secwatch.observer — SEC 8-K summary
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Issuer:     Genesis Growth Tech Acquisition Corp. (—)
CIK:        0001865697
Form:       8-K
Filed at:   2023-11-24T23:59:59+00:00
Accession:  0001213900-23-089919
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Nasdaq delists Genesis SPAC; enters $21M patent acquisition with MindMaze
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1865697/000121390023089919/0001213900-23-089919-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1865697/000121390023089919/ea189007-8k425_genesis.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-089919

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer