Company: TGE
Filing Date: 2025-07-03
Form Type: F-1/A
Source: 0001213900-25-061211
Chunk: 232

Company: Generation Essentials Group
Filing Date: 2025-07-03
Form: F-1/A
Chunk 232
---
 Flows from Investing Activities:                                                       |     |   |              |   |
| Investment of cash into Trust Account                                                       |     | $ | (153,000,000 | ) |
| Cash withdrawn from Trust Account for working capital purposes                              |     |   |      130,296 |   |
| Net cash used in investing activities                                                       |     |   | (152,869,704 | ) |
| Cash Flows from Financing Activities:                                                       |     |   |              |   |
| Proceeds from sale of Units, net of underwriting discounts paid                             |     | $ |  150,340,000 |   |
| Proceeds from sale of Private Placements Warrants                                           |     |   |    5,560,000 |   |
| Repayment of promissory note – related party                                                |     |   |     (193,720 | ) |
| Payment of offering costs                                                                   |     |   |     (318,143 | ) |
| Net cash provided by financing activities                                                   |     |   |  155,388,137 |   |
| Net Change in Cash                                                                          |     |   |    2,117,016 |   |
| Cash – Beginning of period                                                                  |     |   |            — |   |
| Cash – End of period                                                                        |     | $ |    2,117,016 |   |
| Non Cash investing and financing activities:                                                |     |   |              |   |
| Deferred offering costs paid by Sponsor in exchange for issuance of Class B ordinary shares |     | $ |       25,000 |   |
| Deferred offering costs paid through promissory note – related party                        |     | $ |      135,661 |   |
| Deferred underwriting fee payable                                                           |     | $ |    4,302,000 |   |

<div align='center'>The accompanying notes are an integral part of
these financial statements.

F-6

BLACK SPADE ACQUISITION II CO

NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2024</div>

NOTE 1 — DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS

Black Spade Acquisition II Co (the “Company”)
was incorporated in the Cayman Islands on May 9, 2024. The Company was formed for the purpose of effecting a merger, capital share
exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses