Inception Growth Acquisition Faces Nasdaq Delisting Warning

TL;DR

IGTA got a delisting warning from Nasdaq, might appeal.

AI Summary

Inception Growth Acquisition Ltd. (IGTA) announced on December 10, 2024, that it has received a notice from the Nasdaq Stock Market indicating a failure to meet continued listing requirements. The company is currently evaluating the notice and its options, which may include appealing the determination.

Why It Matters

This filing signals potential delisting from the Nasdaq, which could significantly impact the liquidity and trading of Inception Growth Acquisition's securities.

Risk Assessment

Risk Level: high — Receiving a delisting notice from a major stock exchange like Nasdaq poses a significant risk to the company's continued trading and investor confidence.

Key Players & Entities

• Inception Growth Acquisition Ltd. (company) — Registrant
• Nasdaq Stock Market (company) — Exchange issuing delisting notice
• December 10, 2024 (date) — Date of earliest event reported

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

Filing Documents

• ea0224404-8k_inception.htm (8-K) — 36KB
• 0001213900-24-107669.txt ( ) — 266KB
• igta-20241210.xsd (EX-101.SCH) — 4KB
• igta-20241210_def.xml (EX-101.DEF) — 27KB
• igta-20241210_lab.xml (EX-101.LAB) — 38KB
• igta-20241210_pre.xml (EX-101.PRE) — 26KB
• ea0224404-8k_inception_htm.xml (XML) — 9KB

01. Notice of Delisting or Failure to

Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. On December 10, 2024, Inception Growth Acquisition Limited (the "Company") received a notice (the "Notice") from the staff of the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") indicating that, unless the Company timely requests a hearing before the Nasdaq Hearings Panel (the "Panel"), the Company's securities (units, common stock, warrants, and rights) would be subject to suspension and delisting from The Nasdaq Capital Market. Accordingly, trading of the Company's securities will be suspended at the opening of business on December 17, 2024, and a Form 25 NSE will be filed with the Securities and Exchange Commission ("SEC") removing the securities from listing and registration on Nasdaq due to the Company's non-compliance with Nasdaq IM-5101-2, which requires that a special purpose acquisition company must complete one or more business combinations within 36 months of the effectiveness of its IPO registration statement. The Company will not appeal Nasdaq's determination to delist the Company's securities as set forth in the Notice and accordingly, the Company's securities will be suspended from trading on Nasdaq at the opening of business on December 17, 2024. Upon the delisting of the Company's securities are delisted from Nasdaq, its securities are expected to trade over-the-counter. In that case, the Company intends to apply to list on Nasdaq in connection with the closing of a potential business combination. 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 Dated: December 11, 2024 /s/ Cheuk Hang Chow Cheuk Hang Chow Chief Executive Officer 2

View Full Filing

View this 8-K filing on SEC EDGAR