Company: TGE
Filing Date: 2025-12-03
Form Type: 424B3
Source: 0001213900-25-117807
Chunk: 204

Company: Generation Essentials Group
Filing Date: 2025-12-03
Form: 424B3
Chunk 204
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 our redemption right even if we are unable to register or
qualify the underlying securities for sale under all applicable state securities laws. As a result, we may redeem Warrants even if the
holders are otherwise unable to exercise their Warrants.

We have established the last
of the redemption criterion discussed above to prevent a redemption call unless there is at the time of the call a significant premium
to the Warrant exercise price. If the foregoing conditions are satisfied and we issue a notice of redemption of the Warrants, each Warrant
holder will be entitled to exercise his, her or its Warrant prior to the scheduled redemption date. However, the price of the Class A
Ordinary Shares may fall below the $18.00 redemption trigger price (as adjusted for adjustments to the number of shares issuable upon
exercise or the exercise price of a Warrant as described below under the heading “— Warrants — Public Warrants
— Anti-dilution Adjustments”) as well as the $11.50 (for whole shares) Warrant exercise price after the redemption notice
is issued.

If we call the Warrants for
redemption as described above, our management will have the option to require any holder that wishes to exercise its Warrant to do so
on a “cashless basis.” In determining whether to require all holders to exercise their Warrants on a “cashless basis,”
our management will consider, among other factors, our cash position, the number of Warrants that are outstanding and the dilutive effect
on its shareholders of issuing the maximum number of Class A Ordinary Shares issuable upon the exercise of the Warrants. If our management
takes advantage of this option, all holders of Warrants would pay the exercise price by surrendering their Warrants for that number of
Class A Ordinary Shares equal to the quotient obtained by dividing (x) the product of the number of Class A Ordinary Shares underlying
the Warrants, multiplied by the difference between the exercise price of the Warrants and the “fair market value” by (y) the
fair market value. For this purpose, “fair market value” means the average reported last sale price of the Class A Ordinary
Shares for the 10 trading days ending on the third trading day prior to the date on which the notice of redemption is sent
to the holders of Warrants. If our management takes advantage of this option, the notice of redemption will contain the information necessary
to calculate the number of shares of Class A Ordinary Shares to be received