Company: TGE
Filing Date: 2025-04-11
Form Type: F-4
Source: 0001213900-25-031177
Chunk: 286

Company: Generation Essentials Group
Filing Date: 2025-04-11
Form: F-4
Chunk 286
---
, if we do not complete the Business Combination with TGE or another initial business combination within the Completion Window (or a later date approved by our Shareholders pursuant to the Black Spade II Articles), we will (i) cease all operations except for the purpose of winding up, (ii) as promptly and as reasonably possible but not more than ten business days thereafter, redeem the BSII Public Shares, at a per -Shareprice, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest earned on the funds held in the Trust Account (less funds withdrawn for any permitted withdrawals), divided by the number of Public Shares then in issue (for illustrative purposes, based on funds in the Trust Account of approximately $ million as of , 2025, the estimated redemption price per share would have been approximately $ ) and (iii) as promptly as reasonably possible following such redemption, subject to the approval of our remaining shareholders and the Board, dissolve and liquidate, subject in the case of (ii) and (iii) above) to our obligations under Cayman Islands law to provide for claims of creditors and the requirements of other applicable law. At such time, BSII Warrants will expire. Holders of BSII Warrants will receive nothing upon a liquidation with respect to such securities and they will be worthless. Each of our Initial Shareholders has agreed to waive its rights to participate in any distribution from the Trust Account or other assets with respect to the Founder Shares and shares underlying the Private Placement Warrants. There will be no distribution from the Trust Account with respect to BSII Warrants, which will expire worthless if we are liquidated. The proceeds deposited in the Trust Account could, however, become subject to the claims of our creditors which would be prior to the claims of our Public Shareholders. In order to protect the amounts held in the Trust Account, the Sponsor has agreed that it will be liable to us if and to the extent any claims by a third party (other than our independent registered public accounting firm) for services rendered or products sold to us, or a prospective target business with which we have entered into a written letter of intent, confidentiality or other similar agreement or business combination agreement, reduce the amount of funds in the Trust Account to below the lesser of (i) $10.00 per public share and (ii) the actual amount per public share held in the Trust Account as of the date of the liquidation of the trust account, if less than $10.00 per share