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Inception Growth Acquisition (Nasdaq: IGTAU) filed an 8-K disclosing a postponement of its July 1, 2025 special meeting to July 14, 2025 and a reduction in the per-share SPAC redemption price to $12.09 from $13.18.
The delay allows investors time to review a proxy supplement that corrects the redemption price, updates results of the June 5 annual meeting, and extends the redemption request deadline to July 10, 2025. Stockholders who already tendered for redemption may revoke by the new deadline. No other proposals, record date, or location of the meeting changed. A copy of the press release is furnished as Exhibit 99.1.
Inception Growth Acquisition (Nasdaq: IGTAU) filed definitive additional proxy materials that amend its 27 May 2025 proxy.
- Special Meeting postponed from 1 Jul 2025 to 14 Jul 2025; virtual and in-person options available.
- Redemption deadline extended to 10 Jul 2025.
- Per-share redemption price cut from $13.18 to about $12.09, reflecting the 24 Jun 2025 trust balance.
- 5 Jun 2025 annual meeting approved up to four one-month extensions (to 13 Oct 2025) at $0.075 per IPO share; first extension funded with $13,249.65; 103,328 shares redeemed.
- Core proposals unchanged: Redomestication to BVI, 16 M-share exchange for AgileAlgo, and Nasdaq approval for up to $30 M share issuance to Yorkville.
Record date remains 27 May 2025; previously cast votes stay valid.
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