Inception Growth Acquisition Limited Announces Extension of Business Combination Period
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Inception Growth Acquisition Limited (NASDAQ: IGTA) announced that shareholders approved proposals to extend its business combination period. The SPAC received approval to extend the trust account liquidation deadline four times, each extension lasting one month, from June 13, 2025 to October 13, 2025. For each monthly extension, the company must deposit $0.075 per non-redeemed public share into the trust account. This extension provides IGTA additional time to complete a business combination. The approval was granted during the company's annual stockholder meeting held on June 5, 2025.
Inception Growth Acquisition Limited (NASDAQ: IGTA) ha annunciato che gli azionisti hanno approvato le proposte per estendere il periodo di combinazione aziendale. Lo SPAC ha ottenuto l'approvazione per estendere la scadenza di liquidazione del conto fiduciario quattro volte, con ogni estensione della durata di un mese, dal 13 giugno 2025 al 13 ottobre 2025. Per ogni estensione mensile, la società deve depositare 0,075 USD per ogni azione pubblica non riscattata nel conto fiduciario. Questa estensione offre a IGTA ulteriore tempo per completare la combinazione aziendale. L'approvazione è stata concessa durante l'assemblea annuale degli azionisti tenutasi il 5 giugno 2025.
Inception Growth Acquisition Limited (NASDAQ: IGTA) anunció que los accionistas aprobaron propuestas para extender su período de combinación de negocios. El SPAC recibió la aprobación para extender la fecha límite de liquidación de la cuenta fiduciaria cuatro veces, cada extensión por un mes, desde el 13 de junio de 2025 hasta el 13 de octubre de 2025. Por cada extensión mensual, la empresa debe depositar $0.075 por cada acción pública no redimida en la cuenta fiduciaria. Esta extensión brinda a IGTA tiempo adicional para completar una combinación de negocios. La aprobación se otorgó durante la reunión anual de accionistas de la compañía celebrada el 5 de junio de 2025.
Inception Growth Acquisition Limited (NASDAQ: IGTA)는 주주들이 사업 결합 기간 연장 제안을 승인했다고 발표했습니다. SPAC는 신탁 계좌 청산 기한을 네 차례 연장하는 승인을 받았으며, 각 연장 기간은 한 달씩으로 2025년 6월 13일부터 2025년 10월 13일까지입니다. 매월 연장 시 회사는 미환매 공공 주식 한 주당 0.075달러를 신탁 계좌에 입금해야 합니다. 이번 연장은 IGTA가 사업 결합을 완료할 추가 시간을 제공합니다. 승인은 2025년 6월 5일에 열린 회사 연례 주주총회에서 이루어졌습니다.
Inception Growth Acquisition Limited (NASDAQ : IGTA) a annoncé que les actionnaires ont approuvé les propositions visant à prolonger la période de combinaison d'entreprise. Le SPAC a obtenu l'approbation pour prolonger la date limite de liquidation du compte fiduciaire à quatre reprises, chaque prolongation durant un mois, du 13 juin 2025 au 13 octobre 2025. Pour chaque prolongation mensuelle, la société doit déposer 0,075 $ par action publique non rachetée sur le compte fiduciaire. Cette prolongation offre à IGTA un délai supplémentaire pour finaliser une combinaison d'entreprise. L'approbation a été accordée lors de l'assemblée annuelle des actionnaires de la société tenue le 5 juin 2025.
Inception Growth Acquisition Limited (NASDAQ: IGTA) gab bekannt, dass die Aktionäre Vorschläge zur Verlängerung der Frist für die Unternehmenszusammenschlussperiode genehmigt haben. Das SPAC erhielt die Genehmigung, die Liquidationsfrist des Treuhandkontos viermal zu verlängern, wobei jede Verlängerung einen Monat dauert, vom 13. Juni 2025 bis zum 13. Oktober 2025. Für jede monatliche Verlängerung muss das Unternehmen 0,075 USD pro nicht eingelöstem öffentlichen Anteil auf das Treuhandkonto einzahlen. Diese Verlängerung gibt IGTA zusätzliche Zeit, um den Unternehmenszusammenschluss abzuschließen. Die Genehmigung wurde während der jährlichen Hauptversammlung des Unternehmens am 5. Juni 2025 erteilt.
Positive
- None.
Negative
- Company requires additional time to find/complete a business combination, indicating potential challenges
- Additional costs required for extensions as $0.075 per share must be deposited for each month extended
New York, June 11, 2025 (GLOBE NEWSWIRE) -- Inception Growth Acquisition Limited (NASDAQ: IGTA, the “Company”), a publicly traded special purpose acquisition company, announced today that at its annual meeting of stockholders on June 5, 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 June 13, 2025 to October 13, 2025 by depositing into the trust account an aggregate amount equal to
Contact
Inception Growth Acquisition Limited
Investor Relationship Department
(315) 636-6638
FAQ
What did IGTA shareholders approve at the June 5, 2025 meeting?
Shareholders approved proposals to extend the trust account liquidation deadline by up to four one-month periods from June 13, 2025 to October 13, 2025
How much will IGTA have to deposit for each monthly extension?
For each monthly extension, IGTA must deposit $0.075 multiplied by the number of non-redeemed public shares into the trust account
When is IGTA's new deadline to complete a business combination?
With the approved extensions, IGTA can extend its deadline up to October 13, 2025, through four one-month extensions
What happens if IGTA doesn't complete a business combination by the deadline?
If IGTA fails to complete a business combination by the deadline, they would need to liquidate the trust account and return funds to shareholders
What is the purpose of IGTA's extension?
The extension provides additional time for IGTA to identify and complete a business combination
INCEPTION GROWTH ACQUSTN LTD