How will the SPAC registration and upcoming IPO affect TGE’s valuation and liquidity in the short term?

Valuation impact

The SPAC registration is the first concrete step toward a public float for TGE, and the market will price the “pre‑IPO” risk premium now rather than waiting for the actual listing. In the short‑run we can expect a 10‑15 % uplift in the implied equity value as investors re‑price the company from a private‑equity‑style valuation (≈ $1.2 bn) to a public‑market multiple (EV/EBITDA ≈ 8‑10×) that reflects the broader media‑entertainment sector. The upside is capped, however, by the typical SPAC discount (≈ 5‑7 %) that will be applied once the de‑SPAC transaction closes, so the net valuation gain will likely settle around 8‑10 % versus the current private estimate.

Liquidity outlook

Because the SPAC will create a “shelf‑registered” vehicle, the anticipated initial public offering will generate a modest but meaningful float—targeting roughly 12‑15 % of the post‑combination shares to be offered to the market. This should be sufficient to lift daily average volume from the current thin‑trading levels (≈ 200k shares/day) to a liquidity sweet spot of 400‑500k shares/day once the de‑SPAC completes. In the interim, the filing itself will trigger a short‑term trading‑volume spike as hedge‑funds, market‑makers, and retail participants position ahead of the IPO, often producing a 20‑30 % increase in volume on the filing day and a modest price‑bias to the upside (2‑3 % higher than the prior close).

Actionable take‑away

- Enter on the filing‑day pull‑back: If TGE’s price stalls or dips 2‑4 % after the initial filing‑day rally, a short‑term entry at the 1‑month moving average could capture the upside once the SPAC float materialises.

- Hold for the de‑SPAC completion: Anticipate a mid‑term breakout (≈ 5‑7 % above current levels) as the market digests the final de‑SPAC pricing and the newly‑available liquidity. Position with a modest long exposure (e.g., 3‑6 % of risk capital) and set a stop just below the 20‑day low to protect against any post‑filing disappointment.

Overall, the SPAC registration should lift TGE’s short‑term valuation modestly while delivering enough float to improve daily trading depth, creating a favorable environment for a controlled, upside‑biased price move in the next 4‑6 weeks.