# EDGAR Filing Document

**Accession Number:** 0001852061
**File Stem:** 0000950170-23-001027
**Filing Date:** 2023-1
**Character Count:** 10206
**Document Hash:** e9d30cea76ac4aedffef9efc28d467a2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000950170-23-001027.hdr.sgml**: 20230123

**ACCESSION NUMBER**: 0000950170-23-001027

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20230117

**ITEM INFORMATION**: Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230123

**DATE AS OF CHANGE**: 20230123

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Generation Asia I Acquisition Ltd
- **CENTRAL INDEX KEY:** 0001852061
- **STANDARD INDUSTRIAL CLASSIFICATION:** BLANK CHECKS [6770]
- **IRS NUMBER:** 981588665
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-41239
- **FILM NUMBER:** 23544839

**BUSINESS ADDRESS:**
- **STREET 1:** TWO EXCHANGE SQUARE, SUITE 3102
- **STREET 2:** 8 CONNAUGHT PLACE, CENTRAL
- **CITY:** HONG KONG
- **STATE:** F4
- **ZIP:** 0
- **BUSINESS PHONE:** 852-2131-8900

**MAIL ADDRESS:**
- **STREET 1:** TWO EXCHANGE SQUARE, SUITE 3102
- **STREET 2:** 8 CONNAUGHT PLACE, CENTRAL
- **CITY:** HONG KONG
- **STATE:** F4
- **ZIP:** 0

?xml version="1.0" encoding="ASCII"? 8-K

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**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION** 

**Washington, D.C. 20549** 

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**FORM** 8-K

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**CURRENT REPORT** 

**Pursuant to Section 13 OR 15(d)** 

**of the Securities Exchange Act of 1934** 

**Date of Report (Date of earliest event reported): January 23, 2023 (**January 17, 2023**)**

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GENERATION ASIA I ACQUISITION LIMITED

**(Exact name of registrant as specified in its charter)** 

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| | | |
|:---|:---|:---|
| Cayman Islands | 001-41239 | 98-1588665 |
| **(State or other jurisdiction**<br>**of incorporation)** | **(Commission**<br>**File Number)** | **(IRS Employer**<br>**Identification No.)** |

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| | |
|:---|:---|
| Boundary Hall**,** Cricket Square<br>Grand Cayman**,** Cayman Islands | KY1-1102 |
| **(Address of Principal Executive Offices)** | **(Zip Code)** |

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**(**345**)** 814-5580

**Registrant's Telephone Number, Including Area Code** 

**Not Applicable** 

**(Former Name or Former Address, if Changed Since Last Report)** 

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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| **Title of each class** | **Trading**<br>**Symbol(s)** | **Name of each exchange**<br>**on which registered** |
| Units, each consisting of one Class A ordinary share, $0.0001 par value, and one-half of one redeemable warrant<br>| GAQ.U | The New York Stock Exchange |
| Class A ordinary shares<br>| GAQ | The New York Stock Exchange |
| Redeemable Warrants included as part of the units, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50 | GAQWS | The New York Stock Exchange |

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Indicate by check mark whether the registrant is an emerging growth company, as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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This Current Report on Form 8-K is filed by Generation Asia I Acquisition Limited, a Cayman Islands exempted company (the "Company"), in connection with the matters described herein.

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| | |
|:---|:---|
| **Item 3.01**  | **Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.** |

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On January 17, 2023, Generation Asia I Acquisition Limited (the "Company") received a notice from NYSE Regulation that the Company is not in compliance with the continued listing standards set forth in Section 802.01B of the New York Stock Exchange (the "NYSE") Listed Company Manual ("Section 802.01B") as the Company has fewer than 300 public shareholders on a continuous basis.

In accordance with applicable NYSE procedures, the Company has 45 days from receipt of the Notice to submit a plan advising the NYSE of the definitive action(s) the Company has taken, or is taking, that would bring it into compliance with the minimum public shareholders requirement within 18 months of receipt of the Notice. The NYSE will review the plan and, within 45 days of its receipt, determine whether the Company has made a reasonable demonstration of an ability to conform to the relevant standards in the 18-month period. If the NYSE accepts the plan, the Company's common stock will continue to be listed and traded on the NYSE during the 18-month period, subject to the Company's compliance with other NYSE continued listing standards and continued periodic review by the NYSE of the Company's progress with respect to its plan.

The Notice has no immediate impact on the listing of the Company's common stock, which will continue to trade on the NYSE during the applicable cure period, and does not result in a default under the Company's material debt or other agreements. The Company is considering all available options to regain compliance with the NYSE continued listing standards. The Company can provide no assurances that it will be able to satisfy any of the steps outlined above and maintain the listing of its shares on the NYSE.

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| | |
|:---|:---|
| **Item 9.01** | **Financial Statements and Exhibits.** |

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**(d) Exhibits.**

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| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| 99.1 | [<u>Press Release dated January 23, 2023</u>](gaq-ex99_1.htm) |
| 104 | Cover Page Interactive Data File (formatted as Inline XBRL) |

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**Signature** 

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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| | | |
|:---|:---|:---|
| Date: January 23, 2023 | GENERATION ASIA I ACQUISITION LIMITED | GENERATION ASIA I ACQUISITION LIMITED |
|  | By: | /s/ Roy Kuan  |
|  | Name: | Roy Kuan |
|  | Title: | Chief Executive Officer |

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## Exhibit 99.1

**Generation Asia I Acquisition Reports Receipt of NYSE Non-compliance Letter Regarding Minimum Public Shareholders**

New York and Hong Kong – January 23, 2023 – Generation Asia I Acquisition Limited (NYSE: GAQ) (the "Company") announced today that, it received notice (the "Notice") on January 17, 2023 from NYSE Regulation that the Company is not in compliance with the NYSE's continued listing standards, because the number of public shareholders is less than 300 on a continuous basis. In accordance with applicable NYSE procedures, the Company has 45 days from receipt of the Notice to submit a plan that would bring it into compliance with the minimum public shareholders requirement within 18 months of receipt of the Notice. The Company intends to develop and submit a plan to bring it into compliance with the NYSE's continued listing standards within the required time-frame by pursuing measures that are in the best interests of the Company and its shareholders.

The Notice has no immediate impact on the Company's common stock, and provided the NYSE approves the plan, the Company's common stock will continue to be listed and traded on the NYSE during the 18-month period, subject to the Company's compliance with other NYSE listing standards and periodic review by the NYSE of the Company's progress under the plan. The Notice does not result in a default under the Company's material debt or other agreements, and does not affect the Company's ongoing business operations or its U.S. Securities and Exchange Commission reporting requirements. The Company is considering all available options to regain compliance with the NYSE continued listing standards.

**About Generation Asia I Acquisition Limited** 

The Company is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses (the "Business Combination"). While the Company may pursue the Business Combination with a company in any industry, sector or geographic region (excluding China, Hong Kong and Macau), the Company intends to focus its search on a target that is at least partially owned by financial sponsor(s) with operations or prospective operations in the technology, media & telecommunications, business services, or consumer sectors across Asia, in particular North Asia and Southeast Asia.

**Forward-Looking Statements** 

This press release contains statements that constitute "forward-looking statements," including with respect to (i) the anticipated use of the net proceeds from the initial public offering and (ii) the plan for and consummation of the Business Combination. Forward looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the "Risk Factors" section of the Company's registration statement and prospectus filed with the SEC. Copies of these documents are available on the SEC's website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

**Investor Contact:** 

Katherine Chan <br>Telephone: +852 2131 8900 <br>Email: ir@gen-mgmt.com

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