Inception Growth Acquisition Ltd. Files 8-K
Ticker: IGTAW · Form: 8-K · Filed: Dec 2, 2024 · CIK: 1866838
| Field | Detail |
|---|---|
| Company | Inception Growth Acquisition Ltd (IGTAW) |
| Form Type | 8-K |
| Filed Date | Dec 2, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.0001, $11.50, $0.04 m |
| Sentiment | neutral |
Sentiment: neutral
Topics: spac, corporate-structure, filing
Related Tickers: IGTA
TL;DR
SPAC Inception Growth Acquisition Ltd. filed an 8-K detailing its stock, warrants, and rights structure.
AI Summary
Inception Growth Acquisition Ltd. filed an 8-K on December 2, 2024, reporting on its status as a blank check company. The filing details its corporate structure, including common stock, redeemable warrants exercisable at $11.50, and rights to receive a tenth of a share of common stock. The company is incorporated in Delaware and its fiscal year ends on December 31.
Why It Matters
This 8-K filing provides an update on the corporate structure and financial instruments of Inception Growth Acquisition Ltd., a special purpose acquisition company.
Risk Assessment
Risk Level: low — This is a routine corporate filing that does not contain significant new financial information or strategic changes.
Key Numbers
- 0.0001 — Par Value of Common Stock (Indicates the nominal value per share of common stock.)
- 11.50 — Warrant Exercise Price (The price at which redeemable warrants can be exercised.)
- 1/10 — Right to Common Stock (Specifies the fraction of a common stock share a right entitles the holder to.)
Key Players & Entities
- Inception Growth Acquisition Ltd. (company) — Registrant
- December 2, 2024 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of incorporation
- 001-41134 (filing_id) — Commission File Number
- $11.50 (dollar_amount) — Redeemable warrant exercise price
FAQ
What is the primary purpose of this 8-K filing for Inception Growth Acquisition Ltd.?
The primary purpose is to report on the company's status as a blank check company and detail its corporate structure, including common stock, redeemable warrants, and rights.
What is the exercise price for the redeemable warrants issued by Inception Growth Acquisition Ltd.?
The redeemable warrants are exercisable for one share of common stock at an exercise price of $11.50.
What jurisdiction is Inception Growth Acquisition Ltd. incorporated in?
Inception Growth Acquisition Ltd. is incorporated in Delaware.
What does each right entitle a holder to receive?
Each right entitles the holder to receive one-tenth of a share of common stock.
When is the earliest event reported in this filing?
The earliest event reported in this filing is dated December 2, 2024.
Filing Stats: 606 words · 2 min read · ~2 pages · Grade level 15.6 · Accepted 2024-12-02 16:10:26
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
- $0.04 m — st Account an aggregate amount equal to $0.04 multiplied by the number of shares of com
Filing Documents
- ea0223316-8k425_incept.htm (8-K) — 36KB
- 0001213900-24-104556.txt ( ) — 265KB
- igta-20241202.xsd (EX-101.SCH) — 4KB
- igta-20241202_def.xml (EX-101.DEF) — 27KB
- igta-20241202_lab.xml (EX-101.LAB) — 38KB
- igta-20241202_pre.xml (EX-101.PRE) — 26KB
- ea0223316-8k425_incept_htm.xml (XML) — 9KB
01. Other Events
Item 8.01. Other Events On December 2, 2024, Inception Growth Acquisition Limited (the "Company"), in connection with its special meeting of stockholders to be held on December 6, 2024 (the "Special Meeting") for the purpose of approving the proposals set forth in the Company's definitive proxy proxy statement with the SEC. The supplement to its definitive proxy statement proposes to provide the Company with the discretion to extend the date on which to commence liquidating the trust account (the "Trust Account") established in connection with the IPO by six (6) times for an additional one (1) month each time from the Current Termination Date to the Extended Date by depositing into the Trust Account an aggregate amount equal to $0.04 multiplied by the number of shares of common stock issued in the IPO that have not been redeemed for each one-month extension. All capitalized terms not defined herein shall have the respective meanings ascribed to them in the Company's December 2, 2024 supplement to its definitive proxy statement. 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: December 2, 2024 2