Company: TGE
Filing Date: 2025-07-10
Form Type: 424B3
Source: 0001213900-25-062835
Chunk: 264

Company: Generation Essentials Group
Filing Date: 2025-07-10
Form: 424B3
Chunk 264
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 31, 2024, respectively     |     |             | 156,875,931 |   |     |              | 155,345,149 |   |
| SHAREHOLDERS’ DEFICIT                                                                                        |     |             |             |   |     |              |             |   |
| Preferred shares, $0.0001 par value; 1,500,000 shares                                                        
 authorized; none issued and outstanding at March 31, 2025 and December 31, 2024                              |     |             |           — |   |     |              |           — |   |
| Class A Ordinary Shares, $0.0001 par value; 150,000,000 shares                                               
 authorized; none issued and outstanding at March 31, 2025 and December 31, 2024 (excluding 15,300,000 shares 
 subject to possible redemption), respectively                                                                |     |             |           — |   |     |              |           — |   |
| Class B Ordinary Shares, $0.0001 par value; 15,000,000 shares                                                
 authorized; 3,825,000 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively    |     |             |         382 |   |     |              |         382 |   |
| Additional paid-in capital                                                                                   |     |             |           — |   |     |              |           — |   |
| Accumulated deficit                                                                                          |     |             |  (4,710,870 | ) |     |              |  (3,190,466 | ) |
| TOTAL SHAREHOLDERS’                                                                                          
 DEFICIT                                                                                                      |     |             |  (4,710,488 | ) |     |              |  (3,190,084 | ) |
| TOTAL LIABILITIES                                                                                            
 AND SHAREHOLDERS’ DEFICIT                                                                                    |     | $           | 158,979,885 |   |     | $            | 157,595,259 |   |

<div align='center'>The accompanying notes
are an integral part of the unaudited condensed financial statements.

F-23

BLACK SPADE ACQUISITION II CO

CONDENSED STATEMENT OF OPERATIONS

FOR THE THREE MONTHS ENDED MARCH 31, 2025

(UNAUDITED)</div>

| General and administrative                                   
 expenses                                                     |     | $ |