Company: TGE
Filing Date: 2025-06-24
Form Type: F-1
Source: 0001213900-25-057225
Chunk: 246

Company: Generation Essentials Group
Filing Date: 2025-06-24
Form: F-1
Chunk 246
---
No fractional warrants will be issued upon separation of the units and only whole warrants will trade. The warrants will become exercisable
on the later of 30 days after the completion of the initial Business Combination or 12 months from the closing of the Initial
Public Offering and will expire five years after the completion of the initial Business Combination or earlier upon redemption or
liquidation.

NOTE 4 — PRIVATE PLACEMENT

Simultaneously with the closing of the Initial Public
Offering, the Sponsor purchased an aggregate of 11,000,000 Private Placement Warrants at a price of $0.50 per Private Placement Warrant
($5,500,000 in the aggregate). In connection with the partial exercise of the over-allotment option, the Sponsor purchased an additional
120,000 Private Placement Warrants at a purchase price of $0.50 per Private Placement Warrant, generating additional gross proceeds to
the Company of $60,000. Each Private Placement Warrant is exercisable to purchase one Class A ordinary share at a price of $11.50
per share, subject to adjustment (see Note 7). The proceeds from the sale of the Private Placement Warrants were added to the net
proceeds from the Initial Public Offering held in the Trust Account. If the Company does not complete a Business Combination within the
Combination Period, the proceeds from the sale of the Private Placement Warrants held in the Trust Account will be used to fund the redemption
of the Public Shares (subject to the requirements of applicable law) and the Private Placement Warrants will expire worthless. The Private
Placement Warrants (including Class A ordinary shares issuable upon exercise of the Private Placement Warrants) are not transferable,
assignable or saleable until 30 days after the completion of an Initial Business Combination, subject to certain exceptions.

NOTE 5 — RELATED PARTY TRANSACTIONS

Founder Shares

On May 21, 2024, the Sponsor purchased 4,312,500
of the Company’s Class B ordinary shares (the “Founder Shares”) in exchange for a capital contribution of $25,000
that was paid by the Sponsor for deferred offering costs. The Founder Shares include an aggregate of up to 562,500 shares subject to forfeiture
to the extent that the underwriters’ over-allotment is not exercised in full or in part, so that the number of Founder Shares will
equal, on an as-converted basis, approximately 20% of the Company’s issued and outstanding ordinary