Generation Asia I Acquisition Limited Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Significant Accounting Policies Basis of Presentation (Tables)

Significant Accounting Policies Basis of Presentation (Tables)

3 Months Ended

Mar. 31, 2023

Schedule of Reconciliation of Numerator and Denominator used to Compute Basic and Diluted Net Income Per Share

The table below presents a reconciliation of the numerator and denominator used to compute basic and diluted net income per share for each class of ordinary shares.


	For the Three Months Ended March 31, 2023				For the Three Months Ended March 31, 2022
	Class A		Class B		Class A		Class B
Basic and diluted net income per ordinary share
Numerator:
Allocation of net income	$	256,814	$	87,625	$	1,198,385.00	$	542,756
Denominator
Weighted-average shares outstanding		21,930,000		7,482,500		16,154,111		7,316,306
Basic and diluted net income per ordinary share	$	0.01	$	0.01	$	0.07	$	0.07

Reconciliation of Class A Ordinary Shares

As of March 31, 2023, and December 31, 2022, the amount of Class A ordinary shares reflected on the balance sheets are reconciled in the following table:


Gross Proceeds	$	219,300,000
Less:
Proceeds Allocated to Public Warrants		(5,372,850	)
Class A ordinary shares issuance cost		(20,937,928	)
Add:
Re-measurement of carrying value to redemption value		32,095,586
Class A ordinary shares subject to redemption 12/31/2022		225,084,808
Add:
Re-measurement of carrying value to redemption value		2,441,165
Class A ordinary shares subject to redemption 03/31/2023	$	227,525,973