Company: TGE
Filing Date: 2025-07-03
Form Type: F-1/A
Source: 0001213900-25-061211
Chunk: 272

Company: Generation Essentials Group
Filing Date: 2025-07-03
Form: F-1/A
Chunk 272
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 entitled to receive a transaction bonus in the amount of $5,560,000. Such amount will be
deducted from the Trust Account to the extent there remain any funds in the Trust Account after application of the funds in the Trust
Account to satisfy any of the Company’s shareholders redemption, and any shortfall will be paid by TGE.

On April 11, 2025, TGE
filed a registration statement on Form F-4 in connection with the proposed Business Combination (the “Registration Statement”).
On May 9, 2025, the Registration Statement was declared effective by the SEC.

On May 9, 2025, TGE and
the Company filed a definitive proxy statement for the extraordinary general meeting of shareholders of the Company to vote on certain
matters related to the Business Combination.

<div align='center'>F-30</div>

NOTE 2. SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The accompanying unaudited
condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of
America (“GAAP”) for interim financial information and in accordance with the instructions to Form 10-Q and Article 8
of Regulation S-X of the SEC. Certain information or footnote disclosures normally included in the unaudited condensed financial statements
prepared in accordance with GAAP have been condensed or omitted, pursuant to the rules and regulations of the SEC for interim financial
reporting. Accordingly, they do not include all the information and footnotes necessary for a complete presentation of financial position,
results of operations, or cash flows. In the opinion of management, the accompanying unaudited condensed financial statements include
all adjustments, consisting of a normal recurring nature, which are necessary for a fair presentation of the financial position, operating
results and cash flows for the periods presented.

The accompanying unaudited
condensed financial statements should be read in conjunction with the Company’s Annual Report on Form 10-K/A for the year ended
December 31, 2024, as filed with the SEC on March 10, 2025. The interim results for the three months ended March 31, 2025 are not necessarily
indicative of the results to be expected for the year ending December 31, 2025 or for any future periods.

Liquidity and Going Concern

As of March 31, 2025,
the Company had $1,960,838 in cash and working capital deficit of $408,