Generation Asia I Acquisition Ltd: Nasdaq/NYSE listing notice — GAQ receives NYSE delisting notice for <300 public shareholders; 45 days to submit plan

Generation Asia I Acquisition Ltd

On Jan 17, 2023, NYSE notified GAQ that it has fewer than 300 public shareholders, violating Section 802.01B.
Company has 45 days to submit a compliance plan to NYSE; plan must show ability to cure within 18 months.
No immediate impact on listing or trading; if plan accepted, shares trade during 18-month cure period.
Notice does not trigger default under any material debt or other agreements.
GAQ is considering all options to regain compliance but cannot assure success.

item 3.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Generation Asia I Acquisition Ltd received a nyse deficiency notice notice regarding shareholders (rules 802.01B).

Exchange: nyse
Notice: deficiency notice
Deficiency: shareholders
Rules: 802.01B

Exact text from the filing

January 17, 2023, Generation Asia I Acquisition Limited (the “Company”) received a notice from NYSE Regulation that the Company is not in compliance with the continued listing standards set forth in Section 802.01B of the New York Stock Exchange (the “NYSE”) Listed Company Manual (“Section 802.01B”) as the Company has fewer than 300 public shareholders on a continuous basis. In accordance with applicable NYSE procedures, the Company has 45 days from receipt of the Notice to submit a plan advising the NYSE of the definitive action(s) the Company has taken, or is taking, that would bring it into

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Source: SEC EDGAR

accession 0000950170-23-001027

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