Company: TGE
Filing Date: 2025-07-03
Form Type: F-1/A
Source: 0001213900-25-061211
Chunk: 277

Company: Generation Essentials Group
Filing Date: 2025-07-03
Form: F-1/A
Chunk 277
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 operations.

Warrant Instruments

The Company accounts
for the Public and Private Warrants issued in connection with the Initial Public Offering and the private placement in accordance with
the guidance contained in FASB ASC Topic 815, “Derivatives and Hedging”. Accordingly, the Company evaluated and classified
the warrant instruments under equity treatment at their assigned values.

<div align='center'>F-33</div>

Class A Ordinary Shares Subject to Possible Redemption

The public shares contain
a redemption feature which allows for the redemption of such public shares in connection with the Company’s liquidation, or if
there is a shareholder vote or tender offer in connection with the Company’s initial Business Combination. In accordance with ASC
480-10-S99, the Company classifies public shares subject to redemption outside of permanent equity as the redemption provisions are not
solely within the control of the Company. The Company recognizes changes in redemption value immediately as they occur and will adjust
the carrying value of redeemable shares to equal the redemption value at the end of each reporting period. Immediately upon the closing
of the Initial Public Offering, the Company recognized the accretion from initial book value to redemption amount value. The change in
the carrying value of redeemable shares will result in charges against additional paid-in capital (to the extent available) and an accumulated
deficit. Accordingly, as of March 31, 2025 and December 31, 2024, Class A ordinary shares subject to possible redemption are presented
at redemption value as temporary equity, outside of the shareholders’ deficit section of the Company’s balance sheet. As
of March 31, 2025 and December 31, 2024, the Class A ordinary shares subject 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