Company: TGE
Filing Date: 2025-03-21
Form Type: DRS/A
Source: 0001013762-25-001106
Chunk: 36

Company: Generation Essentials Group
Filing Date: 2025-03-21
Form: DRS/A
Chunk 36
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 per unit, generating additional gross proceeds to the Company of $3,000,000. In connection with the partial exercise of the over -allotmentoption, the Sponsor purchased an additional 120,000 Private Placement Warrants at a purchase price of $0.50 per Private Placement Warrant, generating additional gross proceeds of $60,000. Since Black Spade II’s IPO, Black Spade II’s activity has been limited to the evaluation of business combination candidates. Black Spade II is permitted to choose a target business in any business or industry (with a focus on the enabling technology, lifestyle brands, products, or services and entertainment media sectors) that it felt would provide its shareholders with the greatest opportunity to participate in a company with significant growth potential. Accordingly, it regularly analyzed investment opportunities that were in various sectors and regions (with a focus on the enabling technology, lifestyle brands, products, or services and entertainment media sectors) in an effort to locate the best potential business combination opportunity for its shareholders. TGE operates in the media and entertainment industry. Based on its due diligence investigations on TGE and the industry in which TGE operates, including the financial and other information provided by TGE in the course of the parties’ negotiations, Black Spade II believes that a business combination with TGE will provide its shareholders with an opportunity to participate in a company with significant growth potential. Although the Black Spade II Board believes that the Business Combination with TGE is in the best interests of Black Spade II and its shareholders, the Black Spade II Board did consider certain potential risks in arriving at that conclusion. See the section titled “Proposal One — The Business Combination Proposal — The Black Spade II Board’s Reasons for Approval of the Proposed Transactions.” Q:What positive and negative factors did the Black Spade II Board consider when determining whether or not to proceed with the Business Combination? A:In evaluating the Proposed Transactions and making the above determinations and its recommendation, the Black Spade II Board consulted with its advisors and its management and considered a number of factors, including, but not limited to, the factors discussed below. In light of the wide number and complexity of the factors considered in connection with its evaluation of the Proposed Transactions, the Black Spade II Board did not consider it practicable to, and did not attempt to, quantify or otherwise assign relative weights to the specific factors that it considered in reaching its determination and supporting its decision. The Black Spade II Board viewed its decision as being based on all of the information available