---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-055769"
form_type: "8-K"
ticker: null
cik: "0001852061"
company_name: "Generation Asia I Acquisition Ltd"
filed_at: "2024-05-08T23:59:59+00:00"
generated_at: "2026-06-02T13:15:14.452347+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Generation Asia I Acquisition issues $450k promissory note to sponsor for working capital and extension payments

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-24-055769
- form_type: 8-K
- cik: 0001852061
- company_name: Generation Asia I Acquisition Ltd
- filed_at: 2024-05-08T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1852061/000095017024055769/0000950170-24-055769-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1852061/000095017024055769/gaq-20240503.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-055769
- JSON: https://secwatch.observer/filing/0000950170-24-055769.json
- Plain text: https://secwatch.observer/filing/0000950170-24-055769.txt

## Key facts
- Debt Financings
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1852061/000095017024055769/0000950170-24-055769-index.htm

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