---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-042129"
form_type: "8-K"
ticker: null
cik: "0001865697"
company_name: "Genesis Growth Tech Acquisition Corp."
filed_at: "2023-05-23T23:59:59+00:00"
generated_at: "2026-06-14T17:31:57.780154+00:00"
event_type: "m_and_a"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Genesis Growth Tech restates prior financials, announces merger with NextTrip Holdings

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-23-042129
- form_type: 8-K
- cik: 0001865697
- company_name: Genesis Growth Tech Acquisition Corp.
- filed_at: 2023-05-23T23:59:59+00:00
- event_type: m_and_a
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 4.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1865697/000121390023042129/0001213900-23-042129-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1865697/000121390023042129/ea179092-8k_genesis.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-042129
- JSON: https://secwatch.observer/filing/0001213900-23-042129.json
- Plain text: https://secwatch.observer/filing/0001213900-23-042129.txt

## Key facts
- Auditor Changes
  Genesis Growth Tech Acquisition Corp. reported that prior financial statements should not be relied upon.
  - Action: non reliance
  source text: the previously issued financial statements are no longer to be relied upon and are to be restated and corrected
  evidence_url: https://www.sec.gov/Archives/edgar/data/1865697/000121390023042129/0001213900-23-042129-index.htm

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