Generation Asia I Acquisition Ltd
Cash in trust
—
Not yet disclosed
Trust per share
$11.27
Redemption value
IPO
Jan 2022
$216.9M raised
Combination deadline
—
Not disclosed
Filings on record
136
Latest Feb 14, 2025
Overview
Generation Asia I Acquisition Ltd is a special purpose acquisition company incorporated in Cayman Islands and registered with the SEC under CIK 0001852061. It completed its initial public offering in Jan 2022, raising $216.9M in gross proceeds. The vehicle is sponsored by Generation Asia through Generation Asia LLC. The mandate targets technology, consumer, media & entertainment, business services. Deadline lapsed without a deal; trust returned to public shareholders.
“we intend to focus our search on a target that is at least partially owned by a financial sponsor(s) with operations or prospective operations in the technology, media & telecommunications (TMT), business services, or consumer sectors , which we refer to as the Target Sectors, across Asia, in particular North Asia and Southeast Asia.”
Reading the filings
Arithmetic on what Generation Asia I Acquisition Ltd has disclosed, written the way a desk would read it. These are observations, not a rating. Nothing here scores the vehicle or implies a view on it.
Trust versus the $10 unit
The trust holds $11.27 per public share, 12.7% above the $10.00 the units were sold at. That spread is accrued interest on the trust and, where the charter provides for it, sponsor contributions paid in to buy more time. It is the floor a public shareholder can redeem at, not a valuation of the business.
Warrant coverage
Each unit carried one-half of one warrant per unit. Warrants are dilution deferred: they cost the holder nothing until exercised, and they overhang the post-combination share count. Thinner coverage is generally a sign of a stronger book at pricing.
Underwriting
Nomura led the offering. It has been named on 7 SPAC IPOs, book-running 6 of them, and 14.3% of its resolved vehicles closed a deal. The syndicate has no control over whether a sponsor finds a target, but the quality of the book at pricing shapes who ends up holding the units.
SEC filing history
Free tier: filings older than 24 hours- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0001326389-25-000138
- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0001604488-25-000051
- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0001140361-25-004889
- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0001104659-25-012297
- SC 13G
Beneficial ownership report (passive)
Accession 0001604488-24-000333
- SC 13G
Beneficial ownership report (passive)
Accession 0001140361-24-046969
- SC 13G/A
SC 13G/A
Accession 0001104659-24-119015
- SC 13G/A
Amended beneficial ownership report (passive)
Accession 0001326389-24-000168
- SC 13G/A
COWEN AND COMPANY, LLC
Accession 0001085146-24-005639
- SC 13G/A
SC 13G/A
Accession 0001193125-24-255943
- 15-12G
Deregistration of securities
Accession 0001193125-24-253108
- 25-NSE
Notification of delisting
Accession 0001354457-24-000848
- 8-K
Other events
Items 8.01, 9.01 · Accession 0000950170-24-116671
- SC 13G/A
SC 13G/A
Accession 0001104659-24-106714
- 8-K
Other events
Items 8.01, 9.01 · Accession 0000950170-24-108859
- 8-K
Other events
Items 8.01, 9.01 · Accession 0000950170-24-100228
- 8-K
Other events
Items 2.03, 8.01, 9.01 · Accession 0000950170-24-099135
- 10-Q
Quarterly report
Accession 0000950170-24-096318
- 8-K
Other events
Items 8.01, 9.01 · Accession 0000950170-24-085277
- 8-K
Other events
Items 8.01, 9.01 · Accession 0000950170-24-076767
- SC 13G/A
SC 13G/A
Accession 0001140361-24-027193
- 8-K
Other events
Items 8.01, 9.01 · Accession 0000950170-24-062962
- 10-Q
Quarterly report
Accession 0000950170-24-060526
- SC 13G/A
SC 13G/A
Accession 0001104659-24-059749
- 8-K
Other events
Items 2.03, 8.01, 9.01 · Accession 0000950170-24-055769
- 8-K
Other events
Items 8.01, 9.01 · Accession 0000950170-24-046541
- 8-K
Entry into a material definitive agreement; Submission of matters to a vote of security holders; Regulation FD disclosure
Items 1.01, 5.03, 5.07, 7.01, 9.01 · Accession 0000950170-24-045315
- 8-K
Other events
Item 8.01 · Accession 0000950170-24-042805
- CERT
Exchange listing certification
Accession 0001354457-24-000233
- 8-K
Other events
Items 8.01, 9.01 · Accession 0000950170-24-041117
Generation Asia I Acquisition Ltd: questions answered
What is Generation Asia I Acquisition Ltd?
Generation Asia I Acquisition Ltd is a special purpose acquisition company incorporated in Cayman Islands and registered with the SEC under CIK 0001852061. It completed its initial public offering in Jan 2022, raising $216.9M in gross proceeds. The vehicle is sponsored by Generation Asia through Generation Asia LLC. The mandate targets technology, consumer, media & entertainment, business services. Deadline lapsed without a deal; trust returned to public shareholders.
