Generation Asia I Acquisition Ltd. Class A (GAQ) has released an update to notify the public and investors about an entry into a material definitive agreement.
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Generation Asia I Acquisition Limited amended their Investment Management Trust Agreement with Continental Stock Transfer & Trust Company to allow the liquidation of U.S. government securities or money market funds from their Trust Account and to hold the proceeds in an interest-bearing demand deposit bank account. This amendment, detailed in a document filed with the relevant authorities, facilitates the new holding arrangement for the company’s funds post-liquidation.
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