Company: TGE
Filing Date: 2025-12-03
Form Type: 424B3
Source: 0001213900-25-117807
Chunk: 63

Company: Generation Essentials Group
Filing Date: 2025-12-03
Form: 424B3
Chunk 63
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Financial pressures, print
publication industry trends or economics, labor shortages or unrest, changing legal obligations regarding classification of workers or
other circumstances that affect our print and distribution partners and lead to reduced operations or consolidations or closures of print
sites or distribution routes may increase the cost of printing and distributing our print publications, decrease our revenues if printing
and distribution are disrupted and impact the quality of our printing and distribution. The geographic scope and frequency with which
magazines are printed and distributed by our partners at times affects our ability to print and distribute our print publications and
can adversely affect our operating results.

If we experience significant
disruptions in our printing and distribution channels, or a significant increase in the costs to print and distribute our print publications,
our reputation and operating results may be adversely affected. Furthermore, if the audience base to our and other companies’ print
products declines, our and our vendors’ fixed costs to print and deliver paper products are spread over fewer paper copies. We
may be unable to offset these increasing per-unit costs, alongside decreasing print media audience base, with revenue from price increases,
and our operating results may be adversely affected.

We depend on certain
franchisees to produce and distribute our print publications.

We depend on our franchisees
to produce and distribute print publications in many geographies and receive royalties from these licenses. We rely on these franchisees
to maintain operational and financial control over their businesses. Should these franchisees fail to monitor and control their operations
adequately or if our relationship with them is disrupted or changed to our detriment, our income from royalties will decline.

The agreements with our franchisees
typically allow either party to terminate the relationship under certain conditions, including breaches of contractual obligations, failure
to meet performance standards, or other specified events. If our franchisees choose to terminate these agreements, we could experience
a loss of revenue, disruption in operations and damage to our brand reputation in the affected markets. Conversely, if we terminate the
franchise agreements, we may face legal disputes and reputational harm. If circumstances required that an existing franchisee be replaced,
we could face challenges in finding replacement franchisees and there can be no assurance that a replacement franchisee would be able
to contribute the same resources as the prior franchisee in terms of management, production and distribution. The necessity to replace
a franchisee and, in particular, an inability to replace a franchisee for any period of time would adversely affect our financial performance
both directly, from reduced