Company: TGE
Filing Date: 2025-05-06
Form Type: F-4/A
Source: 0001213900-25-040058
Chunk: 461

Company: Generation Essentials Group
Filing Date: 2025-05-06
Form: F-4/A
Chunk 461
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 Partially exercise of over-allotment option at September 26, 2024         |     |                  | (32,742  | ) |
| Forfeiture of over-allotment option at September 26, 2024                 |     |                  | (212,822 | ) |
| Fair value of over-allotment option liability at December 31, 2024        |     | $                | —        |   |

F-20

BLACK SPADE ACQUISITION II CO
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2024 NOTE 9 — FAIR VALUE MEASUREMENTS (cont.) The fair value of Public Warrants was determined using Monte Carlo Simulation Model. The Public Warrants have been classified within shareholders’ deficit and will not require remeasurement after issuance. The following table presents the quantitative information regarding market assumptions used in the valuation of the Public Warrants:

|                                            |     | August 29, 
 2024       |       |   |
|:-------------------------------------------|:----|:-----------|------:|:--|
| Underlying share price                     |     | $          | 10.00 |   |
| Exercise price                             |     | $          | 11.50 |   |
| Term (years)                               |     |            |   6.0 |   |
| Risk-free rate                             |     |            |   3.7 | % |
| Volatility                                 |     |            |   3.3 | % |
| De-SPAC probability with market adjustment |     |            |  20.0 | % |

NOTE 10 — SEGMENT INFORMATION ASC Topic 280, “Segment Reporting,” establishes standards for companies to report in their financial statement information about operating segments, products, services, geographic areas, and major customers. Operating segments are defined as components of an enterprise that engage in business activities from which it may recognize revenues and incur expenses, and for which separate financial information is available that is regularly evaluated by the Company’s chief operating decision maker, or group, in deciding how to allocate resources and assess performance. The Company’s chief operating decision maker (“CODM”) has been identified as the Chief Financial Officer, who reviews the assets, operating results, and financial metrics for the Company as a whole to make decisions about allocating resources and assessing financial performance. Accordingly, management has determined that there is only one reportable segment. The CODM assesses performance for the