Company: TGE
Filing Date: 2025-06-24
Form Type: F-1
Source: 0001213900-25-057225
Chunk: 73

Company: Generation Essentials Group
Filing Date: 2025-06-24
Form: F-1
Chunk 73
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booked intangibles, of us and our subsidiaries,
we do not currently expect to be a PFIC for the taxable year ending December 31, 2025 or foreseeable future taxable years. However,
this conclusion is a factual determination that must be made annually at the close of each taxable year on the basis of the composition
of the income and assets of us and our subsidiaries and, thus, is subject to change. Accordingly, there can be no assurance that we or
any of our subsidiaries will not be a PFIC for any taxable year.

For a more detailed discussion
of the PFIC rules and the risks and adverse tax consequences of PFIC classification to U.S. Holders of the Class A Ordinary
Shares or Warrants, see “Taxation”

Our issuance of
additional share capital in connection with financings, acquisitions, investments, our equity incentive plans or otherwise will dilute
all other shareholders.

We expect to issue additional
share capital in the future that will result in dilution to all other shareholders. We expect to grant equity awards to key employees
under our equity incentive plan. We may also raise capital through equity financings or equity-linked in the future. As part of our business
strategy, we may acquire or make investments in companies, solutions or technologies and issue equity securities to pay for any such acquisition
or investment. Any such issuances of additional share capital may cause shareholders to experience significant dilution of their ownership
interests and the per share value of the Class A Ordinary Shares to decline.

The requirements
of being a public company may strain our resources, divert our management’s attention and affect our ability to attract and retain
qualified board members.

We are subject to the reporting
requirements of the Securities Exchange Act of 1934, the Sarbanes-Oxley Act, the Dodd-Frank Act, applicable stock exchange
rules and other applicable securities rules and regulations. As such, we will incur additional legal, accounting and other expenses that
we did not incur as a private company. These expenses may increase even more if we no longer qualify as an “emerging growth company,”
as defined in Section 2(a) of the Securities Act. The Exchange Act requires, among other things, that we file annual and
current reports with respect to our business and operating results. The Sarbanes-Oxley Act requires, among other things, that we maintain
effective disclosure controls and procedures and internal control over financial reporting. We may need to hire more employees post-Business