Item 1.02 Termination of Material Definitive Agreement.
As previously announced, on August 26, 2022, Genesis Growth Tech Acquisition
Corp., an exempted company incorporated under the laws of the Cayman Islands
("GGAA") and Biolog-ID, a société anonyme organized under the laws of France
("Biolog-id"), entered into a Business Combination Agreement (the "BCA"). The
BCA had contemplated that GGAA and Biolog-id would engage in a series of
transactions pursuant to which, among other transactions, GGAA would merge with
and into Biolog-id, with Biolog-id continuing as the surviving entity upon the
closing of the transactions contemplated by the BCA.
Effective as of March 6, 2023 and in accordance with Section 7.1(a) of the BCA,
GGAA and Biolog-id mutually agreed to terminate the BCA, pursuant to a
termination agreement by and between GGAA and Biolog-id (the "Termination
Agreement"). Under the Termination Agreement, GGAA waived and released all
claims, obligations, liabilities and losses against Biolog-id and its Company
Non-Party Affiliates, and Biolog-id waived and released all claims, obligations,
liabilities and losses against GGAA and its SPAC Non-Party Affiliates, arising
or resulting from or relating to, directly or indirectly, the BCA, any other
transaction documents, any of the transactions contemplated by the BCA or any
other transaction documents, except for any terms, provisions, rights or
obligations that expressly survive the termination of the BCA or set forth in
the Termination Agreement.
The foregoing description of the Termination Agreement is qualified in its
entirety by reference to the full text of such agreement which is attached as an
exhibit hereto and incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. Description
10.1 Termination Agreement
104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
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GENESIS GROWTH TECH ACQUISITION CORP. 