Genesis Growth Tech Acquisition Corp. Announces Execution Of Business Combination Agreement With Travel Technology Innovator NextTrip
Portfolio Pulse from Benzinga Newsdesk
Genesis Growth Tech Acquisition Corp. (NASDAQ: GGAA) has entered into a definitive Merger Agreement with travel technology company NextTrip Holdings, Inc. The merger will make NextTrip a publicly traded company on NASDAQ. The transaction is expected to be completed in the second half of 2023.
May 22, 2023 | 9:59 pm
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Genesis Growth Tech Acquisition Corp. (GGAA) has entered into a Merger Agreement with NextTrip Holdings, Inc., which is expected to be completed in the second half of 2023.
The merger with NextTrip Holdings will provide the opportunity for NextTrip to become a publicly traded company on NASDAQ. This will give NextTrip better access to additional capital on more favorable terms to fund strategic growth, lower its cost of capital, and enhance its ability to raise capital. This is expected to augment growth and potentially enhance overall returns for shareholders, which will likely have a positive short-term impact on GGAA's stock price.
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