Generation Asia I Acquisition Ltd. Class A (GAQ) has released an update to notify the public and investors about its financial commitment initiation.
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Generation Asia I Acquisition Limited has issued a $550,000 non-convertible, unsecured promissory note to its sponsor for working capital and to facilitate extension payments allowing more time to complete a business combination. This promissory note does not bear interest and is due upon the successful completion of a business combination. The company also released a press statement regarding this financial move.
For further insights into GAQ financials, check out TipRanks’ Financials page.
For a comprehensive understanding of the announcement, you can read the full document here.
