Company: TGE
Filing Date: 2025-12-03
Form Type: 424B3
Source: 0001213900-25-117807
Chunk: 193

Company: Generation Essentials Group
Filing Date: 2025-12-03
Form: 424B3
Chunk 193
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, any person who has an option to acquire stock in a PFIC shall be considered to own such stock in the PFIC for
purposes of the PFIC rules. No final Treasury regulations are currently in effect under Section 1298(a)(4) of the Code. However,
proposed Treasury regulations under Section 1298(a)(4) of the Code have been promulgated with a retroactive effective date
(the “Proposed PFIC Option Regulations”). U.S. Holders should consult their tax advisors regarding the possible application
of the Proposed PFIC Option Regulations to the Warrants. The following discussion assumes that the Proposed PFIC Option Regulations will
apply to the Warrants.

The Default PFIC Regime applies
with respect to:

| ● | Any                                                                                     
 gain recognized by the U.S. Holder on the sale or other disposition of such Securities; 
 and                                                                                     |

| ● | any                                                                                         
 “excess distribution” made to the U.S. Holder with respect to such Securities               
 (generally, any distributions to such U.S. Holder during a taxable year of the U.S. Holder  
 that are greater than 125% of the average annual distributions received by such U.S. Holder 
 in respect of such Securities during the three preceding taxable years of such U.S. Holder  
 or, if shorter, such U.S. Holder’s holding period for such Securities).                     |

| ● | Under                    
 the Default PFIC Regime: |

| ● | the                                                                                        
 U.S. Holder’s gain or excess distribution will be allocated ratably over the U.S. Holder’s 
 holding period for such Securities;                                                        |

| ● | the                                                                                            
 amount of gain allocated to the U.S. Holder’s taxable year in which the U.S. Holder            
 recognized the gain or received the excess distribution, or to the period in the U.S. Holder’s 
 holding period before the first day of TGE’s first taxable year as a PFIC in which             
 the U.S. Holder held such Shares (such taxable year as it relates to each U.S. Holder,         
 the “First PFIC Holding Year”), will be taxed as ordinary income;                              |

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| ● | the                                                                                      
 amount of gain allocated to other taxable years (or portions thereof) of the U.S. Holder 
 and included in such U.S. Holder’s holding period will be taxed at the highest           
 tax rate in effect for that year and applicable to the U.S. Holder