Roy Kuan - Feb 1, 2022 Form 4 Insider Report for Generation Asia I Acquisition Ltd (GAQ)

Signature
/s/ Roy Kuan
Stock symbol
GAQ
Transactions as of
Feb 1, 2022
Transactions value $
$0
Form type
4
Date filed
2/3/2022, 03:15 PM
Previous filing
Jan 20, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GAQ Class B ordinary shares Disposed to Issuer $0 -268K -5.22% $0.00 4.86M Feb 1, 2022 See footnote F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Class B ordinary shares will automatically convert into Class A ordinary shares concurrently with or immediately following the consummation of the initial business combination of Generation Asia I Acquisition Limited (the "Issuer") on a one-for-one basis, subject to adjustment, as described in the section entitled "Description of Securities" in the Issuer's Prospectus dated January 19, 2022, filed with the U.S. Securities and Exchange Commission.
F2 Reflects shares of the Issuer held of record by Generation Asia LLC (the "Sponsor"). The reporting person is the managing member of the Sponsor. The reporting person disclaims beneficial ownership of the securities reported herein, except to the extent of his pecuniary interest therein. The filing of this form shall not be deemed to be an admission that, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise, the reporting person is the beneficial owner of any securities reported herein.
F3 Represents forfeiture of Class B ordinary shares by the Sponsor to the Issuer for no consideration in connection with the underwriter's partial exercise of its over-allotment option related to the Issuer's initial public offering.