Company: TGE
Filing Date: 2025-06-24
Form Type: F-1
Source: 0001213900-25-057225
Chunk: 5

Company: Generation Essentials Group
Filing Date: 2025-06-24
Form: F-1
Chunk 5
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 connection with the Business Combination, holders of 13,120,874 BSII Public Shares exercised
their right to redeem their shares for cash at a redemption price of approximately US$10.30 per share, for an aggregate redemption amount
of approximately US$135.2 million, representing approximately 85.8% of the total BSII Class A Shares outstanding as of the record date
of May 5, 2025 (the “Record Date”). Subject to the AMTD Lock-up Obligations, the Selling Securityholders can sell, under this
prospectus, up to (i) 57,401,944 Class A Ordinary Shares constituting approximately 88.7% of the total issued and outstanding Ordinary
Shares (assuming exercise of all outstanding Warrants), and (ii) 11,120,000 Warrants, representing approximately 68.6% of our outstanding
Warrants, as of the date of this prospectus. 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. Despite such a decline in the public trading price, certain Selling Securityholders may
still experience a positive rate of return on the Registered Securities due to the lower price at which they acquired the Registered Securities
compared to other public investors and may be incentivized to sell the Class A Ordinary Shares or Warrants when others are not. For example,
based on the closing price of the Class A Ordinary Shares and Warrants as referenced above, holders of the Sponsor Shares may experience
a potential profit of up to US$7.7835 per share on the Sponsor Shares; holders of the AMTD Shares may experience a potential profit of
up to US$0.29 per share; South Horizon Oceans (Group) Co. Inc. and Radisson Everton Venture Fund may experience a potential profit on
their Legacy Shares if the price of the Class A Ordinary Shares exceeds US$15.70 per share and US$15.70 per share, respectively;
and the Sponsor may experience a potential profit on the Sponsor Warrants if the price of the Class Ordinary Shares exceeds US$11.50 per
share;. Public investors may not experience a similar rate of return on the securities they purchase due to differences in the