Company: TGE
Filing Date: 2025-07-10
Form Type: 424B3
Source: 0001213900-25-062835
Chunk: 281

Company: Generation Essentials Group
Filing Date: 2025-07-10
Form: 424B3
Chunk 281
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 to redemption reflected in the balance sheet are reconciled
in the following table:

| Gross proceeds                                                   |     | $ | 153,000,000 |   |
| Less:                                                            |     |   |             |   |
| Proceeds allocated to Public Warrants                            |     |   |    (555,900 | ) |
| Proceeds allocated to the over-allotment option                  |     |   |    (253,969 | ) |
| Class A ordinary shares issuance costs                           |     |   |  (7,384,717 | ) |
| Plus:                                                            |     |   |             |   |
| Remeasurement of carrying value to redemption value              |     |   |  10,539,735 |   |
| Class A Ordinary Shares subject to possible redemption, December 
 31, 2024                                                         |     | $ | 155,345,149 |   |
| Plus:                                                            |     |   |             |   |
| Remeasurement of carrying value to redemption value              |     |   |   1,530,782 |   |
| Class A Ordinary Shares subject to possible                      
 redemption, March 31, 2025                                       |     | $ | 156,875,931 |   |

Net Income Per Ordinary Share

The Company complies
with accounting and disclosure requirements of FASB ASC Topic 260, “Earnings Per Share.” The Company has two classes of shares,
(i) Class A Ordinary Shares and non-redeemable Class A Ordinary Shares and (ii) Class B ordinary shares, par value of $0.0001 per
share (the “Class B Ordinary Shares, and together with the Class A Ordinary Shares, the “Ordinary Shares”). Income
and losses are shared pro rata between the two classes of shares. Net income per Ordinary Share is calculated by dividing the net income
by the weighted average shares of Ordinary Shares outstanding for the respective period.

The calculation of diluted
net income did not consider the effect of the 5,100,000 Public Warrants underlying the Units sold in the Initial Public Offering
(including the consummation of the over-allotment) and the 11,120,000 Private Placement Warrants to purchase an aggregate of 16,220,000 shares
of Class A Ordinary Shares in the calculation of diluted income per ordinary share, because their exercise is contingent upon future
events. Accretion associated with the redeemable Class A Ordinary Shares is excluded