Company: TGE
Filing Date: 2025-07-10
Form Type: 424B3
Source: 0001213900-25-062835
Chunk: 156

Company: Generation Essentials Group
Filing Date: 2025-07-10
Form: 424B3
Chunk 156
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 and outstanding Ordinary Shares and represented 93.8% of the aggregate voting power of our total issued and outstanding share capital
as of the date of this prospectus (assuming exercise of all outstanding Warrants), so long as the registration statement of which this
prospectus forms a part is available for us. These shares were acquired at prices significantly below the current trading price of the
Class A Ordinary Shares. Sales of a substantial number of Registered Securities, or the perception that those sales might occur,
could result in a significant decline in the public trading price of our securities and could impair our ability to raise capital through
the sale or issuance of additional equity securities. We are unable to predict the effect that such sales may have on the prevailing market
price of our securities. See “Risk Factors — Risks Relating to Our Securities — Future resales of Ordinary Shares issued
to our shareholders and other significant shareholders may cause the market price of the Class A Ordinary Shares to drop significantly,
even if our business is doing well.” The issuance and sale of additional equity would also result in further dilution to our shareholders.
The incurrence of indebtedness would result in increasing fixed obligations and could result in operating covenants that would restrict
our operations.

We will not receive any proceeds
from any sale of the Registered Securities by the Selling Securityholders. We will receive proceeds of up to an aggregate of approximately
US$186,530,000 from the exercise of the Warrants if all of the Warrants are exercised for cash. However, the exercise price of the Warrants
is US$11.50 per share and the closing price of our Class A Ordinary Shares on the NYSE on June 23, 2025 was US$7.79 per ordinary
share. The likelihood that warrant holders will exercise the Warrants and any cash proceeds that we would receive are dependent upon the
market price of the Class A Ordinary Shares, among other things. If the market price for the Class A Ordinary Shares is less
than US$11.50 per share, we believe warrant holders will be unlikely to exercise their Warrants. There is no assurance that the Warrants
will be “in the money” prior to their expiration or that the warrant holders will exercise their Warrants. Holders of the
Sponsor Warrants have the option to exercise the Sponsor Warrants on a cashless basis in accordance with the Warrant Agreement. To the
extent that any Warrants are exercised on a cashless basis, the amount of