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 August 13, 2025 to September 13, 2025, providing an additional month for the company to finalize a potential business combination.

Positive

• Company secured additional time to complete potential business combination
• Trust account received additional funding of $13,249.65

Negative

• Short extension period of only one month suggests possible urgency in completing a deal
• Additional capital required to maintain SPAC status

New York, Aug. 14, 2025 (GLOBE NEWSWIRE) -- Inception Growth Acquisition Limited (NASDAQ: IGTA, the “Company”), a publicly traded special purpose acquisition company, announced today that on August 11, 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 August 13, 2025 to September 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 after the extension?

The new deadline for IGTA's business combination is September 13, 2025, extended from August 13, 2025.

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

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

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

IGTA extended the period to provide additional time to complete a business combination, moving the deadline to September 13, 2025.

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

If IGTA doesn't complete a business combination by September 13, 2025, they may need to either seek another extension or potentially liquidate the SPAC and return funds to investors.