Company: TGE
Filing Date: 2025-07-03
Form Type: F-1/A
Source: 0001213900-25-061211
Chunk: 287

Company: Generation Essentials Group
Filing Date: 2025-07-03
Form: F-1/A
Chunk 287
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mation of the initial Business Combination (including securities issued or issuable pursuant to forward purchase
agreements or backstop arrangements the Company may enter into prior to or following consummation of this offering but excluding the
forward purchase warrants), excluding any Class A ordinary shares or equity-linked securities exercisable for or convertible into
Class A ordinary shares issued, or to be issued, to any seller in the initial Business Combination and any private placement warrants
issued to the Sponsor, officers or directors upon conversion of working capital loans, minus (iv) the number of Class A ordinary
shares redeemed by public shareholders; provided that such conversion of Founder Shares will never occur on a less than one-for-one basis.

NOTE 8. WARRANTS

As of March 31, 2025
and December 31, 2024, there were 16,220,000 warrants outstanding, including 5,100,000 Public Warrants and 11,120,000 Private
Placement Warrants. Public Warrants may only be exercised for a whole number of shares. No fractional warrants will be issued
upon separation of the Units and only whole warrants will trade. The Public Warrants will become exercisable on the later of (a) 30 days after
the completion of a Business Combination and (b) 12 months from the closing of the Initial Public Offering. The Public
Warrants will expire five years after the completion of a Business Combination or earlier upon redemption or liquidation.

The Company will not
be obligated to deliver any Class A ordinary shares pursuant to the exercise of a warrant and will have no obligation to settle
such warrant exercise unless a registration statement under the Securities Act covering the issuance of Class A ordinary shares
issuable upon exercise of the warrants is then effective and a current prospectus relating to those Class A ordinary shares is available,
subject to the Company satisfying its obligations with respect to registration, or a valid exemption from registration is available.
No warrant will be exercisable for cash or on a cashless basis, and the Company will not be obligated to issue any shares to holders
seeking to exercise their warrants, unless the issuance of the shares upon such exercise is registered or qualified under the securities
laws of the state of residence of the exercising holder, or an exemption from registration is available.

<div align='center'>F-38</div>

The Company has agreed
that as soon as practicable, but in no event later than 30 business days after the closing of a Business Combination,
the Company will use