GAQ SEC filings, in plain English
Everything Generation Asia I Acquisition Ltd has filed with the SEC that we hold — 40 filings, newest first, 15 with a plain-English summary of what changed and why it matters. Every row links to the primary document on EDGAR, so you can check the source rather than trust us.
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What changed: Item 8.01. On October 23, 2024 Generation Asia I Acquisition Limited announced by press release that its sponsor, Generation Asia LLC, has indicated it will not fund the monthly extension payment of $35,000 into the trust account due that day, nor any future monthly extension payments, so the period to consummate a business combination will not be extended beyond October 23, 2024. As a result the company will dissolve and liquidate its assets and redeem all outstanding public Class A ordinary shares issued in its initial public offering. Why it matters: The sponsor's decision not to fund ends the company: the extension mechanism was voluntary each month and nothing compelled the payment. This is the first of this registrant's extension filings to state the monthly amount, $35,000, and it does so in the report announcing that it will not be paid. No trust balance or per-share redemption figure is given.
What changed: Captioned 'Exhibit 8.01. Other Events' (not 'Item 8.01'): on September 23, 2024 Generation Asia I Acquisition Limited states it issued a press release announcing 'the Extension', furnished as Exhibit 99.1, plus Item 9.01 exhibits. As in the registrant's earlier filings of this template, the defined term 'the Extension' has no antecedent in the document: no prior deadline, no new date, no deposit amount and no vote is stated. Why it matters: No deadline, deposit or trust figure can be taken from this filing, because the report discloses none. It is the twelfth instance of the same template from this registrant. The report is dated September 23, 2024 in its signature block and was filed September 24, 2024.(flagged for human review)
What changed: Captioned 'Exhibit 8.01. Other Events' (not 'Item 8.01'): on August 23, 2024 Generation Asia I Acquisition Limited states it issued a press release announcing 'the Extension', furnished as Exhibit 99.1, plus Item 9.01 exhibits. As in the registrant's earlier filings of this template, the defined term 'the Extension' has no antecedent in the document: no prior deadline, no new date, no deposit amount and no vote is stated. Why it matters: No deadline, deposit or trust figure can be taken from this filing, because the report discloses none. It is the eleventh instance of the same template from this registrant, filed three days after a report that did state the monthly extension mechanism and a $200,000 sponsor note.(flagged for human review)
What changed: Item 2.03. On August 19, 2024 Generation Asia I Acquisition Limited issued a non-convertible unsecured promissory note to its sponsor Generation Asia LLC for a collective principal amount of $200,000. The report states the sponsor provides the funds for working capital and to support future extension payments to extend the business combination period on a monthly basis up to July 23, 2025 as set out in the company's articles. The note bears no interest and is repayable in full on consummation of a business combination. A press release was furnished August 20, 2024. Why it matters: The first of this registrant's extension filings to state any term at all: an amount, a lender and the monthly mechanism its earlier template reports omitted. July 23, 2025 is a charter ceiling reachable only if each monthly payment is funded, not a deadline now in force, and the note is expressly non-convertible. The other-events item is again captioned 'Exhibit 8.01' rather than 'Item 8.01'.
- What changed vs 2024-05-15trust $225.6M → $453.9M +101%sponsor loan $550K → $550K
trust account, sponsor loans outstanding, combination deadline +22 moved · 3 with no prior record of ours
- Trust account
- $225.6M$453.9M
- Sponsor loans outstanding
- $550K$550K
- Combination deadline
- 2025-07-23 · unchanged
- Going-concern doubt
- stated · unchanged
- Redeemable shares
- 7.70Mnot matched in this filing
SpacBrain reads this as $228,225,227 was added to the trust between the two filings.
The clause “315 ) ( 210,497 ) Cash Flows from Investing Activities: Purchase of investments held in Trust Account — ( 453,869,227 ) Disposal of investments held in Trust Account 59,395,951 453,869,227 Cash deposited in Trust Account ( 480,000 ) — Net”…
SpacBrain reads this as the sponsor has advanced $1 more.
