Company: TGE
Filing Date: 2025-02-19
Form Type: DRS
Source: 0001213900-25-015012
Chunk: 188

Company: Generation Essentials Group
Filing Date: 2025-02-19
Form: DRS
Chunk 188
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 consent of at least 50% of the then outstanding public warrants and private placement warrants is unlimited, examples of such amendments could be amendments to, among other things, increase the exercise price of the warrants, convert the warrants into cash or shares, shorten the exercise period or decrease the number of BSII Class A Ordinary Shares purchasable upon exercise of a warrant. Upon the release of the restrictions in the Lock-Up Agreements, additional resales of aWME Ordinary Share from the shareholders that were subject to the lock-up restrictions could cause the market price of aWME Ordinary Share to drop significantly, even if aWME’s business is doing well. Pursuant to the aWME Shareholders Support Agreement, each of AMTD Digital, AMTD IDEA Group and AMTD Group Inc. (each, a “Lock -UpObligor”) agreed not to transfer or sell, during a period of three (3) years from and after the Closing Date, subject to customary exceptions, any aWME Ordinary Shares or other equity securities of aWME held by such Lock -UpObligor immediately after the Closing (including the Earnout Shares), excluding (i) any aWME Ordinary Shares acquired in open market transactions after the Closing, (ii) any aWME Ordinary Shares received by such Lock -UpObligor upon the exercise, conversion or settlement of options or warrants held by such Lock -UpObligor immediately after Closing (along with such options or warrants themselves), and (iii) any aWME equity securities issued or issuable with respect to any securities referenced in clauses (i) through (ii) by way of share dividend or share split or in connection with a recapitalization, merger, consolidation, spin -off, reorganization or similar transaction. Sales of a substantial number of such shares upon expiration of the lock -upagreements, the perception that such sales may occur, or early release of restrictions in the lock -upagreements, could cause the market price of aWME Ordinary Share to fall or make it more difficult for you to sell your aWME Ordinary Share at a time and price that you deem appropriate. In addition, promptly following the completion of the Business Combination, aWME intends to file one or more registration statements registering the issuance of additional aWME Class A Ordinary Shares under aWME’s incentive award plan. Shares registered under these registration statements will be available for sale in the public market subject to vesting arrangements and exercise of options and, in the