Company: TGE
Filing Date: 2025-02-19
Form Type: DRS
Source: 0001213900-25-015012
Chunk: 105

Company: Generation Essentials Group
Filing Date: 2025-02-19
Form: DRS
Chunk 105
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 II Shareholders under the terms of the Business Combination Agreement. This is subject to the qualification that (1) Cayman Islands stamp duty may be payable if any original transaction documents, including the merger agreement, are brought to or executed in the Cayman Islands; and (2) registration fees will be payable to the Registrar of Companies of the Cayman Islands to register the Plan of Merger. Regulatory Matters The Business Combination is not subject to any federal or state regulatory requirement or approval, except for filings in the Cayman Islands necessary to effectuate the Business Combination. Anticipated Accounting Treatment World Media and Entertainment Universal Inc. has determined that it is the accounting acquirer based on its evaluation of the facts and circumstances of the acquisition. The purpose of the merger was to assist World Media and Entertainment Universal Inc. with the refinancing and recapitalization of its business. World Media and Entertainment Universal Inc. is the larger of the two entities and is the operating company within the combining companies. World Media and Entertainment Universal Inc. will have control of the board after the Merger. World Media and Entertainment Universal Inc.’s senior management will be continuing as senior management of the combined company. In addition, a larger portion of the voting rights in the combined entity will be held by existing World Media and Entertainment Universal Inc.’s shareholders. As World Media and Entertainment Universal Inc. was determined to be the acquirer for accounting purposes, the accounting for the transaction will be similar to that of a capital infusion as the only significant pre -combinationasset of Black Spade II is the cash in the Trust Account. No intangibles or goodwill will arise through the accounting for the transaction. The accounting is the equivalent of World Media and Entertainment Universal Inc. issuing shares and warrants for the net monetary assets of Black Spade II. For more information, see the section entitled “ Proposal One — The Business Combination Proposal — Anticipated Accounting Treatment.” Summary of Risk Factors In evaluating the Business Combination and the proposals to be considered and voted on at the Meeting of Black Spade II Shareholders, you should carefully read this proxy statement/prospectus, including the annexes, and especially review and consider the factors discussed in the section entitled “ Risk Factors.” Some of the risks related to aWME’s businesses and industries, Black Spade II, and the Business Combination are summarized below. Risks Relating to aWME’s Businesses and Industries •aWME faces significant competition in all aspects of its business. •aWME’s success depends on its ability to anticipate