Company: TGE
Filing Date: 2025-06-24
Form Type: F-1
Source: 0001213900-25-057225
Chunk: 252

Company: Generation Essentials Group
Filing Date: 2025-06-24
Form: F-1
Chunk 252
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 share. Holders of Class B
ordinary shares are entitled to one vote for each share. On May 21, 2024, 4,312,500 Class B ordinary shares were issued, of
which an aggregate of up to 562,500 Class B ordinary shares were subject to forfeiture to the extent that the underwriters’
over-allotment option was not exercised in full or in part so that the number of Founder Shares would equal 20% of the Company’s
issued and outstanding ordinary shares after the Initial Public Offering. On September 26, 2024, the underwriters partially exercised
their over-allotment option and purchased an additional 300,000 Units. Due to the partial exercise and the decision to forfeit the
remaining option, 487,500 Class B ordinary shares were forfeited, and the Sponsor subsequently holds 3,825,000 Founder Shares at
December 31, 2024.

Only holders of the Class B ordinary shares
will have the right to vote on the election of directors prior to the Business Combination. Holders of Class A ordinary shares and
holders of Class B ordinary shares will vote together as a single class on all matters submitted to a vote of the shareholder except
as otherwise required by law. In connection with the initial business combination, the Company may enter into a shareholders’ agreement
or other arrangements with the shareholders of the target or other investors to provide for voting or other corporate governance arrangements
that differ from those in effect upon completion of this offering.

The Class B ordinary shares will convert
into Class A ordinary shares concurrently with or immediately following the initial Business Combination, or earlier at the option
of the holder, on a one-for-one basis, subject to adjustment for share subdivisions, share capitalizations, recapitalizations and the
like, and subject to further adjustment as provided herein. In the case that additional Class A ordinary shares or equity-linked
securities are issued or deemed issued in connection with the initial Business Combination, the number of Class A ordinary shares
issuable upon conversion of all founder shares will equal, in the aggregate, 20% of the sum of (i) the total number of Class A
ordinary shares issued and outstanding upon completion of the Initial Public Offering, plus (ii) the total number of Class A
ordinary shares issuable upon conversion of the Class B ordinary shares issued and outstanding upon the completion of the Initial
Public Offering, plus (iii) the total number of Class A ordinary shares issued, or deemed