---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-033843"
form_type: "8-K"
ticker: null
cik: "0001852061"
company_name: "Generation Asia I Acquisition Ltd"
filed_at: "2023-07-21T23:59:59+00:00"
generated_at: "2026-06-13T05:07:32.989846+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Generation Asia I Acquisition secures $870K sponsor note to extend deadline to August 23, 2023

## Summary
- Issued $870,000 non-convertible unsecured promissory note to sponsor Generation Asia LLC; interest-free.
- $125,000 deposited into trust account to extend business combination deadline by one month to Aug 23, 2023.
- Promissory note repayable in full upon consummation of initial business combination.
- Extension approved by shareholders on July 13, 2023; first of up to 12 monthly contributions.

## SEC filing metadata
- accession: 0000950170-23-033843
- form_type: 8-K
- cik: 0001852061
- company_name: Generation Asia I Acquisition Ltd
- filed_at: 2023-07-21T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1852061/000095017023033843/0000950170-23-033843-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1852061/000095017023033843/gaq-20230721.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-033843
- JSON: https://secwatch.observer/filing/0000950170-23-033843.json
- Plain text: https://secwatch.observer/filing/0000950170-23-033843.txt

## Key facts
- Debt Financings
  Generation Asia I Acquisition Ltd incurred loan of $870,000 with Generation Asia LLC at bears no interest maturing repayable in full upon the consummation of a business combination.
  - Instrument: loan
  - Principal: $870,000
  - Counterparty: Generation Asia LLC
  - Rate: bears no interest
  - Maturity: repayable in full upon the consummation of a business combination
  - Event: incurrence
  source text: On July 21, 2023, Generation Asia I Acquisition Limited, a Cayman Islands exempted company (the " Company "), issued a non-convertible unsecured promissory note to Generation Asia LLC, a Cayman Islands limited liability company (the " Sponsor "), for a collective principal amount of $870,000 (the " Promissory Note ").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1852061/000095017023033843/0000950170-23-033843-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.