Company: TGE
Filing Date: 2025-03-21
Form Type: DRS/A
Source: 0001013762-25-001106
Chunk: 99

Company: Generation Essentials Group
Filing Date: 2025-03-21
Form: DRS/A
Chunk 99
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 Related Parties, have interests in such proposal that are different from, or in addition to (which may conflict with), those of the Black Spade II Shareholders generally. These conflicts of interest include, among other things, the interests listed below: •the beneficial ownership of the Sponsor, the Sponsor Related Parties and certain of the Sponsor’s and its affiliates’ directors, officers and employees of an aggregate of 3,825,000 BSII Class B Ordinary Shares and 11,120,000 Private Placement Warrants, which shares and warrants were originally acquired by the Sponsor for an aggregate investment of $5,585,000 at the time of Black Spade II’s formation and Black Spade II’s IPO and would become worthless if Black Spade II does not complete a business combination by the required time period, as such shareholders have waived any redemption right with respect to those shares and the Private Placement Warrants would expire worthless. After giving effect to the Business Combination, the Sponsor and certain of the Sponsor’s and its affiliates’ directors, officers and employees would own up to an aggregate of TGE Class A Ordinary Shares and TGE Warrants. Such shares have an aggregate market value of approximately $ , based on the Closing Price of BSII Class A Ordinary Shares of $ on Nasdaq on , 2025. •under the Business Combination Agreement, upon the Closing, the Sponsor will be entitled to receive a transaction bonus in the amount of $5,560,000. Such amount will be deducted from the Trust Account, to the extent there remain any funds in the Trust Account after application of the funds in the Trust Account to satisfy any Black Spade II Shareholder Redemptions, and any shortfall will be paid by TGE. •the continued indemnification of current directors and officers of Black Spade II and the continuation of directors’ and officers’ liability insurance after the Business Combination; •the fact that Black Spade II Sponsor, officers and directors will be reimbursed for out -of -pocketexpenses incurred in connection with activities on Black Spade II’s behalf, such as identifying potential target businesses and performing due diligence on suitable business combinations, with all expenses incurred by the Sponsor and its affiliates on our behalf booked and carried on our financial statements, and as of December31, 2024, there were $41,285.50 of unpaid reimbursable expenses; •the fact that the Sponsor, and current and former officers and directors will lose their entire investment in Black Spade II if an initial business combination is not completed;