Company: TGE
Filing Date: 2025-02-19
Form Type: DRS
Source: 0001213900-25-015012
Chunk: 455

Company: Generation Essentials Group
Filing Date: 2025-02-19
Form: DRS
Chunk 455
---
redeemable, except as described above, so long as they are held by the initial purchasers or their permitted transferees. NOTE 9. SUBSEQUENT EVENTS The Company evaluated subsequent events and transactions that occurred after the condensed balance sheet date up to the date that the condensed financial statements were issued. Based upon this review, other than as described below, the Company did not identify any subsequent events that would have required adjustment or disclosure in the condensed financial statements. On August 29, 2024, the Company consummated the Initial Public Offering of 15,000,000 units at $10.00 per Unit, generating gross proceeds of $150,000,000. Simultaneously with the closing of the Initial Public Offering, the Company consummated the sale of 11,000,000 warrants at a price of $0.50 per Private Placement Warrant, in a private placement to the Sponsor, generating gross proceeds of $5,500,000. Additionally, at the closing of the Initial Public Offering on August 29, 2024, the Company paid the underwriters the cash underwriting discount of 2.0% of gross proceeds, or $3,000,000 in the aggregate. On September 26, 2024, the underwriters purchased an additional 300,000 Units pursuant to the partial exercise of the over -allotmentoption. The Units were sold at an offering price of $10.00 per Unit, generating additional gross proceeds to the Company of $3,000,000. In connection with the partial exercise of the over -allotmentoption, 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. F-17 REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM (PCAOB ID NO. 6783) To the shareholders and the Board of Directors of World Media and Entertainment Universal Inc. Opinion on the Financial Statements We have audited the accompanying combined statements of financial position of World Media and Entertainment Universal Inc. and its subsidiaries (the “Company”) as of December 31, 2022 and 2023 and June 30, 2024, the related combined statements of profit or loss and other comprehensive income, changes in equity and cash flows the years ended December 31, 2022 and 2023 and six months ended June 30, 2024 and the