Company: TGE
Filing Date: 2025-07-10
Form Type: 424B3
Source: 0001213900-25-062835
Chunk: 278

Company: Generation Essentials Group
Filing Date: 2025-07-10
Form: 424B3
Chunk 278
---
udited condensed financial statements, which management considered in formulating
its estimate, could change in the near term due to one or more future confirming events. Accordingly, the actual results could differ
significantly from those estimates.

Cash and Cash Equivalents

The Company considers
all short-term investments with an original maturity of three months or less when purchased to be cash equivalents. The Company had $1,960,838 and
$2,117,016 in cash and no cash equivalents as of March 31, 2025 and December 31, 2024, respectively.

Cash held in Trust Account

As of March 31, 2025
and December 31, 2024, the assets held in the Trust Account were cash in a demand deposit account, amounting to $156,875,931 and
$155,345,149, respectively. For the three months ended March 31, 2025, the Company withdrew $117,248 of interest earned on the cash
held in Trust Account, for working capital purposes.

Offering Costs

The Company complies
with the requirements of ASC 340-10-S99 and SEC Staff Accounting Bulletin (“SAB”) Topic 5A — “Expenses
of Offering.” Offering costs consist principally of professional and registration fees that are related to the Initial Public Offering.
Financial Accounting Standards Board (“FASB”) ASC 470-20, “Debt with Conversion and Other Options,” addresses
the allocation of proceeds from the issuance of convertible debt into its equity and debt components. The Company applies this guidance
to allocate Initial Public Offering proceeds from the Units between Class A ordinary shares and warrants, using the residual method by
allocating Initial Public Offering proceeds first to assigned value of the warrants and then to Class A ordinary shares. Offering costs
allocated to Class A ordinary shares were charged to temporary equity and offering costs allocated to the Public and Private Placement
Warrants were charged to shareholders’ deficit as Public and Private Placement Warrants after management’s evaluation were
accounted for under equity treatment.

Income Taxes

The Company follows the
asset and liability method of accounting for income taxes under ASC 740, “Income Taxes.” Deferred tax assets and liabilities
are recognized for the estimated future tax consequences attributable to differences between the unaudited condensed financial statements
carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured
using enacted tax rates expected to apply to taxable income in the years in which those temporary