Company: TGE
Filing Date: 2025-04-25
Form Type: F-4/A
Source: 0001213900-25-035536
Chunk: 102

Company: Generation Essentials Group
Filing Date: 2025-04-25
Form: F-4/A
Chunk 102
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 of Black Spade II may have interests in the Proposed Transactions as individuals that are different from, or in addition to, those of other shareholders and Warrant holders generally (see below “ Summary — Interests of Black Spade II Directors and Officers in the Business Combination”). Black Spade II’s independent directors reviewed and considered these interests during their evaluation of the Proposed Transactions and in unanimously approving, as members of the Black Spade II Board, the Business Combination Agreement and the transactions contemplated therein, including the Proposed Transactions. The Black Spade II Board concluded that the potential benefits that it expected Black Spade II and its shareholders to achieve as a result of the Proposed Transactions outweighed the potentially negative factors associated with the Proposed Transactions. Accordingly, the Black Spade II Board unanimously determined that the Business Combination Agreement and the transactions contemplated thereby, including the Proposed Transactions, were advisable and fair to, and in the best interests of, Black Spade II and its shareholders. Interests of Black Spade II Directors and Officers in the Business Combination When considering the Black Spade II Board’s recommendation that Black Spade II Shareholders vote in favor of the approval of the Business Combination Proposal and the other proposals presented for shareholders’ approval in this proxy statement/prospectus, Black Spade II Shareholders should be aware that the Sponsor and certain of Black Spade II’s executive officers and directors have interests in the Business Combination that may be different from or in addition to (or which may conflict with) the interests of Black Spade II’s other shareholders. 49 These interests may influence Black Spade II’s directors in making their recommendation that you vote in favor of the Business Combination Proposal and the transactions contemplated thereby. These interests were considered by the Black Spade II Board when it approved the Business Combination. Since the Sponsor, its affiliates, representatives and the Black Spade II’s officers and directors (the “Sponsor Related Parties”), have interests that are different, or in addition to (and which may conflict with), the interests of the other holders of BSII Class A Ordinary Shares, a conflict of interest may exist in determining whether the Business Combination with TGE is appropriate. Such interests include that the Sponsor Related Parties will lose their entire investment in Black Spade II if Black Spade II does not complete a business combination. When you consider the recommendation of the Black Spade II Board in favor of approval of the Business Combination Proposal, you should keep in mind that the Sponsor Related Parties, have interests in such proposal that are different from, or in addition to (which