Company: TGE
Filing Date: 2025-07-03
Form Type: F-1/A
Source: 0001213900-25-061211
Chunk: 233

Company: Generation Essentials Group
Filing Date: 2025-07-03
Form: F-1/A
Chunk 233
---
 (the “Business
Combination”). The Company is not limited to a particular industry or sector for purposes of consummating a Business Combination.
The Company is an early stage and emerging growth company, and, as such, the Company is subject to all of the risks associated with early
stage and emerging growth companies.

As of December 31, 2024, the Company had not
commenced any operations. All activity for the period from May 9, 2024 (inception) through December 31, 2024 relates to the
Company’s formation and the initial public offering (“Initial Public Offering”), which is described below, and subsequent
to the Initial Public Offering, identifying a target company for a Business Combination. The Company will not generate any operating revenue
until after the completion of its initial Business Combination, at the earliest. The Company will generate non-operating income in the
form of interest income from the proceeds derived from the Initial Public Offering. The Company has selected December 31 as its fiscal year
end.

The registration statement for the Company’s
Initial Public Offering was declared effective on August 23, 2024. On August 29, 2024, the Company consummated the Initial Public
Offering of 15,000,000 units (the “Units” and, with respect to the Class A ordinary shares included in the Units being
offered, the “Public Shares”) at $10.00 per Unit, generating gross proceeds of $150,000,000, which is discussed in Note 3.

Simultaneously with the closing of the Initial Public
Offering, the Company consummated the sale of 11,000,000 warrants (the “Private Placement Warrants”) at a price of $0.50
per Private Placement Warrant, in a private placement to Black Spade Sponsor LLC II, the Company’s sponsor (the “Sponsor”),
generating gross proceeds of $5,500,000, which is described in Note 4.

The Company had granted the underwriters in the
Initial Public Offering, a 45-day option to purchase up to 2,250,000 additional Units to cover over-allotments, if any (“Over-Allotment
Units”). On September 26, 2024, the underwriters exercised a portion of the option and purchased 300,000 Over-Allotment Units,
generating gross proceeds of $3,000,000. In connection with the partial exercise of