Company: TGE
Filing Date: 2025-04-11
Form Type: F-4
Source: 0001213900-25-031177
Chunk: 81

Company: Generation Essentials Group
Filing Date: 2025-04-11
Form: F-4
Chunk 81
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 board of directors of The Generation Essentials Group. Registration Rights Agreement At the Closing, certain shareholders of The Generation Essentials Group, the Sponsor and certain affiliates of the Sponsor will enter into a registration rights agreement (the “Registration Rights Agreement”), pursuant to which The Generation Essentials Group will agree to use its reasonable best efforts to file a shelf registration statement with respect to the registrable securities defined therein within 30 days of the Closing. Pursuant to the Registration Rights Agreement, the Sponsor, AMTD Digital Inc., AMTD IDEA Group, AMTD Group Inc., and certain other current equity holders of Black Spade II and certain other current equity holders of The Generation Essentials Group may request to sell all or a portion of their registrable securities in an underwritten offering; provided that The Generation Essentials Group will only be obligated to effect an underwritten takedown if such underwritten offering will include registrable securities proposed to be sold with a total offering price reasonably expected to exceed, in the aggregate, $7,500,000. The Generation Essentials Group will also agree to provide customary “piggyback” registration rights. The Registration Rights Agreement will provide that The Generation Essentials Group will pay certain expenses relating to such registrations and indemnify the shareholders against certain liabilities. Assignment, Assumption and Amendment Agreement At the Closing, The Generation Essentials Group, Black Spade II and Continental Stock Transfer & Trust Company will enter into an assignment, assumption and amendment agreement (the “Assignment, Assumption and Amendment Agreement”) of that certain warrant agreement, dated August 27, 2024, by and between Black Spade II and Continental Stock Transfer & Trust Company (the “Existing Warrant Agreement”), pursuant to which, among other things, effective as of the Merger Effective Time, Black Spade II will assign to The Generation Essentials Group, and The Generation Essentials Group will assume, all of Black Spade II’s rights, title, interests, liabilities and obligations under the Existing Warrant Agreement. Summary of Material Financing Transactions On May 21, 2024, the Sponsor purchased 4,312,500 of BSII Class B Ordinary Shares (the “Founder Shares”) in exchange for a capital contribution of $25,000 that was paid by the Sponsor for deferred offering costs. The Founder Shares included an aggregate of up to 562,500shares subject to forfeiture to the extent that the underwriters’ over -allotmentwas not exercised in full or in part, so that the number of Founder Shares would equal, on an as -convertedbasis, approximately 20%