Company: TGE
Filing Date: 2025-03-21
Form Type: DRS/A
Source: 0001013762-25-001106
Chunk: 459

Company: Generation Essentials Group
Filing Date: 2025-03-21
Form: DRS/A
Chunk 459
---
-allotment option liability                                                            |     |     3 |     | $          | 253,969 |
| Equity:                                                                                    |     |       |     |            |         |
| Fair value of Public Warrants for Class A ordinary shares subject to redemption allocation |     |     3 |     | $          | 545,000 |

The over -allotmentoption was accounted for as a liability in accordance with ASC 815 -40and was presented within liabilities on the balance sheet. The over -allotmentoption liability is measured at fair value at inception and on a recurring basis, with changes in fair value presented within change in fair value of over -allotmentoption liability in the statement of operations. Upon the partial exercise of the over -allotmentoption by the underwriters on September 26, 2024, the Company recorded $221,227 unrealized gain on change in fair value of over -allotmentliability. The Company used a Black -Scholesmodel to value the over -allotmentoption. The over -allotmentoption liability was classified within Level 3 of the fair value hierarchy at the measurement dates due to the use of unobservable inputs inherent in pricing models are assumptions related to expected share -pricevolatility, expected life and risk -freeinterest rate. The Company estimates the volatility of its ordinary share based on historical volatility that matches the expected remaining life of the option. The risk -freeinterest rate is based on the U.S. Treasury zero -couponyield curve on the grant date for a maturity similar to the expected remaining life of the option. The expected life of the option is assumed to be equivalent to their remaining contractual term. The key inputs into the Black -Scholesmodel were as follows at initial measurement of the over -allotmentoption:

| Input                             |     | August 29, 
 2024       |       |   |
|:----------------------------------|:----|:-----------|------:|:--|
| Risk-free interest rate           |     |            |  5.40 | % |
| Expected term (years)             |     |            |  0.12 |   |
| Expected volatility               |     |            |  5.42 | % |
| Exercise price                    |     | $          | 10.00 |   |
| Fair value of over-allotment Unit |     | $          | 0.113 |   |

The following table provides a summary