Company: TGE
Filing Date: 2025-04-11
Form Type: F-4
Source: 0001213900-25-031177
Chunk: 185

Company: Generation Essentials Group
Filing Date: 2025-04-11
Form: F-4
Chunk 185
---
II Class A Ordinary Shares for TGE Ordinary Shares pursuant to the merger unless such U.S. Holder makes (or has made) certain elections discussed further below under “Tax Considerations — U.S. Federal Income Tax Considerations — Effects of the Business Combination — Consequences to BSII Shareholders if the Merger is Treated as a reorganization.” The tax on any such gain would be imposed at the rate applicable to ordinary income and an interest charge would apply based on a complex set of rules. It is difficult to predict whether such proposed Treasury regulations will be finalized and whether, in what form, and with what effective date, the final Treasury Regulations under Section 1291(f) of the Code may be adopted. Further, it is not clear whether any such regulations would apply to the Black Spade II Warrants. If Section 1291(f) were to apply to the Black Spade II Warrants, even if the merger were to qualify as a reorganization, then a U.S. Holder may recognize gain that is subject to the PFIC rules described above upon an exchange of Black Spade II Warrants for TGE Warrants. For a more complete discussion of the potential application of the PFIC rules to U.S. Holders as a result of the merger, see the section titled “Tax Considerations — U.S. Federal Income Tax Considerations — Effects of the Business Combination — Consequences if the Business Combination is Treated as a Reorganization.” U.S. Holders of Black Spade II Securities are urged to consult their own tax advisors to determine the tax consequences of the Business Combination. We may redeem your unexpired warrants prior to their exercise at a time that is disadvantageous to you, thereby making your warrants worthless. We have the ability to redeem outstanding warrants (except as described herein with respect to the Private Placement Warrants) at any time after they become exercisable and prior to their expiration, in whole and not in part, at a price of $0.01 per warrant, upon a minimum of 30 days’ prior written notice of redemption, if and only if the last reported sales price of the BSII Class A Ordinary Shares for any 20 trading days within a 30 - trading-dayperiod ending on the third trading day prior to the date on which we send the notice of redemption to the warrant holders equals or exceeds $18.00 per share (as adjusted for share sub -divisions, share capitalizations, reorganizations, recapitalizations and the like and for certain issuances of