Company: TGE
Filing Date: 2025-07-10
Form Type: 424B3
Source: 0001213900-25-062835
Chunk: 249

Company: Generation Essentials Group
Filing Date: 2025-07-10
Form: 424B3
Chunk 249
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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. Each Private Placement Warrant is exercisable to purchase one Class A ordinary share at a price of $11.50
per share, subject to adjustment (see Note 7). The proceeds from the sale of the Private Placement Warrants were added to the net
proceeds from the Initial Public Offering held in the Trust Account. If the Company does not complete a Business Combination within the
Combination Period, the proceeds from the sale of the Private Placement Warrants held in the Trust Account will be used to fund the redemption
of the Public Shares (subject to the requirements of applicable law) and the Private Placement Warrants will expire worthless. The Private
Placement Warrants (including Class A ordinary shares issuable upon exercise of the Private Placement Warrants) are not transferable,
assignable or saleable until 30 days after the completion of an Initial Business Combination, subject to certain exceptions.

NOTE 5 — RELATED PARTY TRANSACTIONS

Founder Shares

On May 21, 2024, the Sponsor purchased 4,312,500
of the Company’s Class B ordinary shares (the “Founder Shares”) in exchange for a capital contribution of $25,000
that was paid by the Sponsor for deferred offering costs. The Founder Shares include an aggregate of up to 562,500 shares subject to forfeiture
to the extent that the underwriters’ over-allotment is not exercised in full or in part, so that the number of Founder Shares will
equal, on an as-converted basis, approximately 20% of the Company’s issued and outstanding ordinary shares after the Initial Public
Offering. On September 26, 2024, the underwriters partially exercised their over-allotment option and purchased an additional 300,000 Units.
Due to the partial exercise and the decision to forfeit the remaining option, 487,500 Class B ordinary shares were forfeited and
the Sponsor subsequently holds 3,825,000 Founder Shares.

On August 20, 2024, the Sponsor transferred
a total of 630,000 Founder Shares to directors, officers and certain employees of Sponsor’s affiliates, at a price of $0.006 per
share. The sale of the Founders Shares to each of the directors, officers and certain employees of Sponsor’s affiliates is in the
scope of FASB ASC Topic