Company: TGE
Filing Date: 2025-11-21
Form Type: POS AM
Source: 0001213900-25-113604
Chunk: 4

Company: Generation Essentials Group
Filing Date: 2025-11-21
Form: POS AM
Chunk 4
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285,911 Class A Ordinary Shares
issuable upon the conversion of 19,285,911 Class B Ordinary Shares beneficially owned by AMTD Digital Inc.), and constituting approximately
58.4% of our issued 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. The sales of these securities could result in a significant decline in the public trading price
of the Class A Ordinary Shares and could impair our ability to raise capital through the sale of additional equity 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 “AMTD Lock-up Obligations” refers the obligations of AMTD Digital, AMTD IDEA
Group and AMTD Group Inc. (each, a “Lock-Up Obligor”) not to transfer or sell, during a period of three (3) years from
and after the Closing Date, subject to customary exceptions, (i) any Ordinary Shares or other equity securities of The Generation
Essentials Group held by such Lock-Up Obligor immediately after the Closing (including the Earnout Shares), excluding any Ordinary Shares
acquired in open market transactions after the Closing, (ii) any Ordinary Shares received by such Lock-Up Obligor upon the exercise,
conversion or settlement of options or warrants held by such Lock-Up Obligor immediately after Closing (along with such options or warrants
themselves), and (iii) any equity securities of The Generation Essentials Group issued or issuable with respect to any securities
referenced in clauses (i) through (ii) by way of share dividend or share split or in connection with a recapitalization,
merger, consolidation, spin-off, reorganization or similar transaction, pursuant to the TGE Shareholders Support Agreement.

The Selling Securityholders
may offer, sell or distribute all or a portion of these securities from time to time through public or private transactions, at either
prevailing market prices or at privately negotiated prices. The Selling Securityholders may sell these securities through ordinary brokerage
transactions, in