Company: TGE
Filing Date: 2025-07-10
Form Type: 424B3
Source: 0001213900-25-062835
Chunk: 2

Company: Generation Essentials Group
Filing Date: 2025-07-10
Form: 424B3
Chunk 2
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 outstanding Ordinary Shares and represented 93.8% of the aggregate voting power of our total issued and outstanding
share capital as of the date of this prospectus (assuming exercise of all outstanding Warrants), so long as the registration statement
of which this prospectus forms a part is available for us. These shares were acquired at prices significantly below the current trading
price of the Class A Ordinary Shares. The sales of these securities could result in a significant decline in the public trading price
of the Class A Ordinary Shares and could impair our ability to raise capital through the sale of additional equity securities. See “Risk
Factors — Risks Relating to Our Securities — Future resales of Ordinary Shares issued to our shareholders
and other significant shareholders may cause the market price of the Class A Ordinary Shares to drop significantly, even if our business
is doing well.” The “AMTD Lock-up Obligations” refers the obligations of AMTD Digital, AMTD IDEA Group and AMTD Group
Inc. (each, a “Lock-Up Obligor”) not to transfer or sell, during a period of three (3) years from and after the Closing
Date, subject to customary exceptions, (i) any Ordinary Shares or other equity securities of The Generation Essentials Group held
by such Lock-Up Obligor immediately after the Closing (including the Earnout Shares), excluding any Ordinary Shares acquired in open market
transactions after the Closing, (ii) any Ordinary Shares received by such Lock-Up Obligor upon the exercise, conversion or settlement
of options or warrants held by such Lock-Up Obligor immediately after Closing (along with such options or warrants themselves), and (iii) any
equity securities of The Generation Essentials Group issued or issuable with respect to any securities referenced in clauses (i) through
(ii) by way of share dividend or share split or in connection with a recapitalization, merger, consolidation, spin-off, reorganization
or similar transaction, pursuant to the TGE Shareholders Support Agreement.

The Selling Securityholders
may offer, sell or distribute all or a portion of these securities from time to time through public or private transactions, at either
prevailing market prices or at privately negotiated prices. The Selling Securityholders may sell these securities through ordinary brokerage
transactions, in underwritten offerings, directly to market makers of our securities or through any other means described in the section
entitled “Plan of Distribution” herein. In connection with any sales of securities offered hereunder, the Selling Securityholders,
any underwriters,