The clause …“$ 550,000 under the February 2024 Promissory Note. As of June 30, 2024, the outstanding balance under the February 2024 Promissory Note was $ 550,000 . On May 3, 2024, the Company issued a non-convertible unsecured promissory note to”…
The clause “Concern,” management has determined that if the Company is unable to complete a Business Combination by July 23, 2025, subject to the Sponsor depositing additional funds into the Trust Account, then the Company will cease all operations”…
The clause …“The date for mandatory liquidation and subsequent dissolution raise substantial doubt about the Company’s ability to continue as a going concern within one year after the date that the financial statements are available to be”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
What changed: Captioned 'Exhibit 8.01. Other Events' (not 'Item 8.01'): on July 22, 2024 Generation Asia I Acquisition Limited states it issued a press release announcing 'the Extension', furnished as Exhibit 99.1, plus Item 9.01 exhibits. As in the registrant's earlier filings of this template, the defined term 'the Extension' has no antecedent in the document: no prior deadline, no new date, no deposit amount and no vote is stated. Nothing else is reported. Why it matters: No deadline, deposit or trust figure can be taken from this filing, because the report discloses none. It is the tenth instance of the same template from this registrant, and any date attached to it would be inference rather than disclosure.(flagged for human review)
What changed: Captioned 'Exhibit 8.01. Other Events' (not 'Item 8.01'): on June 21, 2024 Generation Asia I Acquisition Limited states it issued a press release announcing 'the Extension', furnished as Exhibit 99.1, plus Item 9.01 exhibits. As in the registrant's earlier filings of this template, the defined term 'the Extension' has no antecedent in the document: no prior deadline, no new date, no deposit amount and no vote is stated. Nothing else is reported. Why it matters: No deadline, deposit or trust figure can be taken from this filing, because the report discloses none. It is the ninth instance of the same template from this registrant, and any date attached to it would be inference rather than disclosure.(flagged for human review)
What changed: Captioned 'Exhibit 8.01. Other Events' (not 'Item 8.01'): on May 21, 2024 Generation Asia I Acquisition Limited states it issued a press release announcing 'the Extension', furnished as Exhibit 99.1, plus Item 9.01 exhibits. The defined term 'the Extension' has no antecedent anywhere in the document: no prior deadline, no new date, no deposit amount and no vote are stated. Nothing else is reported. Why it matters: The report announces an extension without disclosing a single term of it, so no deadline, deposit or trust figure can be taken from this filing. It is the eighth instance of the same template from this registrant, and any date attached to it would be inference rather than disclosure.(flagged for human review)
- What changed vs 2023-11-09trust $603.6M → $225.6M -63%deadline 2024-07-23 → 2025-07-23sponsor loan $630K → $550K
trust account, combination deadline, sponsor loans outstanding +23 moved · 2 with no prior record of ours
- Trust account
- $603.6M$225.6M
- Combination deadline
- 2024-07-232025-07-23
- Sponsor loans outstanding
- $630K$550K
- Going-concern doubt
- stated · unchanged
- Redeemable shares
- 7.70M · unchanged
SpacBrain reads this as $377,975,540 left the trust between the two filings.
The clause …“investments held in Trust Account — ( 225,643,363 ) Disposal of investments held in Trust Account — 225,644,000 Cash deposited in Trust Account ( 375,000 ) ( 637 ) Net cash used in investing activities ( 375,000 ) — Cash Flows from”…
SpacBrain reads this as 365 days later than the previous record.
The clause “Concern,” management has determined that if the Company is unable to complete a Business Combination by July 23, 2025, subject to the Sponsor depositing additional funds into the Trust Account, then the Company will cease all operations”…
SpacBrain reads this as $80,001 of sponsor debt has come off.
The clause …“under the February 2024 Promissory Note. As of March 31, 2024, the outstanding balance under the February 2024 Promissory Note was $ 549,999 . Working Capital Loans In order to fund working capital deficiencies or to finance”…
The clause …“The date for mandatory liquidation and subsequent dissolution raise substantial doubt about the Company’s ability to continue as a going concern within one year after the date that the financial statements are available to be”…
The clause …“200,000,000 shares authorized; no shares issued and outstanding (excluding 7,699,729 shares subject to possible redemption) at March 31, 2024 and December 31, 2023 — — Class B ordinary shares, $ 0.0001 par value, 20,000,000 shares”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
What changed: Item 2.03. On May 3, 2024 Generation Asia I issued a NON-CONVERTIBLE unsecured promissory note to its sponsor, Generation Asia LLC, for a collective principal amount of $450,000. The filing states the Sponsor provides the funds for working capital and to support future extension payments to extend the business combination period on a monthly basis up to July 23, 2025 as set out in the company's articles. The note bears no interest and is repayable in full on the consummation of a business combination. Why it matters: A second sponsor facility after the $550,000 note of February 6, 2024, now sized against the new July 23, 2025 ceiling and the reduced $35,000 monthly deposit approved on April 16, 2024. At $35,000 a month, $450,000 covers roughly twelve months of extension payments plus working capital. The note is non-convertible, so repayment depends entirely on a completed business combination. This report again captions the other-events item "Exhibit 8.01".
