Generation Asia I Acquisition Limited
GAQ-WT
New York Stock Exchange0.08
USD
-0.04
- -
CIK
0001852061
Return %
Stock
S&P500
1Y
-38.78
26.53
3Y
-37.55
76.60
5Y
-37.55
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Roy Kuan
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- Boundary Hall Grand Cayman Cayman Islands KY1-1102
- CIK
- 0001852061
- Website
- gaq.gen-mgmt.com
- Similar Companies
- Business
- Generation Asia I Acquisition Limited is a special purpose acquisition company (SPAC) incorporated in 2021 and headquartered in Grand Cayman, Cayman Islands. The company primarily operates as a blank check vehicle focusing on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more target businesses. Its business focus is on potential targets that are at least partially owned by financial sponsors with operations or prospective operations in the technology, media and telecommunications, business services, or consumer sectors across Asia, particularly in North Asia and Southeast Asia. Generation Asia I Acquisition Limited does not conduct significant operations of its own prior to completing a business combination. The company completed its initial public offering in January 2022, raising approximately $219 million. However, as of late 2024, Generation Asia I Acquisition Limited announced its decision to commence dissolution and liquidation of its assets due to its inability to consummate a business combination within the time allowed under its organizational documents and related extensions. Consequently, the company is redeeming its outstanding public Class A shares, with warrants expiring worthless. This liquidation marks a significant operational change that concludes its SPAC activities without completing a combination. Generation Asia I Acquisition Limited is listed on NASDAQ under the ticker GAQ. The company’s executive leadership includes CEO Roy Kuan. Its primary operations and strategic focus are limited to executing a business combination in Asian markets aligned with the sectors noted, but its recent activities have pivoted towards liquidation and dissolution following unsuccessful combination efforts. This description encapsulates the company’s core SPAC function, its sector and geographic focus, founding and headquarters details, and its latest significant operational change involving liquidation announced in 2024.