other material
confidence high
sentiment negative
materiality 0.75
Genesis Growth Tech Acquisition Corp.: Nasdaq/NYSE listing notice — Nasdaq delists Genesis SPAC; enters $21M patent acquisition with MindMaze
Genesis Growth Tech Acquisition Corp.
- Nasdaq determined to delist Genesis Growth Tech securities effective Nov 30; trading suspended July 25, 2023.
- Company now trades on OTC under symbols GGAUF, GGAAF, GGAWF.
- Entered Contribution and Business Combination Agreement with sponsor to acquire MindMaze patent portfolio.
- Genesis SPAC to pay sponsor $1,000 and assume $21M purchase price obligation to MindMaze by May 31, 2024, plus revenue sharing.
- Company did not appeal Nasdaq Panel decision; delisting became final November 16, 2023.