13G/A: Harraden Circle exit from >5% ownership, now holds 1.93% of TGE

Rhea-AI Filing Summary

Amendment to Schedule 13G for Generation Essentials Group (Class A common stock) reports that a group of Harraden Circle entities and Frederick V. Fortmiller, Jr. collectively disclose beneficial ownership of 562,820 shares, representing 1.93% of the class. The filing lists each reporting person, their relationships, and shows no sole voting or dispositive power—all voting and disposition rights are shared for the reported shares. The filing identifies Harraden Circle Funds, their GP/LLC advisers, and Mr. Fortmiller as managing member, and gives the issuer's principal executive office in Paris. An explanatory note states the Amendment is an exit filing reporting that the Reporting Persons have ceased to be beneficial owners of more than five percent of the issuer's Class A common stock.

Insights

Financial Analyst

TL;DR: Harraden Circle reports 562,820 shares (1.93%), filing an exit from >5% ownership; holdings are shared, not sole.

The Amendment to the Schedule 13G discloses an aggregate beneficial ownership of 562,820 shares (1.93%) across Harraden-affiliated funds and related entities. All reported voting and dispositive powers are shared, with zero sole voting or dispositive power reported. The filing serves as an exit notice that the Reporting Persons no longer exceed the five-percent threshold. From a capital-structure perspective, the reported stake is below material thresholds that typically trigger control concerns; the disclosure clarifies ownership lines among the fund, its GP and advisers as stated in Item 2.

Corporate Governance Expert

TL;DR: Clear disclosure of ownership structure and delegation: GP/LLC/adviser relationships are described and aggregate stake is 1.93%.

The filing itemizes each Harraden entity and Mr. Fortmiller and explains the governance relationships: the GP and LLC serve as general partners and adviser roles that create indirect beneficial ownership of the funds' shares. The report explicitly records shared voting and dispositive power over 562,820 shares and classifies the filing as an exit from >5% ownership. The structured disclosure aligns with Schedule 13G requirements by identifying persons, citizenship/place of organization, and ownership figures without indicating sole control.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Generation Essentials Group

(Name of Issuer)

Class A Common Stock

(Title of Class of Securities)

G38268101

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. G38268101

1

Names of Reporting Persons

Harraden Circle Investments, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 562,820.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 562,820.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

562,820.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

1.93 %

12

Type of Reporting Person (See Instructions)

OO, HC, IA

SCHEDULE 13G

CUSIP No. G38268101

1

Names of Reporting Persons

Harraden Circle Investors GP, LP

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 554,529.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 554,529.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

554,529.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

1.90 %

12

Type of Reporting Person (See Instructions)

PN, HC

SCHEDULE 13G

CUSIP No. G38268101

1

Names of Reporting Persons

Harraden Circle Investors GP, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 554,529.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 554,529.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

554,529.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

1.90 %

12

Type of Reporting Person (See Instructions)

OO, HC

SCHEDULE 13G

CUSIP No. G38268101

1

Names of Reporting Persons

Harraden Circle Investors, LP

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 266,508.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 266,508.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

266,508.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0.91 %

12

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13G

CUSIP No. G38268101

1

Names of Reporting Persons

Harraden Circle Special Opportunities, LP

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 240,042.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 240,042.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

240,042.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0.82 %

12

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13G

CUSIP No. G38268101

1

Names of Reporting Persons

Harraden Circle Strategic Investments, LP

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

0.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0 %

12

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13G

CUSIP No. G38268101

1

Names of Reporting Persons

Frederick V. Fortmiller, Jr.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 562,820.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 562,820.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

562,820.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

1.93 %

12

Type of Reporting Person (See Instructions)

IN, HC

SCHEDULE 13G

CUSIP No. G38268101

1

Names of Reporting Persons

Harraden Circle Concentrated, LP

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 47,979.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 47,979.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

