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

Rhea-AI Summary

Inception Growth Acquisition Limited (NASDAQ: IGTA), a special purpose acquisition company (SPAC), has deposited $13,249.65 into its trust account to extend its business combination deadline. This extension moves the completion deadline from July 13, 2025 to August 13, 2025, providing an additional month for the SPAC to finalize a potential merger target.

Positive

• Additional time secured for completing a business combination
• Trust account funding demonstrates commitment to completing a deal

Negative

• Small extension amount suggests limited financial flexibility
• Short extension period of only one month may indicate challenges in deal completion

New York, July 11, 2025 (GLOBE NEWSWIRE) -- Inception Growth Acquisition Limited (NASDAQ: IGTA, the “Company”), a publicly traded special purpose acquisition company, announced today that on July 7, 2025, the Company deposited $13,249.65 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 July 13, 2025 to August 13, 2025. 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 is the new deadline for IGTA's business combination completion?

The new deadline for IGTA to complete its business combination is August 13, 2025, extended from July 13, 2025.

How much did IGTA deposit to extend its business combination period?

IGTA deposited $13,249.65 into its trust account to secure a one-month extension.

Why did IGTA extend its business combination deadline?

IGTA extended the deadline to provide additional time to complete a business combination with a potential merger target.

What happens if IGTA doesn't complete a business combination by the new deadline?

If IGTA doesn't complete a business combination by August 13, 2025, they would need to either secure another extension or potentially liquidate the trust account and return funds to shareholders.

Is IGTA currently in negotiations with any potential merger targets?

The press release does not disclose whether IGTA is currently in negotiations with any specific merger targets.