Genesis Acquisition, Nusa extend outside date for QT

Executive Summary

• Genesis Acquisition Corp. has entered into an amending agreement with Nusa Nickel Corp. to modify the terms of their previously announced business combination.
• The primary change is an extension of the outside date for the completion of the proposed transaction.
• The parties anticipate completing the transaction in the second quarter of 2026, subject to the satisfaction or waiver of conditions precedent and receipt of requisite approvals.

Key Details

• Transaction Type: Amendment to Business Combination Agreement between Genesis Acquisition Corp. (SPAC) and Nusa Nickel Corp.
• Effective Date: January 14, 2026.
• Key Amendment: Extension of the outside date for completion of the proposed business combination.
• Projected Completion: Second quarter of 2026.
• Conditions: Completion is subject to satisfaction or waiver of conditions precedent in the definitive agreement and receipt of all requisite approvals.
• Target Profile: Nusa Nickel Corp. is described as North America's only revenue-generating nickel producer and licensed trader operating in Indonesia.

Notable Quotes

• "The parties continue to work diligently toward the completion of the proposed transaction..."