Company: TGE
Filing Date: 2025-07-03
Form Type: F-1/A
Source: 0001213900-25-061211
Chunk: 265

Company: Generation Essentials Group
Filing Date: 2025-07-03
Form: F-1/A
Chunk 265
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sponsor (the “Sponsor”), generating gross proceeds of $5,500,000, which is described in Note 4.

The Company had granted
the underwriters in the Initial Public Offering, a 45-day option to purchase up to 2,250,000 additional Units to cover
over-allotments, if any (“Over-Allotment Units”). On September 26, 2024, the underwriters exercised a portion of the
option and purchased 300,000 Over-Allotment Units, generating gross proceeds of $3,000,000. In connection with the partial
exercise of the over-allotment option, the Sponsor purchased an additional 120,000 Private Placement Warrants at a purchase
price of $0.50 per Private Placement Warrant, generating additional gross proceeds to the Company of $60,000. The underwriters have
forfeited the option to purchase the remaining 1,950,000 Units.

Transaction costs amounted
to $7,440,804, consisting of $2,660,000 of cash underwriting fee (net of $400,000 underwriters’ reimbursement), $4,302,000 of
deferred underwriting fee (see additional discussion in Note 6), and $478,804 of other offering costs.

The Company’s management
has broad discretion with respect to the specific application of the net proceeds of the Proposed Public Offering and the sale of Private
Placement Warrants, although substantially all of the net proceeds are intended to be applied generally toward consummating a Business
Combination. There is no assurance that the Company will be able to complete a Business Combination successfully.

The Company must complete
one or more initial Business Combinations with one or more operating businesses or assets with a fair market value equal to at least 80%
of the net assets held in the Trust Account (as defined below) (excluding the deferred underwriting commissions on the Trust Account).
The Company will only complete a Business Combination if the post-transaction company owns or acquires 50% or more of the outstanding
voting securities of the target or otherwise acquires a controlling interest in the target business sufficient for it not to be required
to register as an investment company under the Investment Company Act of 1940, as amended (the “Investment Company Act”).

Following the closing
of the Initial Public Offering, on August 29, 2024, and the partial over-allotment close on September 26, 2024,