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

Rhea-AI Summary

Inception Growth Acquisition (NASDAQ: IGTA) has announced a strategic move to extend its business combination timeline. The company deposited $11,199.60 into its Trust Account on December 12, 2024, securing a one-month extension from December 13, 2024, to January 13, 2025. This extension aims to provide the SPAC with additional time to complete its planned business combination.

New York, Dec. 16, 2024 (GLOBE NEWSWIRE) -- Inception Growth Acquisition Limited (NASDAQ: IGTA, the “Company”), a publicly traded special purpose acquisition company, announced today that on December 12, 2024, the Company deposited $11,199.60 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 December 13, 2024 to January 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

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

Inception Growth Acquisition (IGTA) deposited $11,199.60 into its Trust Account on December 12, 2024.

What is the new business combination deadline for IGTA after the December 2024 extension?

Following the extension, IGTA's new business combination deadline is January 13, 2025.

How long is the extension period granted to IGTA in December 2024?

IGTA received a one-month extension period, moving the deadline from December 13, 2024, to January 13, 2025.

Why did IGTA extend its business combination period in December 2024?

IGTA extended the period to provide additional time for the company to complete a business combination.

When did IGTA make the trust account deposit for the December 2024 extension?

IGTA made the trust account deposit on December 12, 2024.