Company: TGE
Filing Date: 2025-03-21
Form Type: DRS/A
Source: 0001013762-25-001106
Chunk: 404

Company: Generation Essentials Group
Filing Date: 2025-03-21
Form: DRS/A
Chunk 404
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 satisfying its obligations described below with respect to registration, or a valid exemption from registration is available. No BSII Warrant will be exercisable for cash or on a cashless basis, and Black Spade II will not be obligated to issue a BSII Public Share upon exercise of a BSII Warrant unless the BSII Public Share issuable upon such BSII Warrant exercise has been registered, qualified or deemed to be exempt under the securities laws of the state of residence of the registered holder of the BSII Warrants. In the event that the conditions in the two immediately preceding sentences are not satisfied with respect to a BSII Warrant, the holder of such BSII Warrant will not be entitled to exercise such BSII Warrant and such BSII Warrant may have no value and 259 expire worthless. In no event will Black Spade II be required to net cash settle any BSII Warrant. In the event that a registration statement is not effective for the exercised BSII Warrants, the purchaser of a Unit containing such BSII Warrant will have paid the full purchase price for the Unit solely for the BSII Public Share underlying such Unit. Black Spade II has agreed that as soon as practicable, but in no event later than 30 business days after the closing of its initial business combination, Black Spade II will use its best efforts to file with the SEC a registration statement for the registration, under the Securities Act, of the BSII Public Shares issuable upon exercise of the BSII Warrants, and it will use its best efforts to cause the same to become effective and to maintain the effectiveness of such registration statement and a current prospectus relating to those BSII Public Shares until the BSII Warrants expire or are redeemed, as specified in the Black Spade II warrant agreement. If the BSII Public Shares are at the time of any exercise of a BSII Warrant not listed on a national securities exchange such that they satisfy the definition of a “covered security” under Section 18(b)(1) of the Securities Act, Black Spade II may, at its option, require holders of public BSII Warrants who exercise their BSII Warrants to do so on a “cashless basis” in accordance with Section 3(a)(9) of the Securities Act and, in the event Black Spade II so elects, it will not be required to file or maintain in effect a registration statement, but it will use its best efforts to register or qualify the shares under applicable blue sky