Here are the 10-Q quarterly reports from Inception Growth Acq Ltd (IGTA) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow IGTA and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full IGTA filings page.
Inception Growth Acquisition Limited (IGTA) reports a wider loss and rising liquidity pressure as it continues to pursue a merger with AgileAlgo. For the nine months ended September 30, 2025, the SPAC recorded a net loss of $866,786, compared with net income of $262,934 a year earlier, as lower dividend income from the trust and higher operating costs weighed on results.
Total assets fell to $2.27 million, including $2.20 million in the trust account, while current liabilities reached $4.90 million, leaving a shareholders’ deficit of about $7.09 million. Significant redemptions continued, with 103,328 public shares redeemed for roughly $1.24 million in 2025, further shrinking the trust.
The company has a signed business combination agreement with AgileAlgo for $160 million in share consideration, including an earnout of 2,000,000 shares tied to up to $15 million of revenue over a future three-quarter period. Multiple charter and trust amendments have extended its deal deadline, and management discloses substantial doubt about its ability to continue as a going concern given limited cash of $9,063, a working capital deficit of $4.84 million, and dependence on extensions and related-party funding.