Company: TGE
Filing Date: 2025-07-10
Form Type: 424B3
Source: 0001213900-25-062835
Chunk: 72

Company: Generation Essentials Group
Filing Date: 2025-07-10
Form: 424B3
Chunk 72
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 non-U.S. corporation
will generally be a PFIC for U.S. federal income tax purposes if, in any taxable year, either (1) at least 75% of its gross
income for such year is passive income (such as interest, dividends, rents and royalties (other than rents or royalties derived from the
active conduct of a trade or business) and net gains from the disposition of assets giving rise to passive income) or (2) at least
50% of the value of its assets (based on an average of the quarterly values of the assets) during such year is attributable to assets
that produce or are held for the production of passive income.

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Based on the current and anticipated
value of the assets and the composition of the income and assets, including goodwill and other unbooked 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