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 SPAC company, has announced a one-month extension to its business combination deadline. The company deposited $13,249.65 into its Trust Account on June 10, 2025, to extend the completion period from June 13, 2025, to July 13, 2025. This extension provides IGTA with additional time to finalize a potential business combination transaction.

Positive

• None.

Negative

• Company requires more time to complete business combination, indicating potential delays or challenges in finding/finalizing a suitable target
• Small trust account contribution of only $13,249.65 may indicate limited resources

New York, June 13, 2025 (GLOBE NEWSWIRE) -- Inception Growth Acquisition Limited (NASDAQ: IGTA, the “Company”), a publicly traded special purpose acquisition company, announced today that on June 10, 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 June 13, 2025 to July 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 Inception Growth Acquisition Limited (IGTA) to complete its business combination?

The new deadline for IGTA to complete its business combination is July 13, 2025, extended from the previous deadline of June 13, 2025.

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

IGTA deposited $13,249.65 into its Trust Account on June 10, 2025, to extend the business combination period by one month.

What happens if IGTA fails to complete a business combination by the new deadline?

If IGTA fails to complete a business combination by July 13, 2025, they may need to either seek another extension or liquidate the trust account and return funds to shareholders, as per typical SPAC regulations.

Why did Inception Growth Acquisition Limited (IGTA) extend its business combination period?

IGTA extended the period to provide additional time needed to complete a business combination, suggesting they need more time to identify or finalize a deal with a target company.