Company: TGE
Filing Date: 2025-07-10
Form Type: 424B3
Source: 0001213900-25-062835
Chunk: 246

Company: Generation Essentials Group
Filing Date: 2025-07-10
Form: 424B3
Chunk 246
---
| Proceeds allocated to Public Warrants                                     |     |   |    (555,900 | ) |
| Proceeds allocated to the over-allotment option                           |     |   |    (253,969 | ) |
| Class A ordinary shares issuance costs                                    |     |   |  (7,384,717 | ) |
| Plus:                                                                     |     |   |             |   |
| Remeasurement of carrying value to redemption value                       |     |   |  10,539,735 |   |
| Class A Ordinary Shares subject to possible redemption, December 31, 2024 |     | $ | 155,345,149 |   |

<div align='center'>F-12

BLACK SPADE ACQUISITION II CO
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2024</div>

NOTE 2 — SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (cont.)

Net Income Per Ordinary Share

The Company complies with accounting and disclosure
requirements of FASB ASC Topic 260, “Earnings Per Share.” The Company has two classes of shares, (i) Class A
Ordinary Shares and non-redeemable Class A Ordinary Shares and (ii) Class B ordinary shares, par value of $0.0001 per share
(the “Class B Ordinary Shares, and together with the Class A Ordinary Shares, the “Ordinary Shares”). Income
and losses are shared pro rata between the two classes of shares. Net income per Ordinary Share is calculated by dividing the net income
by the weighted average shares of Ordinary Shares outstanding for the respective period.

The calculation of diluted net income did not consider
the effect of the 5,100,000 Public Warrants underlying the Units sold in the Initial Public Offering (including the consummation
of the over-allotment) and the 11,120,000 Private Placement Warrants to purchase an aggregate of 16,220,000 shares of Class A Ordinary
Shares in the calculation of diluted income per ordinary share, because their exercise is contingent upon future events. Accretion associated
with the redeemable Class A Ordinary Shares is excluded from earnings per share as the redemption value approximates fair value.

The following table reflects the calculation of
basic and diluted net income per Ordinary Share (in dollars, except per share amounts):

|                                                      |     | For                
 the Year           
 Ended December 31, 
 2024               |           |