How much does Generation Asia I Acquisition Ltd hold in trust?
No trust balance has been disclosed in a filing we have indexed for Generation Asia I Acquisition Ltd. For a newly priced IPO this is normal: the figure first appears in the quarterly report after closing.
When must Generation Asia I Acquisition Ltd complete a merger?
No combination deadline appears in the filings we have indexed. The date is stated in the charter and repeated in each quarterly report; where our parser could not establish it with confidence we leave it blank rather than infer one.
What happens if Generation Asia I Acquisition Ltd does not find a target in time?
The charter requires the vehicle to redeem 100% of the public shares and return the trust, pro rata, to public shareholders. That is the mechanism working as designed rather than a default. Founder shares and warrants are worthless in that outcome, which is why the sponsor's incentive is to get a deal done or to buy more time. Across the market, deadline lapsed without a deal; trust returned to public shareholders.
Can I redeem shares in Generation Asia I Acquisition Ltd, and at what price?
Public shareholders may elect to redeem in connection with a combination vote and at each extension vote, at the pro-rata trust value on the relevant record date, most recently disclosed at about $11.27 per share. Redemption is a right attached to the public shares only; warrants and rights carry no claim on the trust. The mechanics and the deadline for electing are set out in the proxy statement for the vote in question.
Is the trust value the same as the share price for Generation Asia I Acquisition Ltd?
No. Trust per share is a disclosed, contractual figure: what a redeeming holder receives. The market price is whatever the shares change hands at, which can sit above the trust when a deal is well received or below it when the market doubts one will close. We do not have a current quote for this vehicle, so no spread is shown.
How much dilution do Generation Asia I Acquisition Ltd's founder shares and warrants create?
Each unit also carried one-half of one warrant per unit, which is dilution deferred until exercise. Both are disclosed in the prospectus and both survive into the combined company, which is why a de-SPAC at $10 is not economically the same as an IPO at $10.
Who sponsors Generation Asia I Acquisition Ltd, and what is their track record?
Generation Asia LLC is the sponsor entity, part of the Generation Asia franchise. This is the only vehicle we have attributed to that sponsor. Named principals: Roy Kuan.
Which banks underwrote the Generation Asia I Acquisition Ltd IPO?
Nomura. Nomura was credited as book-running manager on the cover. Syndicate membership and role are read from the prospectus cover and the underwriting section.
Is Generation Asia I Acquisition Ltd a good investment?
That is not a question this site answers. Generation Asia I Acquisition Ltd is covered here as reference data: what the company filed, when it filed it, and what the numbers in those filings say. The Edge, FOMO and Potential scores on this page are derived measures with a published formula, not ratings of investment merit: they describe the setup, and every component is shown so you can take them apart. We publish no price targets and no recommendations, and nothing here should be read as advice. The figures are a starting point for your own work, and each one carries the accession number of the filing it came from.
Where does this Generation Asia I Acquisition Ltd data come from?
Filings Generation Asia I Acquisition Ltd submitted to the SEC under CIK 0001852061: the registration statement and final prospectus for the structure, quarterly and annual reports for the trust, current reports and proxy statements for deals, votes and extensions. Trust economics are taken from the registrant's own XBRL tags rather than parsed from prose, which is why they are exact. Every filing in the history above is listed with its accession number, which identifies the document uniquely on EDGAR; Pro accounts open it directly from the row.
Compiled by the SPACListing research desk
Last reconciled Sep 4, 2026
Every figure on this page is read from documents the registrants filed with the U.S. Securities and Exchange Commission, principally the IPO prospectus (Form 424B4), quarterly and annual reports, current reports and proxy statements, the registrant's own XBRL tags for trust economics. Nothing is sourced from press coverage, from the companies themselves, or from a third-party aggregator. Where a filing does not disclose something, the field is left blank rather than estimated.
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Continue reading
The context around this vehicle: who else the sponsor has launched, which banks priced it, and where it sits in the wider market.
Generation Asia: the full record
Every vehicle this sponsor has launched, what closed, what liquidated and what is still live.
Nomura in SPACs
Mandates, bookrun credit, deal volume and the outcome of the vehicles it priced.
Technology SPACs
Every vehicle chasing the same mandate, ranked by cash in trust.
All liquidated spacs
Deadline lapsed without a deal; trust returned to public shareholders.
Deadline calendar
Which sponsors are running out of time, and when the extension votes land.
What is a SPAC?
The structure, the economics and where the risks actually sit.
SPAC glossary
Every term in a blank-check filing, defined the way practitioners use it.
How this data is built
Coverage universe, ingestion, normalisation, lifecycle classification and known limits.