Company: TGE
Filing Date: 2025-07-10
Form Type: 424B3
Source: 0001213900-25-062835
Chunk: 89

Company: Generation Essentials Group
Filing Date: 2025-07-10
Form: 424B3
Chunk 89
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 the pro forma adjustments related to the
TGE Reorganization, which we refer to as the “TGE Reorganization Adjustments,” and the pro forma adjustments related to the
Black Spade II’s IPO, which we refer to as the “Completion of Initial Public Offering Adjustments,” collectively, are
described in the notes to the unaudited pro forma consolidated financial information.

The unaudited pro forma condensed
combined statements of profit or loss and other comprehensive income (i) are based on information currently available, (ii) are
intended for informational purposes only, (iii) are not necessarily indicative of and do not purport to represent what our operating
results would have been had the Transactions, TGE Reorganization and Black Spade II’s IPO occurred as described or what our future
operating results will be after giving effect to these events, and (iv) do not reflect all actions that may be undertaken by us after
the Transactions, TGE Reorganization and Black Spade II’s IPO.

Description of the Transactions

On January 27, 2025,
Black Spade II entered into the Business Combination Agreement with The Generation Essentials Group and WME Merger Sub Limited, a
wholly owned subsidiary of The Generation Essentials Group (“Merger Sub”). Pursuant to the Business Combination Agreement,
on June 3, 2025, Merger Sub merged with and into Black Spade II, with Black Spade II surviving the Merger. As a result of the Merger,
and upon consummation of the Merger and the other transactions entered into in connection with the Business Combination Agreement, Black
Spade II became a wholly owned subsidiary of The Generation Essentials Group, with the securityholders of Black Spade II becoming
securityholders of The Generation Essentials Group. After the completion of the Transactions, (i) the Class A Ordinary Shares
became listed on the NYSE under the trading symbol “TGE,” (ii) the Warrants became listed on the NYSE American under the trading
symbol “TGE WS,” and (iii) The Generation Essentials Group became a publicly-listed entity.

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Pursuant to the Business Combination
Agreement at the Merger Effective Time:

| ● | Each Class B ordinary share of Black Spade II, par value $0.0001 per share (“BSII Class B Ordinary                              
 Shares”) that was issued and outstanding immediately prior to the Merger Effective Time was automatically cancelled in exchange