Company: TGE
Filing Date: 2025-05-06
Form Type: F-4/A
Source: 0001213900-25-040058
Chunk: 228

Company: Generation Essentials Group
Filing Date: 2025-05-06
Form: F-4/A
Chunk 228
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. In this section, “TGE” refers to The Generation Essentials Group Introduction On January 27, 2025, the Business Combination Agreement was entered into, by and among Black Spade II, The Generation Essentials Group (“TGE”)and Merger Sub, pursuant to which, among other transactions, on the terms and subject to the conditions set forth therein, Merger Sub will merge with and into Black Spade II (the “Merger”), with Black Spade II surviving the Merger as a wholly -ownedsubsidiary of TGE. The Business Combination Agreement was approved by the board of directors of each of Black Spade II and TGE. Closing and Effective Time of the Transactions The Closing will take place on the third business day following the satisfaction or waiver of the conditions set forth in the Business Combination Agreement (the “Closing Date”) and summarized below under the subsection titled “— Conditions to Closing of the Transactions,” unless Black Spade II and TGE agree to another time or unless the Business Combination Agreement is terminated pursuant to its terms. Conversion of Securities Pursuant to the Business Combination Agreement, among other things, prior to the effective time of the Merger (the “Merger Effective Time”), TGE will re -designate: •Each ordinary share of TGE (other than non -votingordinary shares) that is not held by AMTD Digital Inc. (“AMTD Digital”) into one Class A ordinary share of TGE (“TGE Class A Ordinary Share”); •Each ordinary share of TGE (other than non -votingordinary shares) that is held by AMTD Digital into one Class B ordinary share of TGE (“TGE Class B Ordinary Share”); and •Each non -votingordinary share of TGE into one non -votingpreferred share of TGE (“TGE Preferred Share”). Pursuant to the Business Combination Agreement, immediately after the completion of the re -designationof shares and immediately prior to the Merger Effective Time, TGE will effect a share consolidation or subdivision such that: •Each TGE Class A Ordinary Share will be consolidated or divided into a number of TGE Class A Ordinary Shares equal to the Adjustment Factor (as defined below); •Each TGE Class B Ordinary Share will be consolidated or divided into a number of TGE Class B Ordinary Shares equal to the Adjustment Factor; and 135 •Each TGE Preferred Share will be consolidated or divided into a number of TGE Preferred Shares equal to the Adjustment Factor (as defined below) (such