Inception Growth Acquisition Ltd. Enters Material Agreement

TL;DR

IGTA just signed a big deal, creating a new financial obligation.

AI Summary

Inception Growth Acquisition Ltd. entered into a Material Definitive Agreement on March 12, 2024. This agreement creates a direct financial obligation for the registrant. The filing also details the company's capital structure, including common stock, redeemable warrants, and rights.

Why It Matters

This filing indicates a significant new financial commitment or obligation for Inception Growth Acquisition Ltd., which could impact its financial standing and future operations.

Risk Assessment

Risk Level: medium — Entering into material definitive agreements and creating financial obligations can introduce new risks related to the terms of the agreement and the company's ability to meet them.

Key Numbers

• 0.0001 — Par Value of Common Stock (Indicates the nominal value assigned to each share of common stock.)
• 11.50 — Warrant Exercise Price (The price at which holders can exercise their redeemable warrants to purchase common stock.)

Key Players & Entities

• Inception Growth Acquisition Ltd. (company) — Registrant
• March 12, 2024 (date) — Date of earliest event reported
• 0.0001 (dollar_amount) — Par value of common stock
• 11.50 (dollar_amount) — Exercise price of redeemable warrants

FAQ

Key Financial Figures

• $0.0001 — onsisting of one share of common stock, $0.0001 par value, one-half (1/2) of one redeem
• $11.50 — of common stock at an exercise price of $11.50 IGTAW The Nasdaq Stock Market LLC
• $400,000 — te in the aggregate principal amount of $400,000 (the "Note") to Soul Venture Partners L

Filing Documents

• ea0201657-8k_inception.htm (8-K) — 37KB
• ea020165701ex10-1_inception.htm (EX-10.1) — 25KB
• 0001213900-24-021974.txt ( ) — 298KB
• igta-20240312.xsd (EX-101.SCH) — 4KB
• igta-20240312_def.xml (EX-101.DEF) — 27KB
• igta-20240312_lab.xml (EX-101.LAB) — 38KB
• igta-20240312_pre.xml (EX-101.PRE) — 26KB
• ea0201657-8k_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 March 12, 2024, Inception Growth Acquisition Limited (the "Company") issued an unsecured promissory note in the aggregate principal amount of $400,000 (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 April 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 March 12, 2024 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: March 13, 2024 2

View Full Filing

View this 8-K filing on SEC EDGAR