Genesis Growth Tech Acquisition Corp.: auditor change — Genesis Growth Tech restates prior financials, announces merger with NextTrip Holdings

Genesis Growth Tech Acquisition Corp.

Company will restate FY2021 and Q1-Q3 2022 financials after discovering cash was held in Sponsor's account.
Error only impacts balance sheets; no effect on profit/loss or cash flow statements.
CEO expects to disclose ineffective internal controls over financial reporting in 2022 10-K.
Entered into definitive merger agreement with NextTrip Holdings, a travel technology incubator in Sunrise, FL.
Press release on May 22, 2023 details the business combination with NextTrip.

item 4.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Auditor Changes SEC 8-K Item 4.01/4.02 confidence 0.9

Genesis Growth Tech Acquisition Corp. reported that prior financial statements should not be relied upon.

Action: non reliance

Exact text from the filing

the previously issued financial statements are no longer to be relied upon and are to be restated and corrected

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Source: SEC EDGAR

accession 0001213900-23-042129

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