Company: TGE
Filing Date: 2025-07-10
Form Type: 424B3
Source: 0001213900-25-062835
Chunk: 284

Company: Generation Essentials Group
Filing Date: 2025-07-10
Form: 424B3
Chunk 284
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 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.

<div align='center'>F-35</div>

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 Founder Shares to each of the directors, officers and certain employees of Sponsor’s
affiliates is in the scope of FASB ASC Topic 718, “Compensation-Stock Compensation” (“ASC 718”). Under ASC 718,
stock-based compensation associated with equity-classified awards is measured at fair value upon the grant date. The fair value of the 630,000 shares
granted to the directors, officers and certain employees of Sponsor’s affiliates was $1,096,200 or $1.74 per share. The
Founder Shares were granted subject to a performance condition (i.e., the occurrence of a Business Combination). Compensation expense
related to the Founder Shares is recognized only when the performance condition is probable of occurrence under the applicable accounting
literature in this circumstance. As of