Company: TGE
Filing Date: 2025-04-25
Form Type: F-4/A
Source: 0001213900-25-035536
Chunk: 250

Company: Generation Essentials Group
Filing Date: 2025-04-25
Form: F-4/A
Chunk 250
---
 partial exercise of the over -allotmentoption, the Sponsor purchased an additional 120,000 Private Placement Warrants at a purchase price of $0.50 per warrant, generating additional gross proceeds to Black Spade II of $60,000. A total of $153,000,000 was deposited into the Trust Account and the remaining proceeds became available to be used as working capital to provide for business, legal and accounting due diligence on prospective business combinations and continuing general and administrative expenses. Black Spade II’s IPO was conducted pursuant to a registration statement on Form S -1(Reg. No. 333 -280385) that became effective on August 23, 2024. For illustrative purposes, as of , 2025, there was approximately $ held in the Trust Account. Prior to the consummation of Black Spade II’s IPO, neither Black Spade II, nor anyone on its behalf, engaged in any substantive discussions, directly or indirectly, with any potential target with respect to an initial business combination with Black Spade II. Promptly following its consummation of Black Spade II’s IPO, Black Spade II commenced an active search and consideration of potential target businesses. Black Spade II sought out potential target businesses based on internal research and through the networks of relationships of its management, board of directors and with professional service providers (lawyers, accountants, consultants, finders and investment bankers). Black Spade II educated these parties on its structure as a special purpose acquisition and its criteria for an acquisition. Black Spade II also responded to inquiries from investment bankers or other similar professionals who represented companies engaged in a sale or financing process. On a regular basis, Black Spade II’s directors were updated with respect to the status of the business combination search. Input received from Black Spade II’s directors was material to management’s evaluation of a potential business combination. From the closing of Black Spade II’s IPO through the signing of the Business Combination Agreement with TGE on January 27, 2025, representatives of Black Spade II contacted and were contacted by a number of individuals and entities with respect to business combination opportunities and engaged in discussions with several possible target businesses in various sectors including. Black Spade II discussed with those parties its general, nonexclusive criteria and guidelines that it believed were important in evaluating potential targets for the initial business combination, including: •compatibility with Black Spade II’s target sectors and uniqueness of target business; •large total addressable market and strong growth potential;