What changed: Other events. The report states that on April 22, 2024 Generation Asia I issued a press release announcing "the Extension", furnished as Exhibit 99.1, followed by Item 9.01's exhibit list. The 8-K states no old deadline, no new date, no trust deposit and no vote, and again captions the item "Exhibit 8.01. Other Events" rather than Item 8.01, with the defined term "the Extension" having no antecedent in the document. Why it matters: A seventh extension announcement on the same defective template, filed six days after the April 16, 2024 meeting that set the monthly deposit at $35,000 and the outer date at July 23, 2025 — but this report states neither. Flagged for review: nothing here supports a deadline, a deposit amount or a funding source.(flagged for human review)
What changed: Items 1.01, 5.03, 5.07 and 7.01. At its April 16, 2024 extraordinary general meeting Generation Asia I shareholders approved extending the date to consummate an initial business combination from July 23, 2024 to July 23, 2025 — up to twelve one-month steps, 42 months from the IPO — and REDUCING the sponsor required monthly trust deposit from the lesser of $125,000 or $0.03 per public share to a flat $35,000. The Extension Amendment passed 11,195,790 for, 2,762,291 against; the Trust Amendment 11,345,790 for, 2,612,291 against. Why it matters: Shareholders elected to redeem 5,342,374 Class A shares — approximately 69% of the IPO shares — taking about $59,834,588.80 out of trust and leaving 2,357,355 Class A shares outstanding. Against that float, $35,000 a month is about $0.015 per public share, half the $0.03 rate the amendment replaced, so each extra month adds materially less per remaining share. Separately, 2,422,500 Class B shares were converted to Class A, leaving 5,060,000 Class B outstanding.
What changed: Item 8.01 other events. Beginning March 27, 2024 certain shareholders of Generation Asia I submitted 62,500 Class B ordinary shares for conversion into Class A ordinary shares on a one-to-one basis under the company's articles. The company understands from other Class B holders, including its sponsor, that they also intend to convert, so that the company would continue to meet Nasdaq Global Market listing requirements including minimum capitalisation of at least $50,000,000, in light of any potential redemptions at the April 16, 2024 shareholders' meeting. Why it matters: Founder shares are being converted specifically to keep a listing standard satisfied through an expected wave of redemptions — the capitalisation test counts shares that will not be redeemed. The report states the Class A shares issued on conversion will NOT be redeemable by their holders, so they add to the count without any claim on the trust.
What changed: Item 8.01 other events. Generation Asia I filed a definitive proxy statement on March 29, 2024 for a shareholders' meeting at 9:00 a.m. Eastern on April 16, 2024, and this report CLARIFIES that the redemption deadline is 5:00 p.m. Eastern on April 12, 2024, two business days before the meeting. Shareholders exercising redemption must submit a written request to Continental and tender their Class A share certificates or deliver electronically through DTC. The company is supplementing the proxy statement to give the updated redemption deadline; Exhibit 99.1 is that supplement. Why it matters: The first report from this registrant that identifies its proxy as a BCA proxy statement — so a business combination vote, not merely an extension, is before shareholders. Holders of record as of March 25, 2024 may vote even if they have since sold their shares, and previously submitted redemption requests may be withdrawn by asking the transfer agent to return the shares before the meeting.
- What changed vs 2023-03-24trust $888.5M → $608.6M -32%deadline 2023-07-24 → 2025-07-23sponsor loan $275K → $550Kshares 21.9M → 7.70M -65%
trust account, combination deadline, sponsor loans outstanding +24 moved · 1 with no prior record of ours
- Trust account
- $888.5M$608.6M
- Combination deadline
- 2023-07-242025-07-23
- Sponsor loans outstanding
- $275K$550K
- Redeemable shares
- 21.9M7.70M
- Going-concern doubt
- stated · unchanged
SpacBrain reads this as $279,906,186 left the trust between the two filings.
The clause …“held in Trust Account ( 458,877,047 ) ( 888,533,773 ) Disposal of investments held in Trust Account 608,627,587 667,041,000 Cash deposited in Trust Account ( 750,000 ) ( 227 ) Net cash provided by (used in) investing activities”…
SpacBrain reads this as 730 days later than the previous record.
