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

Rhea-AI Summary

Inception Growth Acquisition Limited (NASDAQ: IGTA) deposited $12,203.33 into its trust account on March 12, 2026 to extend the SPAC's business combination deadline by one month, moving the deadline from March 13, 2026 to April 13, 2026. The contribution is intended to provide additional time to complete a business combination.

Positive

• Deposited $12,203.33 into trust account on March 12, 2026
• Extended business combination deadline by one month to April 13, 2026

Negative

• Extension covers only a one-month period, limiting deal closing time
• Small cash contribution ($12.2k) may reflect limited immediate sponsor funding

New York, March 13, 2026 (GLOBE NEWSWIRE) -- Inception Growth Acquisition Limited (NASDAQ: IGTA, the “Company”), a publicly traded special purpose acquisition company, announced today that on March 12, 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 March 13, 2026 to April 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

Why did IGTA (NASDAQ: IGTA) deposit $12,203.33 into its trust account on March 12, 2026?

The deposit was made to extend the SPAC’s business combination period by one month. According to the company, the $12,203.33 contribution extends the deadline from March 13, 2026 to April 13, 2026 to allow more time to complete a combination.

What is the new business combination deadline for IGTA after the March 12, 2026 deposit?

The new deadline is April 13, 2026, one month later than prior date. According to the company, the trust-account contribution was specifically intended to extend the SPAC’s outside date to April 13, 2026.

How much time did IGTA buy with the $12,203.33 trust contribution on March 12, 2026?

IGTA extended its business combination period by exactly one month. According to the company, the extension moves the deadline from March 13, 2026 to April 13, 2026 to allow additional time for a transaction.

Does the IGTA trust account deposit on March 12, 2026 change shareholder redemption terms?

The deposit extends the merger deadline but does not itself change redemption mechanics. According to the company, the $12,203.33 was placed in the trust solely to extend the outside date to April 13, 2026.

What does the March 12, 2026 $12,203.33 deposit mean for IGTA shareholders' timeline?

Shareholders gain one additional month to evaluate potential deals and redemption choices. According to the company, the deposit extends the SPAC’s combination period to April 13, 2026, providing more time to complete a business combination.