Generation Asia I Acquisition Ltd: debt financing — Generation Asia I Acquisition issues $450k promissory note to sponsor for working capital and extension payments

Generation Asia I Acquisition Ltd

Issued non-convertible unsecured interest-free promissory note to sponsor Generation Asia LLC for $450,000 on May 3, 2024.
Proceeds used for working capital and to fund monthly extension payments to extend business combination deadline up to July 23, 2025.
Note is repayable in full upon consummation of a business combination.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Generation Asia I Acquisition Ltd incurred loan of $450,000 with Generation Asia LLC at no interest maturing upon the consummation of a business combination.

Instrument: loan
Principal: $450,000
Counterparty: Generation Asia LLC
Rate: no interest
Maturity: upon the consummation of a business combination
Event: incurrence

Exact text from the filing

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 $450,000

View on SEC.gov

311 debt financings filed in the last 30 days. Browse all debt financings →

Source: SEC EDGAR

accession 0000950170-24-055769

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.