Inception Growth Acquisition Limited Announces Postponement of the Special Meeting to July 14, 2025 and Extension of Redemption Request Deadline
Inception Growth Acquisition Limited (NASDAQ:IGTA), a blank check company, has announced the postponement of its special meeting of shareholders from July 1, 2025, to July 14, 2025. The meeting concerns the proposed business combination with AgileAlgo Holdings Ltd.
Key updates include a correction to the per share redemption price from $13.18 to $12.09, and an extension of the redemption request deadline to July 10, 2025. The record date remains May 27, 2025, and previously cast votes will remain valid unless revoked.
Inception Growth Acquisition Limited (NASDAQ:IGTA), una società di tipo blank check, ha annunciato il rinvio della sua assemblea speciale degli azionisti dal 1° luglio 2025 al 14 luglio 2025. L'assemblea riguarda la proposta di fusione aziendale con AgileAlgo Holdings Ltd.
Gli aggiornamenti principali includono una correzione del prezzo di riscatto per azione, che passa da 13,18$ a 12,09$, e un'estensione della scadenza per la richiesta di riscatto fino al 10 luglio 2025. La data di riferimento rimane il 27 maggio 2025 e i voti già espressi resteranno validi a meno che non vengano revocati.
Inception Growth Acquisition Limited (NASDAQ:IGTA), una empresa de cheque en blanco, ha anunciado el aplazamiento de su junta especial de accionistas del 1 de julio de 2025 al 14 de julio de 2025. La reunión se refiere a la propuesta de combinación empresarial con AgileAlgo Holdings Ltd.
Las actualizaciones clave incluyen una corrección en el precio de redención por acción, que cambia de $13.18 a $12.09, y una extensión del plazo para solicitar la redención hasta el 10 de julio de 2025. La fecha de registro sigue siendo el 27 de mayo de 2025 y los votos ya emitidos seguirán siendo válidos a menos que se revoquen.
Inception Growth Acquisition Limited (NASDAQ:IGTA), 블랭크 체크 회사는 주주 특별 총회를 2025년 7월 1일에서 2025년 7월 14일로 연기한다고 발표했습니다. 이 총회는 AgileAlgo Holdings Ltd와의 사업 결합 제안과 관련이 있습니다.
주요 업데이트로는 주당 환매 가격이 $13.18에서 $12.09로 수정되었고, 환매 요청 마감일이 2025년 7월 10일로 연장되었습니다. 기준일은 2025년 5월 27일로 유지되며, 이전에 투표한 표는 철회하지 않는 한 유효합니다.
Inception Growth Acquisition Limited (NASDAQ:IGTA), une société à chèque en blanc, a annoncé le report de son assemblée générale extraordinaire des actionnaires du 1er juillet 2025 au 14 juillet 2025. Cette réunion concerne la proposition de fusion avec AgileAlgo Holdings Ltd.
Les principales mises à jour incluent une correction du prix de rachat par action, passant de 13,18 $ à 12,09 $, ainsi qu'une extension de la date limite de demande de rachat au 10 juillet 2025. La date d’enregistrement reste fixée au 27 mai 2025, et les votes déjà exprimés resteront valides sauf révocation.
Inception Growth Acquisition Limited (NASDAQ:IGTA), ein Blankoscheckunternehmen, hat die Verschiebung seiner außerordentlichen Hauptversammlung der Aktionäre vom 1. Juli 2025 auf den 14. Juli 2025 bekannt gegeben. Die Versammlung betrifft die vorgeschlagene Unternehmenszusammenführung mit AgileAlgo Holdings Ltd.
Wichtige Aktualisierungen umfassen eine Korrektur des Rückkaufpreises pro Aktie von 13,18 $ auf 12,09 $ sowie eine Verlängerung der Frist für Rückkaufanträge bis zum 10. Juli 2025. Das Stichtagsdatum bleibt der 27. Mai 2025, und bereits abgegebene Stimmen bleiben gültig, sofern sie nicht widerrufen werden.
- None.
- Downward revision of redemption price from $13.18 to $12.09 per share
- Delay in special meeting indicating potential complications in the business combination process
Insights
IGTA's meeting postponement reveals a lower redemption price of $12.09 versus previously stated $13.18, potentially affecting shareholder decisions.
Inception Growth Acquisition Limited has delayed its special meeting regarding the proposed business combination with AgileAlgo Holdings Ltd by two weeks, moving from July 1 to July 14, 2025. The most significant development is the correction of the per share redemption price from
This price correction materially changes the financial calculus for SPAC investors contemplating redemption. The
The postponement follows the company's annual meeting held on June 5, 2025, suggesting possible complications or feedback received during that meeting. While no changes were made to the actual business combination proposals, the redemption price adjustment indicates potential issues with the SPAC's trust account calculations or accrued interest estimates.
