Company: TGE
Filing Date: 2025-07-10
Form Type: 424B3
Source: 0001213900-25-062835
Chunk: 268

Company: Generation Essentials Group
Filing Date: 2025-07-10
Form: 424B3
Chunk 268
---
 declared effective on August 23, 2024. On August 29, 2024, the Company
consummated the Initial Public Offering of 15,000,000 units (the “Units” and, with respect to the Class A
ordinary shares included in the Units being offered, the “Public Shares”) at $10.00 per Unit, generating gross proceeds
of $150,000,000, which is discussed in Note 3.

Simultaneously with the
closing of the Initial Public Offering, the Company consummated the sale of 11,000,000 warrants (the “Private Placement
Warrants”) at a price of $0.50 per Private Placement Warrant, in a private placement to Black Spade Sponsor LLC II, the Company’s
sponsor (the “Sponsor”), generating gross proceeds of $5,500,000, which is described in Note 4.

The Company had granted
the underwriters in the Initial Public Offering, a 45-day option to purchase up to 2,250,000 additional Units to cover
over-allotments, if any (“Over-Allotment Units”). On September 26, 2024, the underwriters exercised a portion of the
option and purchased 300,000 Over-Allotment Units, generating gross proceeds of $3,000,000. In connection with the partial
exercise of the over-allotment option, the Sponsor purchased an additional 120,000 Private Placement Warrants at a purchase
price of $0.50 per Private Placement Warrant, generating additional gross proceeds to the Company of $60,000. The underwriters have
forfeited the option to purchase the remaining 1,950,000 Units.

Transaction costs amounted
to $7,440,804, consisting of $2,660,000 of cash underwriting fee (net of $400,000 underwriters’ reimbursement), $4,302,000 of
deferred underwriting fee (see additional discussion in Note 6), and $478,804 of other offering costs.

The Company’s management
has broad discretion with respect to the specific application of the net proceeds of the Proposed Public Offering and the sale of Private
Placement Warrants, although substantially all of the net proceeds are intended to be applied generally toward consummating a Business
Combination. There is no assurance that the Company will be able to complete a Business Combination successfully.

The Company must complete
one or more initial Business Combinations