Company: TGE
Filing Date: 2025-04-25
Form Type: F-4/A
Source: 0001213900-25-035536
Chunk: 454

Company: Generation Essentials Group
Filing Date: 2025-04-25
Form: F-4/A
Chunk 454
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 ACCOUNTING POLICIES (cont.) Net Income Per Ordinary Share The Company complies with accounting and disclosure requirements of FASB ASC Topic 260, “Earnings Per Share.” The Company has two classes of shares, (i) Class A Ordinary Shares and non -redeemableClass A Ordinary Shares and (ii) Class B ordinary shares, par value of $0.0001 per share (the “Class B Ordinary Shares, and together with the Class A Ordinary Shares, the “Ordinary Shares”). Income and losses are shared pro rata between the two classes of shares. Net income per Ordinary Share is calculated by dividing the net income by the weighted average shares of Ordinary Shares outstanding for the respective period. The calculation of diluted net income did not consider the effect of the 5,100,000 Public Warrants underlying the Units sold in the Initial Public Offering (including the consummation of the over -allotment) and the 11,120,000 Private Placement Warrants to purchase an aggregate of 16,220,000shares of Class A Ordinary Shares in the calculation of diluted income per ordinary share, because their exercise is contingent upon future events. Accretion associated with the redeemable Class A Ordinary Shares is excluded from earnings per share as the redemption value approximates fair value. The following table reflects the calculation of basic and diluted net income per Ordinary Share (in dollars, except per share amounts):

|                                                      |     | For the Year       
 Ended December 31, 
 2024               |           |     |   |           |
|:-----------------------------------------------------|:----|:-------------------|----------:|:----|:--|----------:|
| Class A                                              |     |                    |   Class B |     |   |           |
| Basic net income per ordinary share:                 |     |                    |           |     |   |           |
| Numerator:                                           |     |                    |           |     |   |           |
| Allocation of net income                             |     | $                  |   851,063 |     | $ |   381,033 |
| Denominator:                                         |     |                    |           |     |   |           |
| Basic weighted average ordinary shares outstanding   |     |                    | 8,038,983 |     |   | 3,599,168 |
| Basic net income per ordinary share                  |     | $                  |      0.11 |     | $ |      0.11 |
| Diluted net income