Company: TGE
Filing Date: 2025-07-10
Form Type: 424B3
Source: 0001213900-25-062835
Chunk: 189

Company: Generation Essentials Group
Filing Date: 2025-07-10
Form: 424B3
Chunk 189
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 profits (e.g., through an increase
in the number of Class A Ordinary Shares that would be obtained upon exercise) as a result of a distribution of cash to the holders
of Class A Ordinary Shares that is taxable to the U.S. Holders of such Class A Ordinary Shares as a distribution as described
above under “—Taxation of Dividends and Other Distributions on Class A Ordinary Shares.” Such a constructive
distribution to the U.S. Holders of the warrants would be subject to tax as described under that section in the same manner as if
the U.S. Holders of the warrants received a cash distribution from us equal to the fair market value of the increase in the interest.
A U.S. Holder’s adjusted tax basis in a Warrant would generally be increased to the extent any such constructive distribution
is treated as a dividend.

Taxation on the
Disposition of the Securities

Subject to the PFIC rules
discussed below, upon a sale or other taxable disposition of the Securities, a U.S. Holder will generally recognize capital gain
or loss. The amount of gain or loss recognized will generally be equal to the difference between (i) the sum of the amount of cash
and the fair market value of any property received in such disposition and (ii) the U.S. Holder’s adjusted tax basis in
such securities.

Under tax law currently in
effect, long-term capital gains recognized by non-corporate U.S. Holders are generally subject to U.S. federal income tax
at a reduced rate of tax. Capital gain or loss will constitute long-term capital gain or loss if the U.S. Holder’s holding
period for the securities exceeds one year. The deductibility of capital losses is subject to various limitations.

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Exercise, Lapse
or Redemption of a Warrant

Subject to the PFIC rules
discussed below and except as discussed below regarding a cashless exercise, a U.S. Holder will generally not recognize gain or loss
upon the exercise of a Warrant. A Class A Ordinary Share acquired pursuant to the exercise of n Warrant for cash will generally have
a tax basis equal to the U.S. Holder’s tax basis in the Warrant, increased by the amount paid to exercise the Warrant. It is
unclear whether a U.S. Holder’s holding period for the Class A Ordinary Share will commence on the date of exercise of
the Warrant or the day following the date of exercise of the