Inception Growth Acquisition Limited Announces Additional Contribution to Trust Account to Extend Business Combination Period

Rhea-AI Summary

Inception Growth Acquisition Limited (NASDAQ: IGTA) announced a deposit of $12,203.33 into its trust account on April 13, 2026 to extend the SPAC's business combination deadline by one month. The extension moves the termination date from April 13, 2026 to May 13, 2026 to allow additional time to complete a business combination.

Positive

• Deadline extended by one month to May 13, 2026
• Trust account topped up by $12,203.33 to fund the extension

Negative

• Extension is short-term: only one month
• No additional extensions or transactions beyond May 13, 2026 were announced

News Market Reaction – IGTA

-0.15%

1 alert

-0.15% News Effect

On the day this news was published, IGTA declined 0.15%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

New York, April 13, 2026 (GLOBE NEWSWIRE) -- Inception Growth Acquisition Limited (NASDAQ: IGTA, the “Company”), a publicly traded special purpose acquisition company, announced today that on April 13, 2026, the Company deposited $12,203.33 into the Company’s trust account (the “Trust Account”)  in order to extend the period of time the Company has to complete a business combination for an additional one (1) month period, from April 13, 2026 to May 13, 2026. The purpose of the extension is to provide additional time for the Company to complete a business combination.

About Inception Growth Acquisition Limited

Inception Growth Acquisition Limited is a blank check company incorporated under the laws of Delaware whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or entities. 

Forward Looking Statements

This press release includes forward-looking statements that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts. Such forward-looking statements, including the successful consummation of the Company’s initial public offering, are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.

Contact

Inception Growth Acquisition Limited
Investor Relationship Department
(315) 636-6638

FAQ

What did IGTA announce on April 13, 2026 regarding its business combination deadline?

IGTA announced a one-month extension of its business combination period to May 13, 2026. According to the company, it deposited $12,203.33 into the trust account on April 13, 2026 to effect the extension and provide more time to close a deal.

How long is the new IGTA (NASDAQ: IGTA) deadline to complete a business combination?

The new deadline is one month later, set for May 13, 2026. According to the company, the extension runs from April 13, 2026 through May 13, 2026 to allow additional time to complete a business combination.

How much did IGTA deposit into its trust account to extend the SPAC period?

IGTA deposited $12,203.33 into its trust account on April 13, 2026. According to the company, that specific sum was contributed to extend the time available to complete a business combination by one month.

Does IGTA's April 13, 2026 deposit guarantee a completed business combination by May 13, 2026?

No, the deposit does not guarantee a closing by May 13, 2026; it only extends the timeline by one month. According to the company, the contribution provides additional time but does not confirm completion of a business combination.

Why did IGTA (NASDAQ: IGTA) add funds to the trust account on April 13, 2026?

IGTA added funds to extend the company’s SPAC deadline and allow more time for negotiations or closing. According to the company, the $12,203.33 deposit specifically funds a one-month extension to May 13, 2026.