Company: TGE
Filing Date: 2025-04-25
Form Type: F-4/A
Source: 0001213900-25-035536
Chunk: 249

Company: Generation Essentials Group
Filing Date: 2025-04-25
Form: F-4/A
Chunk 249
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 carry no right other than the right to receive the payment of the fair value of such BSII Dissenting Share determined in accordance with Section 238 of the Cayman Islands Companies Act; and •Each issued and outstanding warrant of Black Spade II exercisable for shares of Black Spade II will be exchanged for a corresponding warrant exercisable for TGE Class A Ordinary Shares (“TGE Warrants”). Background of the Business Combination Black Spade II is a blank check company incorporated in the Cayman Islands on May 9, 2024 for the purpose of effecting 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