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    Shell Companies
Genesis Growth Tech Acquisition Corp.

Genesis Growth Tech Acquisition Corp.

GGAAU
Genesis Growth Tech Acquisition Corp.US flagNASDAQ Global Market
25.00
USD
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- -
138.61MMarket Cap
No data availableFinancial data will appear here once available

Capital Structure

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in mil. unless spec.
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Working Capital

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Growth Rates

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Quarterly Revenue

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Quarterly Earnings Per Share

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Quarterly Dividends Per Share

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Company Description

APIChat
CEO
Eyal Perez
Sector
Financial Services
Industry
Shell Companies
Address
Bahnhofstrasse 3 Hergiswil Switzerland 6052
IPO Date
Dec 9, 2021
CIK
0001865697
Website
genesisgrowthtechspac.com
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Business
Genesis Growth Tech Acquisition Corp. (GGAAU) operates as a blank check company whose principal activities entail pursuing a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses; it targets high-growth technology and tech-enabled enterprises, particularly in consumer internet, ecommerce and software sectors, operating primarily in Europe, Israel, the United Arab Emirates or the United States. The company, formed in 2021 and headquartered in Hergiswil, Switzerland, completed an upsized initial public offering of 25.3 million units at $10.00 per unit in December 2021, raising $253 million in gross proceeds, with units comprising one Class A ordinary share and one-half of one redeemable warrant exercisable at $11.50 per share. In recent developments, Genesis Growth Tech Acquisition Corp. consummates its business combination with MindMaze, a Switzerland-based brain technology firm focused on digital neurotherapeutics and human-machine interfaces, following shareholder approval on May 21, 2024, and deal closure on August 9, 2024, under the post-merger ticker GGAAF; the transaction incorporates a Patent Purchase Agreement whereby the sponsor acquired certain intellectual property rights from MindMaze for $21 million, with the combined entity granting MindMaze a worldwide royalty-free license and assuming related obligations.

Company News

APIChat

  • globenewswire.com

    Genesis Growth Tech Acquisition Corp. Announces Receipt of Nasdaq Delisting Notification