The clause …“Period for an additional one (1) month each time from July 23, 2024 up to July 23, 2025 by depositing the Revised Monthly Extension Payments into the Trust Account for each one-month extension. If such proposals are approved, it”…
SpacBrain reads this as the sponsor has advanced $274,999 more.
The clause “024 Promissory Note”). Up to the date the financial statements were issued, the outstanding balance under the February 2024 Promissory Note was $549,999. As of December 31, 2023, we held approximately $320,144 in our operating bank”…
SpacBrain reads this as 14,230,271 shares are no longer redeemable.
The clause …“value; 200,000,000 shares authorized; none issued and outstanding (excluding 7,699,729 and 21,930,000 shares subject to possible redemption at December 31, 2023 and 2022, respectively) — — Class B ordinary shares, $ 0.0001 par value,”…
The clause “14-15, “Disclosures of Uncertainties about an Entity’s Ability to Continue as a Going Concern,” management has determined that if the Company is unable to complete a Business Combination before the end of the Combination Period, then the”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
What changed: Generation Asia I Acquisition Limited, a Cayman Islands SPAC, called an extraordinary general meeting for 9:00 a.m. Eastern Time on April 16, 2024 to extend the date to consummate a business combination from July 23, 2024 to as late as July 23, 2025 — 42 months from its IPO — through up to twelve monthly extensions, and to cut the sponsor's monthly trust deposit from the lesser of $125,000 or $0.03 per public share to a flat $35,000 for each one-month extension. Why it matters: The amendment reduces what public holders receive for waiting by roughly two-thirds to three-quarters, depending on the share count, while extending how long they must wait by a further year — the sponsor buys twelve more months for $420,000 in total rather than the $1.5 million the existing terms would require. Generation Asia LLC or its designees must still fund each $35,000 deposit before the applicable extension date, and the board may decline to extend at any point.
What changed vs 2023-06-21trust $229.7M → $86.2M -62%deadline 2023-07-23 → 2024-07-23trust account, combination deadline2 moved
- Trust account
- $229.7M$86.2M
- Combination deadline
- 2023-07-232024-07-23
SpacBrain reads this as $143,487,527 left the trust between the two filings.
The clause …“price per share was approximately $11.20, based on the aggregate amount on deposit in the Trust Account of approximately $86,243,906.76 as of March 25, 2024 (including interest not previously released to the Company to pay its”…
SpacBrain reads this as 366 days later than the previous record.
The clause …“Shares ” or the “ Public Shares ”) sold in the IPO if there is no qualifying Business Combination(s) consummated on or before July 23, 2024, subject to the Sponsor depositing additional funds into the Trust Account. The Board has”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
What changed: Other events. The report states that on March 21, 2024 Generation Asia I issued a press release announcing "the Extension", furnished as Exhibit 99.1, followed by Item 9.01's exhibit list. The 8-K states no old deadline, no new date, no trust deposit and no vote. As in this registrant's five prior extension reports, the item is captioned "Exhibit 8.01. Other Events" rather than Item 8.01, and the defined term "the Extension" has no antecedent anywhere in the document. Why it matters: A sixth extension announcement on the same defective template, whose terms exist only in the furnished press release and are not part of this text. Flagged for review: nothing in the report supports a deadline, a deposit amount or a funding source.(flagged for human review)
What changed: Items 3.01 and 8.01. On March 18, 2024 Generation Asia I announced a REVISED timeframe for the previously announced move of its Class A ordinary share listing from the NYSE to the Nasdaq Global Market. It now expects the shares to cease trading on the NYSE on or around April 5, 2024 and to commence trading on Nasdaq on or about April 8, 2024 under "GAQ", with the warrants and units commencing trading in the over-the-counter market as "GAQQW" and "GAQQU". Why it matters: The transfer slips roughly two weeks from the March 26, 2024 date given on March 13. The warrants and units still leave a national exchange for the over-the-counter market. The report's forward-looking legend again identifies "whether the sponsor will continue to elect to extend" the business combination period as a risk, so the company's remaining life is a month-to-month sponsor decision.
In plain English
Redemption deadlinethe last day to hand shares back for cash
Set by the filing that calls the meeting. Tender after it and the company is under no obligation to pay you the trust value.
Cash in trust / trust per sharethe cash the company is holding for each public share
Filed quarterly in the 10-Q's XBRL. It earns interest between filings, so the figure on a given day is slightly higher than the last filed one — where we show that we label it an estimate.
Accession numberthe SEC's unique id for one filing
Every figure on this page carries the accession of the filing that states it, so you can open the primary document rather than trust us.