Company: TGE
Filing Date: 2025-05-06
Form Type: F-4/A
Source: 0001213900-25-040058
Chunk: 5

Company: Generation Essentials Group
Filing Date: 2025-05-06
Form: F-4/A
Chunk 5
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isable for shares of Black Spade II will be exchanged for a corresponding warrant exercisable for TGE Class A Ordinary Shares (“TGE Warrants”). To provide additional consideration to Black Spade II Public Shareholders, The Generation Essentials Group will make a cash payment equal to $1.25 multiplied by the number of BSII Class A Ordinary Shares held by eligible Black Spade II Public Shareholders on the Closing Date immediately before the Merger Effective Time (the “Non -RedemptionPayment Amount”). In order to be eligible to receive the Non -RedemptionPayment Amount, you must: (a) be a Black Spade II Public Shareholder on the Closing Date immediately before the Merger Effective Time and as of the date falling 60 days after the Closing, (b) never have elected to exercise a redemption right in respect of BSII Class A Ordinary Shares, and (c) entered into, and adhered to the terms of, a non -redemptionagreement in the form attached hereto as Annex D by no later than , 2025. The Non -RedemptionPayment Amount will not be paid on any BSII Class A Ordinary Shares that, at any point in time, were BSII Class B Ordinary Shares. This additional cash payment will be made no earlier than 60 days and no later than 90 days after the Closing Date. The Non -RedemptionPayment Amount is a free option that is available to all eligible Black Spade II Public Shareholders. Black Spade II Public Shareholders that sign a non -redemptionagreement may at any time choose not to adhere to the terms of the agreement without any penalty or liability, but such shareholder will no longer be eligible to receive the Non -RedemptionPayment Amount. The aggregate Non -RedemptionPayment Amount that TGE would pay to eligible Black Spade II Public Shareholders under the no redemptions, 25% redemptions, 50% redemptions, 75% redemptions and maximum redemptions scenarios is $19.1million, $13.4million, $9.6million, $4.8million and $0.6million, respectively. Black Spade II’s Class A Ordinary Shares, units and public warrants are currently listed on the Nasdaq Stock Market LLC (“Nasdaq”) under the symbols “BSII,” “BSIIU,” and “BSIIW,” respectively. The Generation Essentials Group is not currently a public reporting company. However, following the effectiveness of the registration statement