---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-042731"
form_type: "8-K/A"
ticker: null
cik: "0001865697"
company_name: "Genesis Growth Tech Acquisition Corp."
filed_at: "2023-05-24T23:59:59+00:00"
generated_at: "2026-06-14T16:11:46.864934+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Genesis Growth Tech restates prior financials due to cash misclassification; enters merger

## Summary
- Company used sponsor's bank account instead of its own; cash balance misstated for FY2021, Q1-Q3 2022.
- Restatement only affects balance sheet; no P&L or cash flow impact; expects ineffective internal controls.
- Prior auditor Citrin Cooperman provided letter (Exhibit 16.1) on non-reliance.
- Entered definitive merger agreement with travel tech incubator NextTrip Holdings on May 22, 2023.

## SEC filing metadata
- accession: 0001213900-23-042731
- form_type: 8-K/A
- cik: 0001865697
- company_name: Genesis Growth Tech Acquisition Corp.
- filed_at: 2023-05-24T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 4.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1865697/000121390023042731/0001213900-23-042731-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1865697/000121390023042731/ea179205-8ka1_genesis.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-042731
- JSON: https://secwatch.observer/filing/0001213900-23-042731.json
- Plain text: https://secwatch.observer/filing/0001213900-23-042731.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 in order to reflect the appropriate accounting treatment
  evidence_url: https://www.sec.gov/Archives/edgar/data/1865697/000121390023042731/0001213900-23-042731-index.htm

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