Company: TGE
Filing Date: 2025-02-19
Form Type: DRS
Source: 0001213900-25-015012
Chunk: 399

Company: Generation Essentials Group
Filing Date: 2025-02-19
Form: DRS
Chunk 399
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 Capital aWME may from time to time by ordinary resolution: •increase its share capital by new shares of such amount as it thinks expedient; •consolidate and divide all or any share capital into shares of a larger amount than existing shares; •sub -divideits existing shares or any of them into shares of a smaller amount; provided that in the subdivision the proportion between the amount paid and the amount, if any, unpaid on each reduced share will be the same as it was in case of the share from which the reduced share is derived; or •cancel any shares that at the date of the passing of the resolution have not been taken or agreed to be taken by any person and diminish the amount of its share capital by the amount of the shares so cancelled. aWME may by special resolution reduce its share capital or any capital redemption reserve fund in any manner permitted by the Cayman Islands Companies Act. Warrants Upon the consummation of the Business Combination, each BSII Warrant outstanding immediately prior will be assumed by aWME and converted into an aWME Warrant. Each aWME Warrant will continue to have and be subject to substantially the same terms and conditions as were applicable to such BSII Warrant immediately prior to the consummation of the Business Combination (including any repurchase rights and cashless exercise provisions). A summary description of the existing BSII Warrants is set forth below. Public BSII Warrants Each whole BSII Warrant entitles the registered holder to purchase one BSII Public Share at a price of $11.50 per share, subject to adjustment as discussed below, at any time commencing on the later of one year from the closing of the IPO and 30 days after the completion of Black Spade II’s initial business combination, except as discussed in the immediately succeeding paragraph. Pursuant to the Black Spade II warrant agreement, a BSII Warrant holder may exercise its BSII Warrants only for a whole number of BSII Public Shares. This means only a whole BSII Warrant may be exercised at a given time by a BSII Warrant holder. No fractional BSII Warrants will be issued upon separation of Units and only whole BSII Warrants will trade. Accordingly, unless an investor purchases at least three Units, they will not be able to receive or trade a whole BSII Warrant. The BSII Warrants will expire five years after the completion of Black Spade II’s initial business combination, at 5:00 p.m.,