Company: TGE
Filing Date: 2025-04-11
Form Type: F-4
Source: 0001213900-25-031177
Chunk: 405

Company: Generation Essentials Group
Filing Date: 2025-04-11
Form: F-4
Chunk 405
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II Warrant will be decreased in proportion to such decrease in outstanding BSII Public Shares. Whenever the number of BSII Public Shares purchasable upon the exercise of the BSII Warrants is adjusted, as described above, the BSII Warrant exercise price will be adjusted by multiplying the BSII Warrant exercise price immediately prior to such adjustment by a fraction (x) the numerator of which will be the number of BSII Public Shares purchasable upon the exercise of the BSII Warrants immediately prior to such adjustment and (y) the denominator of which will be the number of BSII Public Shares so purchasable immediately thereafter. In addition, if (x) Black Spade II issues additional BSII Public Shares or equity -linkedsecurities for capital raising purposes in connection with the closing of the initial business combination at an issue price or effective issue price of less than $9.50 per ordinary share (with such issue price or effective issue price to be determined in good faith by the Black Spade II Board and, in the case of any such issuance to the Sponsor or its affiliates, without taking into account any founder shares held by the Sponsor or such affiliates, as applicable, prior to such issuance) (the “Newly Issued Price”), (y) the aggregate gross proceeds from such issuances represent more than 60% of the total equity proceeds, and interest thereon, available for the funding of the initial business combination on the date of the consummation of the initial business combination (net of redemptions), and (z) the volume weighted average trading price of the BSII Public Shares during the 20 trading day period starting on the trading day prior to the day on which Black Spade II consummates its initial business combination (such price, the “Market Value”) is below $9.50 per share, the exercise price of the BSII Warrants will be adjusted (to the nearest cent) to be equal to 115% of the higher of the Market Value and the Newly Issued Price, the $18.00 per share redemption trigger price described above under “— Redemption of BSII Warrants when the price per BSII Public Share equals or exceeds $18.00” will be adjusted (to the nearest cent) to be equal to 180% of the higher of the Market Value and the Newly Issued Price. In case of any reclassification or reorganization of the outstanding BSII Public Shares (other than those described above or that solely affects the par value of such BSII