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GGAAW is a special purpose acquisition company (SPAC) primarily focused on the consumer internet industry. Their focus areas include online marketplaces, digital classifieds, consumer-facing property technology (proptech), and financial technology (fintech) sectors. The company aims to identify and acquire a target business in these sectors to create long-term value for its shareholders.
With a commitment to innovation and growth in the digital landscape, GGAAW seeks to partner with disruptive companies that have the potential to transform their respective industries. Through strategic investments and partnerships, GGAAW aims to drive forward-thinking solutions and capitalize on emerging trends in the consumer internet space.
Genesis Growth Tech Acquisition Corp. (Nasdaq: GGAA) has received a notification from Nasdaq regarding its non-compliance with Listing Rule 5250(c)(1) due to the late filing of its Annual Report on Form 10-K for the year ended December 31, 2022.
The notification does not affect the current listing of the company's units, common stock, or warrants on the Nasdaq Global Market. GGAA has a 60-day window, until June 20, 2023, to submit a compliance plan. If accepted, Nasdaq may grant an extension of up to 180 days, or until October 16, 2023, to rectify the compliance issue. In case of rejection, GGAA may appeal the decision to a Hearing Panel.
Genesis Growth Tech Acquisition Corp. (Nasdaq: GGAAU) announced that holders of its units can now separately trade Class A ordinary shares and warrants starting January 31, 2022. The separated shares will trade under symbols GGAA and GGAAW, while any units not separated will continue under GGAAU. The initial units were offered in an underwritten offering led by Nomura Securities International, Inc. A registration statement for the units was effective as of December 8, 2021. This communication is not an offer to sell or buy securities in any unlawful jurisdiction.