Company: TGE
Filing Date: 2025-07-10
Form Type: 424B3
Source: 0001213900-25-062835
Chunk: 290

Company: Generation Essentials Group
Filing Date: 2025-07-10
Form: 424B3
Chunk 290
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 Class A ordinary
shares or equity-linked securities are issued or deemed issued in connection with the initial Business Combination, the number of Class A
ordinary shares issuable upon conversion of all Founder Shares will equal, in the aggregate, 20% of the sum of (i) the total
number of Class A ordinary shares issued and outstanding upon completion of the Initial Public Offering, plus (ii) the total
number of Class A ordinary shares issuable upon conversion of the Class B ordinary shares issued and outstanding upon the completion
of the Initial Public Offering, plus (iii) the total number of Class A ordinary shares issued, or deemed issued or issuable
upon conversion or exercise of any equity-linked securities or rights issued or deemed issued, by the Company in connection with or in
relation to the consummation of the initial Business Combination (including securities issued or issuable pursuant to forward purchase
agreements or backstop arrangements the Company may enter into prior to or following consummation of this offering but excluding the
forward purchase warrants), excluding any Class A ordinary shares or equity-linked securities exercisable for or convertible into
Class A ordinary shares issued, or to be issued, to any seller in the initial Business Combination and any private placement warrants
issued to the Sponsor, officers or directors upon conversion of working capital loans, minus (iv) the number of Class A ordinary
shares redeemed by public shareholders; provided that such conversion of Founder Shares will never occur on a less than one-for-one basis.

NOTE 8. WARRANTS

As of March 31, 2025
and December 31, 2024, there were 16,220,000 warrants outstanding, including 5,100,000 Public Warrants and 11,120,000 Private
Placement Warrants. Public Warrants may only be exercised for a whole number of shares. No fractional warrants will be issued
upon separation of the Units and only whole warrants will trade. The Public Warrants will become exercisable on the later of (a) 30 days after
the completion of a Business Combination and (b) 12 months from the closing of the Initial Public Offering. The Public
Warrants will expire five years after the completion of a Business Combination or earlier upon redemption or liquidation.

The Company will not
be obligated to deliver any Class A ordinary shares pursuant to the exercise of a warrant and will have no obligation to settle
such warrant exercise unless a registration statement under the Securities Act covering the issuance of Class A ordinary shares
issuable