Company: TGE
Filing Date: 2025-03-21
Form Type: DRS/A
Source: 0001013762-25-001106
Chunk: 31

Company: Generation Essentials Group
Filing Date: 2025-03-21
Form: DRS/A
Chunk 31
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 by dividing (a) the equity value of TGE (being $488,000,000) by (b) the aggregate number of ordinary shares of TGE issued and outstanding immediately prior to the Recapitalization; “Plan of Merger” means the Plan of Merger, by and among Black Spade II, Merger Sub and TGE, substantially in the form attached hereto as Annex B; “Public Warrants” are to the warrants sold as part of the units in this offering (whether they are purchased in this offering or thereafter in the open market); “Qualified Stock Exchange” means The Nasdaq Stock Market LLC (including the Capital Market, Global Market and/or the Global Select Market) or (if notified by TGE to Black Spade II in accordance with Section 9.13 of the Business Combination Agreement) the New York Stock Exchange, as applicable; “Recapitalization” means the recapitalization of the share capital of The Generation Essentials Group immediately following the Re -Designationand immediately prior to the Merger Effective Time by way of a share consolidation or subdivision such that (i) each pre -RecapitalizationTGE Class A Ordinary Share will be consolidated or divided into a number of TGE Class A Ordinary Shares, (ii) each pre -CapitalizationTGE Class B Ordinary Share will be consolidated or divided into a number of TGE Class B Ordinary Shares, and (iii) each pre -RecapitalizationTGE Preferred Share will be consolidated or divided into a number of TGE Preferred Shares, in each case, equal to the Adjustment Factor; “Redeeming BSII Shares” means the BSII Shares in respect of which the eligible holder thereof has validly exercised such holder’s redemption right; “Re -Designation” means the re -designationof the share capital of The Generation Essentials Group immediately prior to the Recapitalization as follows: (A) each TGE Ordinary Share (other than non -votingordinary shares) not held by AMTD Digital shall be re -designatedand re -classifiedinto one TGE Class A Ordinary Share, where each TGE Class A Ordinary Share shall entitle its holder to one vote on all matters subject to vote at general meetings of The Generation Essentials Group; (B) each TGE Ordinary Share (other than non -votingordinary shares) held by AMTD Digital shall be re -designatedand re -classifiedinto one TGE Class B Ordinary Share, where each TGE Class B Ordinary Share shall ent