Company: TGE
Filing Date: 2025-03-21
Form Type: DRS/A
Source: 0001013762-25-001106
Chunk: 6

Company: Generation Essentials Group
Filing Date: 2025-03-21
Form: DRS/A
Chunk 6
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 Group is registering an aggregate ofTGE Class A Ordinary Shares,TGE Warrants, andTGE Class A Ordinary Shares issuable upon the exercise of the TGE Warrants (“TGE Warrant Shares”). The Generation Essentials Group will be an “emerging growth company” as defined in the Jumpstart Our Business Startups Act of 2012, and is therefore eligible to take advantage of certain reduced reporting requirements otherwise applicable to other public companies. The Generation Essentials Group will also be a “foreign private issuer” as defined in the Exchange Act, and will be exempt from certain rules under the Exchange Act that impose certain disclosure obligations and procedural requirements for proxy solicitations under Section 14 of the Exchange Act. In addition, officers, directors and principal shareholders of The Generation Essentials Group will be exempt from the reporting and “short -swing” profit recovery provisions under Section 16 of the Exchange Act. Moreover, The Generation Essentials Group will not be required to file periodic reports and financial statements with the U.S. Securities and Exchange Commission as frequently or as promptly as U.S. companies whose securities are registered under the Exchange Act. Upon completion of the Business Combination, AMTD Digital, AMTD IDEA Group, AMTD Group Inc. and each of their affiliates (together, the “AMTD Entities”) will hold 23,171,033 TGE Class A Ordinary Shares, 19,285,911 TGE Class B Ordinary Shares and 6,343,056 TGE Preferred Shares. Under the “no redemptions” scenario, the 50% redemption scenario and the maximum redemption scenario, on a fully diluted basis, the AMTD Group Entities would hold 34.1%, 28.4% and 9.3% of TGE ordinary shares, respectively, and AMTD Group Inc. will beneficially own 95.5%, 97.3%, and 99.0% of the total voting power of the outstanding TGE Ordinary Shares (without taking into account the dilutive impact of additional dilution described above and elsewhere in this proxy statement/prospectus). As a result, For more information, please see the sections entitled “ Unaudited Pro Forma Condensed Combined Financial Information”and “Beneficial Ownership of Securities — The Generation Essentials Group.” The Generation Essentials Group is expected to be a “controlled company” within the meaning of the rules of and may elect not to comply with certain corporate governance standards. For so long as The Generation Essentials Group remains a controlled company under that definition, it is permitted