TGE Value Creative Solutions (NASDAQ: TGE) director reports 5.0M Class B share derivatives
Rhea-AI Filing Summary
TGE Value Creative Solutions Corp insider entities TGE SpiderNet Capital Group LLC and its parent The Generation Essentials Group reported beneficial ownership of derivative securities tied to the company’s shares as of 12/18/2025. They hold derivative securities referencing 5,031,250 Class B ordinary shares, each of which will automatically convert into Class A ordinary shares on a one-for-one basis at the time of the company’s initial business combination, or earlier at the holder’s option, with no stated expiration and subject to customary anti-dilution adjustments. Up to 656,250 of these Class B ordinary shares may be surrendered to the company for no consideration after the closing of the initial public offering, depending on how the underwriters’ over-allotment option is exercised. The filing identifies the reporting person’s relationship to the issuer as a director, and notes that the securities are held directly by TGE SpiderNet Capital Group LLC.
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FAQ
What insider ownership did TGE SpiderNet Capital Group LLC report in TGE Value Creative Solutions Corp (TGE)?
TGE SpiderNet Capital Group LLC reported beneficial ownership of derivative securities tied to 5,031,250 Class B ordinary shares of TGE Value Creative Solutions Corp, held directly by the LLC.
How do TGE Value Creative Solutions Corp (TGE) Class B ordinary shares convert into Class A shares?
The Class B ordinary shares, par value $0.0001, will automatically convert into Class A ordinary shares, par value $0.0001, on a one-for-one basis at the time of the company’s initial business combination, or earlier at the holder’s option, subject to adjustments and anti-dilution rights.
Are any of the Class B shares reported for TGE (TGE Value Creative Solutions Corp) subject to forfeiture?
Yes. The filing states that up to 656,250 Class B ordinary shares may be surrendered to the company for no consideration after the closing of the initial public offering, depending on the extent of the underwriters’ over-allotment option exercise.
What is the relationship of the reporting person to TGE Value Creative Solutions Corp (TGE)?
The reporting person is identified as a director of TGE Value Creative Solutions Corp. The form does not mark the reporting person as a 10% owner or officer.
Who ultimately owns TGE SpiderNet Capital Group LLC in relation to TGE Value Creative Solutions Corp (TGE)?
The filing explains that TGE SpiderNet Capital Group LLC is wholly owned by The Generation Essentials Group, and the securities reported are held directly by the LLC.
Do the reported derivative securities on TGE (TGE Value Creative Solutions Corp) have an expiration date?
No specific expiration date is given. The filing notes that the Class B ordinary shares have no expiration date and will convert into Class A ordinary shares in connection with the initial business combination or earlier at the holder’s option.