Company: TGE
Filing Date: 2025-04-25
Form Type: F-4/A
Source: 0001213900-25-035536
Chunk: 224

Company: Generation Essentials Group
Filing Date: 2025-04-25
Form: F-4/A
Chunk 224
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II Share will be converted into one TGE Class A Ordinary share, subject to adjustment described herein. •If Black Spade II is unable to complete a business combination within the required time period, the Sponsor will be liable to ensure that the proceeds in the Trust Account are not reduced by the claims of target businesses or claims of vendors or other entities that are owed money by Black Spade II for 130 services rendered or contracted for or for products sold to Black Spade II, but only if such a vendor or target business has not executed a waiver. If Black Spade II consummates a business combination, on the other hand, Black Spade II will be liable for all such claims. •the Sponsor, the Sponsor Related Parties and certain of the Sponsor’s and its affiliates’ directors, officers and employees own an aggregate of 3,825,000 BSII Class B Ordinary Shares and 11,120,000 Private Placement Warrants, which shares and warrants were originally acquired by the Sponsor for an aggregate investment of $5,585,000 at the time of Black Spade II’s formation and Black Spade II’s IPO and would become worthless if Black Spade II does not complete a business combination by the required time period, as such shareholders have waived any redemption right with respect to those shares and the Private Placement Warrants would expire worthless. After giving effect to the Business Combination, the Sponsor and certain of the Sponsor’s and its affiliates’ directors, officers and employees would own up to an aggregate of TGE Class A Ordinary Shares and TGE Warrants. Such shares have an aggregate market value of approximately $ , based on the Closing Price of BSII II Class A Ordinary Shares of $ on Nasdaq on , 2025. •Under the Business Combination Agreement, upon the Closing, the Sponsor will be entitled to receive a transaction bonus in the amount of $5,560,000. 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. •The Sponsor will benefit from the completion of a business combination and may be incentivized to complete an acquisition of a less favorable target company or on terms less favorable to shareholders rather than liquidate. •Certain of Black Spade II’s directors and officers also hold direct or indirect minority membership interests in the Sponsor. For details, see “Information About Black Spade II — Our Sponsor