UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): March 18, 2024
GENERATION ASIA I ACQUISITION LIMITED
(Exact name of registrant as specified in its charter)
Cayman Islands |
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001-41239 |
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98-1588665 |
(State or other jurisdiction |
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(Commission |
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(IRS Employer |
Boundary Hall, Cricket Square
Grand Cayman, Cayman Islands
(Address of principal executive offices, including zip code)
(Address of principal executive offices)
(345) 814-5580
(Registrant’s telephone number, including area code)
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
Title of each class |
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Trading Symbol(s) |
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Name of each exchange on which registered |
Class A ordinary shares |
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GAQ |
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The New York Stock Exchange |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☒
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 3.01 |
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. |
Generation Asia I Acquisition Limited (“Generation Asia”) previously announced that it intends to move the listing of its Class A ordinary shares from the NYSE to The Nasdaq Global Market (“Nasdaq”). The Company today announced a revised timeframe for this transfer and currently expects its shares to cease trading on the NYSE on or around April 5, 2024. The decision to list on Nasdaq was made in consideration of Generation Asia’s pursuit of an initial business combination and will enable the post-combination company to be listed alongside other innovative technology companies that are also listed on Nasdaq.
The Company now expects Generation Asia’s Class A ordinary shares to commence trading on Nasdaq on or about April 8, 2024, under the symbol “GAQ”, and for the warrants and units to commence trading in the over-the-counter market under the symbols “GAQQW” and “GAQQU”, respectively.
Item 8.01 |
Other Events |
Also on March 18, 2024, Generation Asia issued a press release regarding the current timeline for the change in the stock exchange listing of Generation Asia Class A ordinary shares, units, and warrants. A copy of the press release is furnished herewith as Exhibit 99.1.
About Generation Asia I Acquisition Limited
The Company is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses (a “business combination”). While the Company may pursue a business combination with a company in any industry, sector or geographic region (excluding Mainland China subject to certain exceptions), the Company intends to focus its search on a target that is at least partially owned by a financial sponsor(s) with operations or prospective operations in the technology, media & telecommunications, business services, or consumer sectors across Asia, in particular North Asia and Southeast Asia.
Forward-Looking Statements
This press release contains statements that constitute “forward-looking statements,” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including with respect to (i) the continued extension of the period of time that the Company has to consummate a business combination, (ii) the plan for and consummation of an initial business combination and (iii) the anticipated use of the net proceeds. Forward-looking statements are subject to numerous risks, uncertainties and conditions, many of which are beyond the control of the Company, including whether the sponsor will continue to elect to extend the period of time that the Company has to consummate a business combination, as well as those set forth in the “Risk Factors” section of the Company’s annual and quarterly reports filed with the Securities and Exchange Commission (the “SEC”). Copies of these documents are available on the SEC’s website at www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the day of this release, except as required by law.
Item 9.01. |
Financial Statements and Exhibits. |
(d) Exhibits.
Exhibit |
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Description |
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99.1 |
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104 |
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Cover Page Interactive Data File (embedded within the Inline XBRL document). |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Generation Asia I Acquisition Limited
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By: |
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/s/ Roy Kuan |
Name: |
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Roy Kuan |
Title: |
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Chief Executive Officer |
Dated: March 19, 2024
Exhibit 99.1
Generational Asia I Acquisition Limited Announces Transfer of Listing To Nasdaq
New York and Singapore – March 18, 2024 – Generational Asia I Acquisition Limited (NYSE: GAQ) (the “Company” or “Generation Asia”), a publicly-traded special purpose acquisition company, previously announced that it intends to remove its Class A ordinary shares, units and warrants from the New York Stock Exchange (the “NYSE”) and list its shares on The Nasdaq Global Market (“Nasdaq”) on or around March 22, 2024. The Company today announced a revised timeline for this transfer and currently expects its shares to cease trading on the NYSE on or around April 5, 2024. The decision to list on Nasdaq was made in consideration of Generation Asia’s pursuit of an initial business combination (the “Business Combination”) and will enable the post-combination company to be listed alongside the other innovative technology companies that are also listed on Nasdaq.
On or about April 8, 2024, the Company expects Generational Asia’s Class A ordinary shares to commence trading on Nasdaq under the symbol “GAQ”, and for the warrants and the units to commence trading in the over-the-counter market under the symbols “GAQQW” and “GAQQU”, respectively.
About Generation Asia I Acquisition Limited
The Company is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses (a “business combination”). While the Company may pursue a business combination with a company in any industry, sector or geographic region (excluding Mainland China subject to certain exceptions), the Company intends to focus its search on a target that is at least partially owned by a financial sponsor(s) with operations or prospective operations in the technology, media & telecommunications, business services, or consumer sectors across Asia, in particular North Asia and Southeast Asia.
Forward-Looking Statements
This press release contains statements that constitute “forward-looking statements,” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including with respect to (i) the continued extension of the period of time that the Company has to consummate a business combination, (ii) the plan for and consummation of an initial business combination and (iii) the anticipated use of the net proceeds. Forward-looking statements are subject to numerous risks, uncertainties and conditions, many of which are beyond the control of the Company, including whether the sponsor will continue to elect to extend the period of time that the Company has to consummate a business combination, as well as those set forth in the “Risk Factors” section of the Company’s annual and quarterly reports filed with the Securities and Exchange Commission (the “SEC”). Copies of these documents are available on the SEC’s website at www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Generation Asia I Acquisition Limited
Katherine Chan
Telephone: +852 2131 8900
Email: kchan@gen-mgmt.com