Company: TGE
Filing Date: 2025-07-10
Form Type: 424B3
Source: 0001213900-25-062835
Chunk: 194

Company: Generation Essentials Group
Filing Date: 2025-07-10
Form: 424B3
Chunk 194
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 election with respect to such shares for such taxable year. If the U.S. Holder makes (or has made)
a valid mark-to-market election with respect to Shares for such holder’s First PFIC Holding Year, such holder will generally
not be subject to the Default PFIC Regime in respect of such shares as long as such shares continue to be treated as marketable shares.
Instead, in general, the U.S. Holder will include as ordinary income for each year that TGE is treated as a PFIC the excess, if any,
of the fair market value of such shares at the end of its taxable year over the adjusted basis in such shares. The U.S. Holder also
will be allowed to take an ordinary loss in respect of the excess, if any, of the adjusted basis of such shares over the fair market value
of such shares at the end of its taxable year (but only to the extent of the net amount of previously included income as a result of the
mark-to-market election). The U.S. Holder’s basis in such shares will be adjusted to reflect any such income or loss amounts,
and any further gain recognized on a sale or other taxable disposition of such shares in a taxable year in which TGE is treated as a PFIC
will be treated as ordinary income. Special tax rules may also apply if a U.S. Holder makes a mark-to-market election for a
taxable year after such holder’s First PFIC Holding Year. Currently, a mark-to-market election may not be made with respect
to any Warrants.

The mark-to-market election
is available only for stock that is regularly traded on a national securities exchange that is registered with the Securities and Exchange
Commission. U.S. Holders should consult their own tax advisors regarding the availability and tax consequences of a mark-to-market election
under their particular circumstances.If TGE is a PFIC and, at any time, has an equity interest in any foreign entity that is classified
as a PFIC, U.S. Holders of the Securities would generally be deemed to own a proportionate amount (by value) of the shares of such
lower-tier PFIC, and generally could incur liability for the deferred tax and interest charge described above if TGE receives a distribution
from, or disposes of all or part of TGE’s interest in, the lower-tier PFIC or the U.S. Holders otherwise were deemed to have
disposed of an interest in the lower-tier PFIC, in each case, as if the