Company: TGE
Filing Date: 2025-07-10
Form Type: 424B3
Source: 0001213900-25-062835
Chunk: 202

Company: Generation Essentials Group
Filing Date: 2025-07-10
Form: 424B3
Chunk 202
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 an exemption is not available. If the registration statement
covering the Class A Ordinary Shares issuable upon exercise of the Warrants is not effective within 60 business days after the closing
of the Business Combination, holders of Warrants may, until such time as there is an effective registration statement and during any period
when we will have failed to maintain an effective registration statement, exercise Warrants on a “cashless basis” in accordance
with Section 3(a)(9) of the Securities Act or another exemption.

In the case of a cashless
exercise, each holder would pay the exercise price by surrendering the Warrants for that number of Class A Ordinary Shares equal to the
quotient obtained by dividing (x) the product of the number of Class A Ordinary Shares underlying the Warrants, multiplied by the
excess of the “fair market value” less the exercise price of the Warrants by (y) the fair market value. The “fair
market value” as used in this paragraph means the volume-weighted average price of the Class A Ordinary Shares as reported during
the 10 trading day period ending on the trading day prior to the date on which the notice of exercise is received by the Warrant
agent.

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A holder of a Warrant may
notify us in writing in the event it elects to be subject to a requirement that such holder will not have the right to exercise such Warrant,
to the extent that after giving effect to such exercise, such person (together with such person’s affiliates), to the Warrant agent’s
actual knowledge, would beneficially own in excess of 4.9% or 9.8% (as specified by the holder) of the Class A Ordinary Shares issued
and outstanding immediately after giving effect to such exercise.

Redemption of Warrants.After
the Warrants become exercisable, we may redeem the outstanding Warrants (except as described herein with respect to the private placement
Warrants):

| ● | in whole and not in part; |

| ● | at a price of $0.01 per Warrant; |

| ● | upon a minimum of 30 days’ prior written notice of redemption to each Warrant holder; and |

| ● | if, and only if, the closing price of the Class A Ordinary Shares equals or exceeds $18.00 per share (as                                  
 adjusted for adjustments to the number of shares issuable upon exercise or the exercise price of a Warrant as