Company: TGE
Filing Date: 2025-06-24
Form Type: F-1
Source: 0001213900-25-057225
Chunk: 154

Company: Generation Essentials Group
Filing Date: 2025-06-24
Form: F-1
Chunk 154
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 to redeem their shares for cash at a redemption
price of approximately US$10.30 per share, for an aggregate redemption amount of approximately US$135.2 million, representing approximately
85.8% of the total BSII Class A Shares outstanding as of the Record Date. We raised gross cash proceeds of approximately US$22.5 million
in connection with the Business Combination.

We may seek additional equity
or debt financing in the future to satisfy capital requirements, respond to adverse developments or changes in our circumstances or unforeseen
events or conditions, or fund organic or inorganic growth.

Subject to the AMTD Lock-up
Obligations, the Selling Securityholders can sell, under this prospectus, up to (i) 57,401,944 Class A Ordinary Shares constituting approximately
88.7% of the total issued and outstanding Ordinary Shares (assuming exercise of all outstanding Warrants), and (ii) 11,120,000 Warrants,
representing approximately 68.6% of our outstanding Warrants, as of the date of this prospectus. Subject to the AMTD Lock-up Obligations,
AMTD Digital, AMTD IDEA Group, AMTD Group Inc. can sell all Ordinary Shares beneficially owned by them under this prospectus, being 37,756,286
Class A Ordinary Shares (including (i) 18,470,375 Class A Ordinary Shares and (ii) 19,285,911 Class A Ordinary Shares issuable upon the
conversion of 19,285,911 Class B Ordinary Shares beneficially owned by AMTD Digital Inc.), and constituting approximately 58.4% of our
issued and outstanding Ordinary Shares and represented 93.8% of the aggregate voting power of our total issued and outstanding share capital
as of the date of this prospectus (assuming exercise of all outstanding Warrants), so long as the registration statement of which this
prospectus forms a part is available for us. These shares were acquired at prices significantly below the current trading price of the
Class A Ordinary Shares. Sales of a substantial number of Registered Securities, or the perception that those sales might occur,
could result in a significant decline in the public trading price of our securities and could impair our ability to raise capital through
the sale or issuance of additional equity securities. We are unable to predict the effect that such sales may have on the prevailing market
price of our securities. See “Risk Factors — Risks Relating to Our Securities — Future res