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GGAAW - GGAAW STOCK NEWS

Welcome to our dedicated page for GGAAW news (Ticker: GGAAW), a resource for investors and traders seeking the latest updates and insights on GGAAW stock.

GGAAW (GGAAW) is a special purpose acquisition company targeting innovative businesses in consumer internet sectors including online marketplaces, digital classifieds, proptech, and fintech. This news hub provides investors and industry observers with timely updates on the SPAC's strategic moves and market developments.

Our curated collection features official press releases, regulatory filings, and partnership announcements related to GGAAW's acquisition search. Users will find updates on potential merger candidates, leadership changes, and industry analysis relevant to the company's focus areas. The resource is particularly valuable for tracking progress toward GGAAW's goal of identifying a transformative business combination.

Key content includes updates on SEC filings, investor communications, and strategic positioning within high-growth digital sectors. Bookmark this page for streamlined access to GGAAW's latest developments and historical news archive. Check back regularly for new information that may impact investment decisions or sector analysis.

Rhea-AI Summary
Genesis Growth Tech Acquisition Corp. (Nasdaq: GGAA) has received a notice from Nasdaq stating that it is not in compliance with listing rules due to the low market value of its securities. The company's average market value of listed securities has been below $50 million and the average market value of publicly held securities for its Class A ordinary shares has been below $40 million. Additionally, the company failed to timely file its Form 10-Q, which serves as an additional basis for delisting. Trading of the company's securities will be suspended from Nasdaq on July 25, 2023, unless the company appeals the determination.
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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.

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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.

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