Company: TGE
Filing Date: 2025-07-10
Form Type: 424B3
Source: 0001213900-25-062835
Chunk: 280

Company: Generation Essentials Group
Filing Date: 2025-07-10
Form: 424B3
Chunk 280
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 re-valued at each reporting
date, with changes in the fair value reported in the unaudited condensed statement of operations. The classification of derivative
instruments, including whether such instruments should be recorded as liabilities or as equity, is evaluated at the end of each reporting
period. Derivative liabilities are classified in the balance sheet as current or non-current based on whether or not net cash settlement
or conversion of the instrument could be required within 12 months of the balance sheet date. The underwriters’ over-allotment
option is deemed to be a freestanding financial instrument indexed on the contingently redeemable shares and was accounted for as a liability
pursuant to ASC 480, with the changes in fair value of the over-allotment liability recorded in the statements of 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