Company: TGE
Filing Date: 2025-05-06
Form Type: F-4/A
Source: 0001213900-25-040058
Chunk: 109

Company: Generation Essentials Group
Filing Date: 2025-05-06
Form: F-4/A
Chunk 109
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 control of the board after the Merger. The Generation Essentials Group’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 The Generation Essentials Group’s shareholders. As The Generation Essentials Group 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 The Generation Essentials Group 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 TGE’s businesses and industries, Black Spade II, and the Business Combination are summarized below. Risks Relating to TGE’s Businesses and Industries •TGE faces significant competition in all aspects of its business. •TGE’s success depends on its ability to anticipate trends and respond to changing customer preferences for fashion, arts and entertainment content and for lodging, which impact demand for its content, products and services and the profitability of its businesses. •TGE’s brands and reputation are its key assets. Negative perceptions or publicity of TGE or its brands could adversely affect its business, financial condition and results of operations. •TGE’s business and financial results may be adversely impacted by economic, market, geopolitical and public health conditions or other events causing significant disruption. •TGE faces numerous risks and challenges as it continues to operate and expand its businesses and undertake new businesses across a broad spectrum of industries, which makes it difficult to effectively assess its future prospects. 55 •The media industry is highly competitive, and TGE may be unable to compete successfully with its current or future competitors. •TGE’s ability to grow the size and profitability of its audience base for its print publications and digital media services depends on many factors, both within and beyond its control, and a failure to do so could adversely affect its results of operations and business. •TGE’s advertising revenues are affected