Inception Growth Acquisition Ltd. Enters Material Definitive Agreement

TL;DR

**IGTA just signed a major deal, likely a merger, signaling a big change for the SPAC.**

AI Summary

Inception Growth Acquisition Ltd. (IGTA) filed an 8-K on January 29, 2024, reporting an "Entry into a Material Definitive Agreement" and "Creation of a Direct Financial Obligation" on January 24, 2024. This filing indicates that IGTA, a Special Purpose Acquisition Company (SPAC), has likely entered into a significant agreement, possibly a merger or acquisition, which could lead to a new operating company taking its place. For investors, this means the company is moving forward with its core mission, potentially transforming from a shell company into an active business, which could significantly impact its stock value depending on the target company.

Why It Matters

This filing signals that Inception Growth Acquisition Ltd. (IGTA) is progressing towards a business combination, which is the primary goal of a SPAC. The nature of the definitive agreement will determine the future prospects and valuation of the combined entity.

Risk Assessment

Risk Level: medium — While progress is good, the specific details of the material definitive agreement are not disclosed, introducing uncertainty about the target company and the terms of the deal.

Analyst Insight

A smart investor would monitor Inception Growth Acquisition Ltd. (IGTA) closely for the announcement of the specific terms and target company of the material definitive agreement, as this will be the key determinant of future value. Researching potential acquisition targets or industries of interest for SPACs in the 'BLANK CHECKS' category could also be beneficial.

Key Players & Entities

• Inception Growth Acquisition Ltd. (company) — the registrant filing the 8-K
• January 24, 2024 (date) — date of the earliest event reported
• January 29, 2024 (date) — date the 8-K was filed
• 001-41134 (other) — Commission File Number for Inception Growth Acquisition Ltd.

Forward-Looking Statements

• Inception Growth Acquisition Ltd. will announce the specific target of its material definitive agreement. (Inception Growth Acquisition Ltd.) — high confidence, target: 2024-04-29
• The stock price of IGTA will experience volatility upon the announcement of the definitive agreement's details. (IGTA) — medium confidence, target: 2024-07-29

FAQ

Key Financial Figures

• $0.0001 — onsisting of one share of common stock, $0.0001 par value , one-half (1/2) of one redee
• $11.50 — of common stock at an exercise price of $11.50 IGTAW The Nasdaq Stock Market LLC
• $420,000 — te in the aggregate principal amount of $420,000 (the "Note") to Soul Venture Partners L

Filing Documents

• ea192104-8k_inception.htm (8-K) — 37KB
• ea192104ex10-1_inception.htm (EX-10.1) — 27KB
• 0001213900-24-007160.txt ( ) — 301KB
• igta-20240124.xsd (EX-101.SCH) — 4KB
• igta-20240124_def.xml (EX-101.DEF) — 27KB
• igta-20240124_lab.xml (EX-101.LAB) — 38KB
• igta-20240124_pre.xml (EX-101.PRE) — 26KB
• ea192104-8k_inception_htm.xml (XML) — 9KB

01. Entry into a Material Definitive

Item 1.01. Entry into a Material Definitive Agreement. The disclosure contained in Item 2.03 is incorporated by reference in this Item 1.01

03 Creation of a Direct Financial Obligation

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. On January 24, 2024, Inception Growth Acquisition Limited (the "Company") issued an unsecured promissory note in the aggregate principal amount of $420,000 (the "Note") to Soul Venture Partners LLC, the Company's initial public offering sponsor ("Sponsor"). The Note does not bear interest and matures upon the closing of a business combination by the Company. In the event that the Company does not complete an initial business combination by February 13, 2024 (as such deadline may be further extended), the Note shall be deemed to be terminated and no amounts will thereafter be due from the Company to the Sponsor under the Note.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. Exhibit No. Description 10.1 Promissory note dated January 24, 202 4 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 1

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized. INCEPTION GROWTH ACQUISITION LIMITED By: /s/ Cheuk Hang Chow Name: Cheuk Hang Chow Title: Chief Executive Officer Date: January 29, 2024 2

View Full Filing

View this 8-K filing on SEC EDGAR