Company: TGE
Filing Date: 2025-11-21
Form Type: POS AM
Source: 0001213900-25-113604
Chunk: 155

Company: Generation Essentials Group
Filing Date: 2025-11-21
Form: POS AM
Chunk 155
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 18,470,375 Class A Ordinary Shares and (ii) 19,285,911 Class A Ordinary Shares issuable upon the
conversion of 19,285,911 Class B Ordinary Shares beneficially owned by AMTD Digital Inc.), and constituting approximately 58.4% of our
issued and outstanding Ordinary Shares and represented 93.8% of the aggregate voting power of our total issued and outstanding share
capital as of the date of this prospectus (assuming exercise of all outstanding Warrants), so long as the registration statement of which
this prospectus forms a part is available for us. These shares were acquired at prices significantly below the current trading price
of the Class A Ordinary Shares. Sales of a substantial number of Registered Securities, or the perception that those sales might
occur, could result in a significant decline in the public trading price of our securities and could impair our ability to raise capital
through the sale or issuance of additional equity securities. We are unable to predict the effect that such sales may have on the prevailing
market price of our securities. See “Risk Factors — Risks Relating to Our Securities — Future resales of Ordinary Shares
issued to our shareholders and other significant shareholders may cause the market price of the Class A Ordinary Shares to drop
significantly, even if our business is doing well.” The issuance and sale of additional equity would also result in further dilution
to our shareholders. The incurrence of indebtedness would result in increasing fixed obligations and could result in operating covenants
that would restrict our operations.

We will not receive any
proceeds from any sale of the Registered Securities by the Selling Securityholders. We will receive proceeds of up to an aggregate of
approximately US$186,530,000 from the exercise of the Warrants if all of the Warrants are exercised for cash. However, the exercise price
of the Warrants is US$11.50 per share and the closing price of our Class A Ordinary Shares on the NYSE on November 19, 2025 was US$1.20
per ordinary share. The likelihood that warrant holders will exercise the Warrants and any cash proceeds that we would receive are dependent
upon the market price of the Class A Ordinary Shares, among other things. If the market price for the Class A Ordinary Shares
is less than US$11.50 per share, we believe warrant holders will be unlikely to exercise their Warrants. There is no assurance that the
Warrants will be “