For current shareholders, this development necessitates a careful reassessment of redemption versus holding through the business combination with AgileAlgo Holdings. The
New York, June 26, 2025 (GLOBE NEWSWIRE) -- Inception Growth Acquisition Limited (the “Company”), a blank check company, today announced that its previously announced special meeting of shareholders (the “Special Meeting”) will be postponed from 10:00 a.m. Hong Kong Time on July 1, 2025 to 10:00 a.m. Hong Kong Time on July 14, 2025 to provide stockholders with additional time to review the supplement (the “Supplement”) to the definitive proxy statement (the “Original Proxy Statement”), which was filed with the Securities and Exchange Commission (the “SEC”) on June 25, 2025. The Supplement corrects, among other things, the per share redemption price from
There is no change to the location, the record date or any of the other proposals to be acted upon at the Special Meeting. The physical location of the Special Meeting remains at the offices of Loeb & Loeb LLP, 2206-19 Jardine House, 1 Connaught Place Central, Hong Kong SAR, and virtually via teleconference using the following dial-in information:
| US Toll Free | +1 866 213 0992 | |||
| Hong Kong Toll | +852 2112 1888 | |||
| Participant Passcode | 2910077# |
The Special Meeting is being held for the purpose of considering and voting on, among other proposals, proposals to approve the Company’s proposed business combination with AgileAlgo Holdings Ltd.
The record date for determining the Company stockholders entitled to receive notice of and to vote at the Special Meeting remains the close of business on May 27, 2025 (the “Record Date”). Stockholders as of the Record Date are eligible to vote, even if they have subsequently sold their shares. Stockholders who have already submitted their proxies or voted and do not wish to change their vote need not take any further action. All previously cast votes associated with the Special Meeting remain valid for the Special Meeting, unless revoked as described in the Original Proxy Statement or the Supplement. Stockholders who have not yet voted are urged to submit their votes promptly.
As a result of the postponement, the deadline for delivery of redemption requests from the Company’s stockholders in connection with the proposed business combination has been extended from June 27, 2025 (two business days before the originally scheduled Special Meeting) to July 10, 2025 (two business days before the postponed Special Meeting). Stockholders who have already submitted redemption requests may revoke such requests prior to the new deadline in accordance with the procedures described in the Original Proxy Statement filed with the SEC on May 27, 2025, and the Supplement.
If you have questions regarding the certification of your position or delivery of your shares, please contact:
Continental Stock Transfer & Trust Company, LLC
1 State Street 30th Floor
New York, NY 10004-1561
E-mail: spacredemptions@continentalstock.com
Stockholders are advised to review the Supplement carefully and to consider it together with the Original Proxy Statement, both available on the SEC’s EDGAR database at www.sec.gov, for complete details regarding the postponement, the corrected redemption price, the updated redemption deadline, and other corrected and updated information.
The Company’s stockholders who have questions regarding the postponement, the Special Meeting, or would like to request documents may contact the Company’s proxy solicitor, Advantage Proxy, Inc., at (877) 870-8565, or banks and brokers can call (206) 870-8565, or by email at ksmith@advantageproxy.com.
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 but not limited to the date of the Special Meeting, 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.
Additional Information and Where to Find It
On May 27, 2025, the Company filed the Original Proxy Statement with the SEC in connection with its solicitation of proxies for the Special Meeting. On June 26, 2025, the Company filed the Supplement to provide information about, among other things, the postponement of the Special Meeting, the extension of redemption request deadline, and the corrected per share redemption price. INVESTORS AND SECURITY HOLDERS OF THE COMPANY ARE URGED TO READ THE SUPPLEMENT, THE ORIGINAL PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND OTHER DOCUMENTS THE COMPANY FILES WITH THE SEC CAREFULLY IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE AS THEY WILL CONTAIN IMPORTANT INFORMATION. Investors and security holders will be able to obtain free copies of the definitive proxy statement (including any amendments or supplements thereto) and other documents filed with the SEC through the web site maintained by the SEC at www.sec.gov or by contacting the Company’s proxy solicitor.
Participants in the Solicitation
The Company and its respective directors and officers may be deemed to be participants in the solicitation of proxies from shareholders in connection with the Special Meeting. Additional information regarding the identity of these potential participants and their direct or indirect interests, by security holdings or otherwise, is set forth in the definitive proxy statement. You may obtain free copies of these documents using the sources indicated above.
Contact
Inception Growth Acquisition Limited
Investor Relationship Department
(315) 636-6638
FAQ
What is the new date for IGTA's special meeting of shareholders?
What is the new redemption price for IGTA shares?
When is the new deadline for IGTA shareholders to submit redemption requests?
What is the purpose of IGTA's special meeting?
Do IGTA shareholders need to revote if they've already submitted their votes?
