- CEO
- Adeoye Y. Olukotun
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 281 Witherspoon Street Princeton NJ United States of America 08540
- IPO Date
- Apr 7, 2022
- Business
- Genesis Unicorn Capital Corp. (Nasdaq: GENQ) operates as a blank check company, or special purpose acquisition company, whose primary purpose is to effect a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or similar business combination with one or more businesses; it originally targets opportunities at the intersection of healthcare and technology, specifically biotech and pharmaceutical-focused companies, businesses, or assets. Incorporated in 2021 and headquartered in Princeton, New Jersey, the company went public in February 2022 via an initial public offering of units priced at $10.00, raising approximately $86.25 million in proceeds. In a significant development, Genesis Unicorn completed a reverse merger with Environmental Solutions Group Holdings Limited (ESG), a Singapore-based provider of sustainable waste management and circular economy solutions including waste collection, disposal fees, and sales of recycled products such as NEWSPAR, NEWEARTH, and NEWCHEM, on August 2, 2023, following shareholder approval on July 26, 2023 and the addition of a forward purchase agreement with Vellar Opportunities Fund; the combined entity, renamed ESGL Holdings Limited, lists on Nasdaq under the ticker ESGL, with ESG management retaining control and operations focused on Southeast Asia. As of 2025, GENQ shares no longer reflect active independent operations post-merger, while ESGL reports ongoing activities including FY2024 profitability improvements, a patent filing for precious metal recovery technology, and an extended merger agreement with De Tomaso Automobili through October 31, 2025.