Genesis Growth Tech Acquisition Corp.
GGAAU
NASDAQ Global Market25.00
USD
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Genesis Growth Tech Acquisition Corp.
GGAAU
(NASDAQ Global Market)
Recent
price
25.00
P/E
ratio
- -
div
yld
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ROIC.AI
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Similar Companies
- 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.
Genesis Growth Tech Acquisition Corp. Announces Receipt of Nasdaq Delisting Notification