UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File Number: 001-41239 | --- | --- | |----------------------------------------------------------------------------------------------------------- ...

Business Combination and Financial Position - The Company extended the deadline for completing an initial Business Combination from July 23, 2023, to July 23, 2024, with reduced monthly extension payments from $723,690 to the lesser of $125,000 or $0.03 per public share [132]. - The Company raised gross proceeds of $206.8 million from its IPO, with $202 million deposited into the Trust Account for public shareholders [140]. - The underwriter is entitled to a deferred fee of $0.35 per Unit, totaling $7,675,500, payable only upon completion of a Business Combination [148]. - The company entered into a fee reduction agreement with the underwriter, waiving $4,675,500 of the deferred underwriter commission [149]. Financial Performance - As of March 31, 2024, the Company had a net loss of $238,124, consisting of formation and operating costs of $416,293 and unrealized losses on fair value changes of warrants of $917,200, offset by interest income of $1,095,369 [141]. - The Company has not generated any operating revenues to date and does not expect to do so until after completing a Business Combination [139]. - The Company incurred net cash used in operating activities of $363,103 for the three months ended March 31, 2024 [142]. - The Company held approximately $132,040 in its operating bank account, with a working capital deficit of $2,518,469 [145]. Shareholder Actions - The Company redeemed 14,230,271 Class A Ordinary Shares for approximately $149.75 million at an approximate price of $10.52 per share, leaving 7,699,729 shares outstanding after the 2023 Meeting [134]. - For the year ended December 31, 2023, the company recorded a gain of $126,472 from debt forgiven and charged $4,549,028 of the waived deferred underwriting commission into the statement of equity [150]. - The balance of deferred underwriting commissions was $3,000,000 as of March 31, 2024, and December 31, 2023 [150]. Debt and Financial Instruments - The Company issued a non-convertible unsecured promissory note to the Sponsor for $550,000 to support working capital and future extension payments [138]. - The Company has no long-term debt or off-balance sheet arrangements as of March 31, 2024 [147]. - The company evaluates its financial instruments to determine if they are derivatives, with changes in fair value reported in the statements of operations [152]. - Warrants and over-allotment options that do not meet equity classification criteria are recorded as liabilities at their initial fair value and adjusted to fair value at each balance sheet date [154]. - The company accounted for Public Warrants and Private Placement Warrants as liabilities, as they do not meet the criteria for equity treatment [155]. Compliance and Internal Controls - In December 2023, the FASB issued ASU 2023-09, which requires expanded disclosures of income taxes paid, effective for fiscal years beginning after December 15, 2024 [156]. - The company’s management evaluated the effectiveness of disclosure controls and procedures as of March 31, 2024, concluding they were effective [157]. - There were no changes in internal control over financial reporting that materially affected the company during the most recently completed fiscal quarter [160]. - There is no material litigation or governmental proceeding currently pending against the company or its management team [162].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) x Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2023 OR ¨ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the Transition Period from to Commission File Number 001-41239 GENERATION ASIA I ACQUISITION LIMITED (Exact name of registrant as specified in its charter) (345) 814-5580 (Registrant's Telep ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to ________ Commission File Number: 001-41239 GENERATION ASIA I ACQUISITION LIMITED (Exact Name of Registrant as Specified in its Charter) Cayman Is ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-41239 GENERATION ASIA I ACQUISITION LIMITED (Exact Name of Registrant as Specified in its Charter) Cayman Islands 98-1588665 (State or other jurisdiction of incorpo ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-41239 GENERATION ASIA I ACQUISITION LIMITED (Exact Name of Registrant as Specified in its Charter) Cayman Islands 98-1588665 (State or other jurisdiction of incorp ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) x Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2022 OR ¨ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the Transition Period from to Commission File Number 001-41239 GENERATION ASIA I ACQUISITION LIMITED (Exact name of registrant as specified in its charter) (345) 814-5580 (Registrant's Telep ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-41239 GENERATION ASIA I ACQUISITION LIMITED (Exact Name of Registrant as Specified in its Charter) Cayman Islands 98-1588665 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identif ...