Generation Asia I Acquisition Limited Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Significant Accounting Policies Basis of Presentation (Tables)

Significant Accounting Policies Basis of Presentation (Tables)

12 Months Ended

Dec. 31, 2022

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

As a result, diluted net income (loss) per ordinary share is the same as basic net income (loss) per ordinary share for the periods. The table below presents a reconciliation of the numerator and denominator used to compute basic and diluted net income (loss) per share for each class of ordinary shares.


	For the Year Ended December 31, 2022				For the Period from March 3, 2021 (Inception) through December 31, 2021
	Class A		Class B		Class A		Class B
Basic and diluted net income (loss) per ordinary share
Numerator:
Allocation of net income (loss)	$	7,181,093	$	2,606,006	$	—	$	(58,457	)
Denominator
Weighted-average shares outstanding		20,505,808		7,441,521		—		7,000,000
Basic and diluted net income (loss) per ordinary share	$	0.35	$	0.35	$	—	$	(0.01	)

Reconciliation of Class A Ordinary Shares

As of 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, December 31, 2022	$	225,084,808