Company: TGE
Filing Date: 2025-04-11
Form Type: F-4
Source: 0001213900-25-031177
Chunk: 245

Company: Generation Essentials Group
Filing Date: 2025-04-11
Form: F-4
Chunk 245
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ing a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or assets. The proposed Business Combination was the result of an extensive search for potential transactions utilizing Black Spade II’s global network and the investing, operating and transaction experience of Black Spade II’s management team and advisors and the Black Spade II Board. The 146 terms of the Business Combination Agreement were the result of extensive arm’s length negotiations among Black Spade II, TGE and their respective representations. The following chronology does not purport to catalog every conversation among the parties to the Business Combination Agreement or their representatives. On August 29, 2024, Black Spade II closed its initial public offering of 15,000,000 Units, with each Unit consisting of one BSII Class A Ordinary Share and one -thirdof one BSII Public Warrant, with each whole BSII Public Warrant exercisable for one BSII Class A Ordinary Share at a price of $11.50 per share. The Units from the Black Spade II’s IPO (including the over -allotmentoption) were sold at an offering price of $10.00 per Unit, generating total gross proceeds of $150,000,000. Simultaneously with the consummation of the Black Spade II’s IPO, Black Spade II consummated the private sale of an aggregate of 11,000,000 Private Placement Warrants to its Initial Shareholders, in each case at $0.50 per Private Placement Warrant for an aggregate purchase price of $5,500,000. On September 26, 2024, the underwriters purchased an additional 300,000 option Units pursuant to the partial exercise of the over -allotmentoption. The option Units were sold at an offering price of $10.00 per Unit, generating additional gross proceeds of $3,000,000. Also, in connection with the partial exercise of the over -allotmentoption, the Sponsor purchased an additional 120,000 Private Placement Warrants at a purchase price of $0.50 per warrant, generating additional gross proceeds to Black Spade II of $60,000. A total of $153,000,000 was deposited into the Trust Account and the remaining proceeds became available to be used as working capital to provide for business, legal and accounting due diligence on prospective business combinations and continuing general and administrative expenses. Black Spade II’s IPO was conducted pursuant to a registration statement on