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 January 9, 2025, effectively extending the period to complete a business combination by one month, from January 13, 2025 to February 13, 2025.

This extension provides the SPAC with additional time to finalize a business combination, demonstrating the company's commitment to completing a successful merger within the new timeframe.

New York, Jan. 10, 2025 (GLOBE NEWSWIRE) -- Inception Growth Acquisition Limited (NASDAQ: IGTA, the “Company”), a publicly traded special purpose acquisition company, announced today that on January 9, 2025, 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 January 13, 2025 to February 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?

IGTA deposited $11,199.60 into its Trust Account on January 9, 2025.

What is the new business combination deadline for IGTA after the January 2025 extension?

The new deadline for IGTA to complete a business combination is February 13, 2025.

How long is the extension period granted to IGTA in January 2025?

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

Why did IGTA extend its business combination period in January 2025?

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

When did IGTA make the trust account deposit for the deadline extension?

IGTA made the trust account deposit on January 9, 2025.