the Business Combination is completed, each Eligible BSII Share will become one TGE Class A Ordinary Share, subject to adjustment as set out herein. 25 Q:What happens to the funds deposited in the Trust Account after consummation of the Business Combination? A:Of the net proceeds of Black Spade II’s IPO (including underwriters’ exercise of over -allotmentoption) and simultaneous sale of Private Placement Warrants, a total of $153,000,000 was placed in the Trust Account immediately following Black Spade II’s IPO and the exercise of the over -allotmentoption. After consummation of the Business Combination, the funds in the Trust Account will be used by Black Spade II to pay holders of the BSII Public Shares who exercise redemption rights, to pay fees and expenses incurred in connection with the Business Combination with TGE and to repay any loans owed by Black Spade II to Sponsor. Any remaining funds will be paid to TGE (or as otherwise designated in writing by TGE to Black Spade II prior to the Closing) and used for working capital and general corporate purposes of TGE. Q:What happens if a substantial number of Public Shareholders vote in favor of the Business Combination Proposal and exercise their redemption rights? A:The Black Spade II Public Shareholders may vote in favor of the Business Combination and still exercise their redemption rights, although they are not required to vote in any way to exercise