Company: TGE
Filing Date: 2025-04-11
Form Type: F-4
Source: 0001213900-25-031177
Chunk: 12

Company: Generation Essentials Group
Filing Date: 2025-04-11
Form: F-4
Chunk 12
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 $0.006 per share. The Sponsor currently holds 3,266,217 Founder Shares and 11,120,000 Private Placement Warrants. Upon the completion of the Business Combination, the Sponsor and its affiliates will hold a total ofTGE Class A Ordinary Shares andTGE Warrants. The retention of shares by Sponsor and its affiliates will not result in a material dilution of the equity interests of non -redeemingBlack Spade II Shareholders. For more information, please see the sections entitled “Unaudited Pro Forma Condensed Combined Financial Information” and “Beneficial Ownership of Securities — The Generation Essentials Group.” Under the Business Combination Agreement, upon 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 The Generation Essentials Group. Conflicts of Interest Since the Sponsor, its affiliates, representatives and the Black Spade II 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 The Generation Essentials Group 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 may conflict with), those of the Black Spade II Shareholders generally. See “Summary of the Proxy Statement/Prospectus — Interests of Black Spade II Directors and Officers in the Business Combination.” 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