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The Generation Essentials Group (TGE) announced that its sponsored special purpose acquisition company, TGE Value Creative Solutions Corp, has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission for a proposed initial public offering of units.
Each unit will consist of one Class A ordinary share and one-half of one redeemable warrant. The company intends to list the units on The Nasdaq Stock Market LLC, according to the press release statement.
The registration statement has been filed but has not yet become effective. The securities cannot be sold until the registration statement becomes effective. The offering remains subject to market conditions, with no assurance regarding completion or final terms.
TGE described the SPAC filing as a first step in implementing its previously announced business expansion and acquisition strategy. The Generation Essentials Group operates as a global media and entertainment ecosystem covering high fashion, arts, lifestyle, cultural, entertainment and food and beverage sectors.
The company was jointly established by AMTD Group, AMTD IDEA Group (AMTD; SGX: HKB) and AMTD Digital Inc. (HKD). TGE is headquartered in France and comprises L’Officiel, The Art Newspaper, movie and entertainment projects.