Company: TGE
Filing Date: 2025-04-25
Form Type: F-4/A
Source: 0001213900-25-035536
Chunk: 182

Company: Generation Essentials Group
Filing Date: 2025-04-25
Form: F-4/A
Chunk 182
---
 period leading up to the Closing, other events may occur that, pursuant to the Business Combination Agreement, would require Black Spade II to agree to amend the Business Combination Agreement, to consent to certain actions or to waive rights that Black Spade II is entitled to under the Business Combination Agreement. Such events could arise because of changes in the course of TGE’s business, a request by TGE to undertake actions that would otherwise be prohibited by the terms of the Business Combination Agreement, the occurrence of events that would have a material adverse effect on TGE’s business and would entitle Black Spade II to terminate the Business Combination Agreement, or other reasons. In any of such circumstances, it would be in Black Spade II’s discretion, acting through the Black Spade II Board, to grant Black Spade II’s consent or waive its rights. The existence of the financial and personal interests of the directors described elsewhere in this proxy statement/prospectus may result in a conflict of interest on the part of one or more of the directors between what he may believe is best for Black Spade II and its securityholders and what they may believe is best for themselves or their affiliates in determining whether or not to take the requested action. As of the date of this proxy statement/prospectus, Black Spade II does not believe there will be any changes or waivers that its directors and officers would be likely to make after shareholder approval of the Proposed Transactions has been obtained. While certain changes could be made without further shareholder approval, if there is a change to the terms of the transaction that would have a material impact on the shareholders, Black Spade II will be required to circulate a new or amended proxy statement/prospectus or supplement thereto and resolicit the vote of its shareholders with respect to the Proposed Transactions. Since the Sponsor and our executive officers and directors will not be eligible to be reimbursed for their out-of -pocket expenses if a business combination is not completed, a conflict of interest may arise in determining whether a particular business combination target is appropriate for a business combination. At the closing of our initial business combination, the Sponsor and our executive officers and directors, and any of their respective affiliates, will be reimbursed for any out -of -pocketexpenses incurred in connection with activities on our behalf, such as identifying potential target businesses and performing due diligence on suitable business combinations. There is no cap or ceiling on the reimbursement of out -of -pocketexpenses incurred in connection with activities on our behalf. These financial interests of the Sponsor and