47,979.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0.16 %

12

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Generation Essentials Group
(b)	Address of issuer's principal executive offices: 66 rue Jean-Jacques Rousseau, 75001 Paris, France
Item 2.
(a)	Name of person filing: This Statement is filed on behalf of the following persons (collectively, the "Reporting Persons"): i) Harraden Circle Investments, LLC ("Harraden Adviser"); ii) Harraden Circle Investors GP, LP ("Harraden GP"); iii) Harraden Circle Investors GP, LLC ("Harraden LLC"); iv) Harraden Circle Investors, LP ("Harraden Fund"); v) Harraden Circle Special Opportunities, LP ("Harraden Special Op Fund"); vi) Harraden Circle Strategic Investments, LP ("Harraden Strategic Fund"); vii) Frederick V. Fortmiller, Jr. ("Mr. Fortmiller"); and viii) Harraden Circle Concentrated, LP ("Concentrated Fund"); This Statement relates to Shares (as defined herein) directly beneficially owned by Harraden Fund, Harraden Special Op Fund, Harraden Strategic Fund, and Concentrated Fund. Harraden GP is the general partner to Harraden Fund, Harraden Special Op Fund, Harraden Strategic Fund, and Concentrated Fund, and Harraden LLC is the general partner of Harraden GP. Harraden Adviser serves as investment manager to Harraden Fund, Harraden Special Op Fund, Harraden Strategic Fund, Concentrated Fund, and other high net worth individuals. Mr. Fortmiller is the managing member of each of Harraden LLC and Harraden Adviser. In such capacities, each of Harraden GP, Harraden LLC, Harraden Adviser and Mr. Fortmiller may be deemed to indirectly beneficially own the Shares reported herein directly beneficially owned by Harraden Fund, Harraden Special Op Fund, and Harraden Strategic Fund.
(b)	Address or principal business office or, if none, residence: 299 Park Avenue, 21st Floor, New York, NY 10171
(c)	Citizenship: Each of Harraden Fund, Harraden Special Op Fund, Harraden Strategic Fund, Concentrated Fund, and Harraden GP is a Delaware limited partnership. Each of Harraden LLC and Harraden Adviser is a Delaware limited liability company. Mr. Fortmiller is a citizen of the United States of America.
(d)	Title of class of securities: Class A Common Stock
(e)	CUSIP No.: G38268101
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 562820
(b)	Percent of class: 1.93 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 562820
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 562820
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. See disclosure in Item 2 hereof.
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Harraden Circle Investments, LLC

Signature:	/s/ Frederick V. Fortmiller, Jr.
Name/Title:	Frederick V. Fortmiller, Jr., managing member
Date:	08/14/2025

Harraden Circle Investors GP, LP

Signature:	/s/ Frederick V. Fortmiller, Jr.
Name/Title:	Frederick V. Fortmiller, Jr., managing member; Harraden Circle Investors GP, LLC, general partner
Date:	08/14/2025

Harraden Circle Investors GP, LLC

Signature:	/s/ Frederick V. Fortmiller, Jr.
Name/Title:	Frederick V. Fortmiller, Jr., managing member
Date:	08/14/2025

Harraden Circle Investors, LP

Signature:	/s/ Frederick V. Fortmiller, Jr.
Name/Title:	Frederick V. Fortmiller, Jr., managing member; Harraden Circle Investors GP, LLC, general partner; Harraden Circle Investors GP, LP, general partner
Date:	08/14/2025

Harraden Circle Special Opportunities, LP

Signature:	/s/ Frederick V. Fortmiller, Jr.
Name/Title:	Frederick V. Fortmiller, Jr., managing member; Harraden Circle Investors GP, LLC, general partner; Harraden Circle Investors GP, LP, general partner
Date:	08/14/2025

Harraden Circle Strategic Investments, LP

Signature:	/s/ Frederick V. Fortmiller, Jr.
Name/Title:	Frederick V. Fortmiller, Jr., managing member; Harraden Circle Investors GP, LLC, general partner; Harraden Circle Investors GP, LP, general partner
Date:	08/14/2025

Frederick V. Fortmiller, Jr.

Signature:	/s/ Frederick V. Fortmiller, Jr.
Name/Title:	Frederick V. Fortmiller, Jr.
Date:	08/14/2025

Harraden Circle Concentrated, LP

Signature:	/s/ Frederick V. Fortmiller, Jr.
Name/Title:	Frederick V. Fortmiller, Jr., managing member; Harraden Circle Investors GP, LLC, general partner; Harraden Circle Investors GP, LP, general partner
Date:	08/14/2025

Comments accompanying signature: Explanatory Note: This issuer was formerly Black Spade Acquisition II Co, formerly CUSIP G1153L109. Explanatory Note: This Amendment is being filed to report that the Reporting Persons have ceased to be the beneficial owners of more than five percent of the outstanding shares of Class A common stock of the "Issuer". This Amendment constitutes an exit filing for the Reporting Persons.

FAQ

How many shares does Harraden Circle report owning in Generation Essentials Group (TGE)?

The filing reports 562,820 shares beneficially owned in aggregate, representing 1.93% of the Class A common stock.

Does the Amendment indicate Harraden Circle remains a >5% holder of TGE?

No. The Amendment states the Reporting Persons have ceased to be beneficial owners of more than five percent and constitutes an exit filing.

Which entities and individuals are listed as Reporting Persons on the filing?

The reporting group includes Harraden Circle Investments, LLC; Harraden Circle Investors GP, LP; Harraden Circle Investors GP, LLC; Harraden Circle Investors, LP; Harraden Circle Special Opportunities, LP; Harraden Circle Strategic Investments, LP; Harraden Circle Concentrated, LP; and Frederick V. Fortmiller, Jr.

What voting and dispositive powers are reported by Harraden Circle for these shares?

The filing reports 0 sole voting power and 0 sole dispositive power, with 562,820 shares under shared voting power and shared dispositive power.

What is the issuer's principal executive office and prior name as noted in the filing?

The issuer's principal executive office is listed as 66 rue Jean-Jacques Rousseau, 75001 Paris, France, and the filing notes the issuer was formerly Black Spade Acquisition II Co.