Company: TGE
Filing Date: 2025-03-21
Form Type: DRSLTR
Source: 0001013762-25-001138
Chunk: 3

Company: Generation Essentials Group
Filing Date: 2025-03-21
Form: DRSLTR
Chunk 3
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 the Staff’s
comment, the Company has revised the disclosure on page 39 of the Revised Draft Registration Statement.

Compensation Received by the Sponsor and its affiliates, page 50

| 6. | In a tabular format, please provide the terms and amount of the                                  
 compensation received or to be received by the SPAC Sponsor, its affiliates, and promoters       
 in connection with the business combination or any related financing transaction, the amount     
 of securities issued or to be issued by aWME to the SPAC Sponsor, its affiliates, and promoters  
 and the price paid or to be paid for such securities in connection with the business combination 
 or any related financing transaction. Outside of the table, please provide the extent to         
 which that compensation and securities issuance has resulted or may result in a material         
 dilution of the equity interests of non-redeeming shareholders. Refer to Item 1604(b)(4)         
 of Regulation S-K.                                                                               |

In response to the Staff’s
comment, the Company has revised the disclosure on page 51 of the Revised Draft Registration Statement.

Securities and Exchange Commission

March 21, 2025

Page 4

RISK FACTORS, page 75

| 7. | We note that the only material financial and valuation analyses                           
 undertaken as part of the business combination were prepared by the Black Spade II board. 
 Please add risk factor disclosure that addresses the risks that reliance on the valuation 
 analyses poses to investors. Provide appropriate cross references wherever applicable to  
 your discussion on the interests that Black Spade II's directors and officers have on the 
 completion of a business combination.                                                     |

In response to the Staff’s
comment, the Company has revised the disclosure on the Cover Page and pages 21, 99, 106, 132 and 158 of the Revised Draft Registration Statement.

THE BUSINESS COMBINATION AGREEMENT, page 134

| 8. | Disclose in this section an explanation of any material differences                         
 in the rights of Black Spade II and aWME security holders as compared with security holders 
 of the combined company as a result of the business combination. Specifically, disclose the 
 differences in the rights of holders of the combined company Class A and Class B Ordinary   
 Shares. Refer to Item 1604(b)(5) of Regulation S-K.                                         |

In response to the Staff’s
comment, the Company has revised the disclosure on page 138 of the Revised Draft Registration Statement.

PROPOSAL 1 -