Inception Growth Acquisition Limited Announces Extension of Business Combination Period

Rhea-AI Summary

Inception Growth Acquisition Limited (NASDAQ: IGTA) announced that stockholders at a special meeting on October 9, 2025 approved amendments to its certificate of incorporation and its investment management trust agreement to permit up to four one‑month extensions of the Trust Account liquidation date.

The extension authority allows the Company to extend the liquidation date from October 13, 2025 to February 13, 2026 by depositing into the Trust Account an aggregate amount equal to $0.075 per outstanding public share (the number of common shares issued in the IPO that have not been redeemed) for each one‑month extension. The stated purpose is to provide additional time to complete a business combination.

Positive

• Approved up to four one‑month extensions to Feb 13, 2026
• Extension provides additional time to complete a business combination

Negative

• Company must deposit $0.075 per outstanding public share for each month
• Monthly deposits will reduce Trust Account cash available for redemptions

New York, Oct. 14, 2025 (GLOBE NEWSWIRE) -- Inception Growth Acquisition Limited (NASDAQ: IGTA, the “Company”), a publicly traded special purpose acquisition company, announced today that at its special meeting of stockholders held on October 9, 2025 (the “Meeting”), the Company’s stockholders voted in favor of, among others, the proposals to amend (i) its amended and restated certificate of incorporation; and (ii) the investment management trust agreement with Continental Stock Transfer & Trust Company, giving the Company the right to extend the date on which to commence liquidating the trust account established in connection with the Company’s initial public offering (the “Trust Account”)  by four (4) times for an additional one (1) month each time from October 13, 2025 to February 13, 2026 by depositing into the trust account an aggregate amount equal to $0.075 multiplied by the number of common stock issued in the Company’s initial public offering that has not been redeemed for each one-month extension. The purpose of the extension is to provide additional time for the Company to complete a business combination.

Contact

Inception Growth Acquisition Limited
Investor Relationship Department
(315) 636-6638

FAQ

What did IGTA approve at the October 9, 2025 special meeting?

IGTA approved amendments allowing up to four one‑month extensions of the Trust Account liquidation date.

How long can IGTA extend the Trust Account liquidation date and until when?

IGTA can extend the date four times by one month each, moving the deadline from October 13, 2025 to February 13, 2026.

How much must IGTA deposit for each one‑month extension?

The Company must deposit an aggregate amount equal to $0.075 per public share not redeemed for each one‑month extension.

What is the purpose of IGTA's extension to February 13, 2026?

The company said the extension is to provide additional time to complete a business combination.

Will the extension affect shareholder redemptions for IGTA (NASDAQ: IGTA)?

Yes; the required monthly deposits are made into the Trust Account and will reduce funds available in that account for redemptions.

Who can investors contact for more information about IGTA's extension?

Investors can contact Inception Growth Acquisition Limited Investor Relationship Department at (315) 636-6638.