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, 2024

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

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


	For the Three Months Ended March 31,
	2024						2023
	Class A			Class B			Class A		Class B
Basic and diluted net loss per ordinary share
Numerator:
Allocation of net (loss) income	$	(120,766	)	$	(117,358	)	$	256,814	$	87,625
Denominator
Weighted-average shares outstanding		7,699,729			7,482,500			21,930,000		7,482,500
Basic and diluted net (loss) income per ordinary share	$	(0.02	)	$	(0.02	)	$	0.01	$	0.01

Reconciliation of Class A Ordinary Shares

As of March 31, 2024 and December 31, 2023, the amount of Class A ordinary shares reflected on the balance sheets are reconciled in the following table:


Class A ordinary shares subject to redemption, December 31, 2022		225,084,808
Less:
Redemption of Class A ordinary shares		(149,750,540	)
Add:
Re-measurement of carrying value to redemption value		8,520,553

Class A ordinary shares subject to redemption, December 31, 2023	$	83,854,821
Add:
Re-measurement of carrying value to redemption value		1,470,369

Class A ordinary shares subject to redemption, March 31, 2024	$	85,325,190