Inception Growth Acquisition Ltd Files DEF 14A

TL;DR

Inception Growth Acquisition Ltd (IGAC) filed its DEF 14A proxy statement on 11/18/24. No fee required.

AI Summary

Inception Growth Acquisition Ltd filed a Definitive Proxy Statement (DEF 14A) on November 18, 2024, for the fiscal year ending December 31, 2024. The company, a blank check company in the real estate and construction sector, is headquartered in New York, NY. The filing indicates no fee was required for this submission.

Why It Matters

This filing provides shareholders with important information regarding company matters, potentially including upcoming votes or proposals that could impact their investment.

Risk Assessment

Risk Level: low — This is a routine filing (DEF 14A) and does not inherently indicate new risks or significant changes.

Key Numbers

• 20241118 — Filing Date (Date the DEF 14A was filed with the SEC.)
• 20241206 — Report Period End (The period the proxy statement pertains to.)

Key Players & Entities

• Inception Growth Acquisition Ltd (company) — Registrant
• 0001866838 (company) — Central Index Key
• 875 WASHINGTON STREET (address) — Business and Mail Address
• NEW YORK (location) — City
• NY (location) — State
• 10014 (postal_code) — ZIP Code
• 315-636-6638 (phone_number) — Business Phone

FAQ

Key Financial Figures

• $0.03 m — st account an aggregate amount equal to $0.03 multiplied by the number of common stock
• $100,000 — trust account the lesser of (i) $100,000 and (ii) an aggregate amount equ
• $0.04 m — ii) an aggregate amount equal to $0.04 multiplied by the number of Public Share
• $50,000 — trust account the lesser of (i) $50,000 and (ii) an aggregate amount equ
• $11 — rice per Public Share was approximately $11.74, based on the aggregate amount on de
• $14,837,711.65 — t in the Trust Account of approximately $14,837,711.65 as of November 14, 2024 (including inte
• $11.42 — ares on Nasdaq on November 14, 2024 was $11.42. The Company cannot assure its stockhol
• $11.92 — quent liquidation will be approximately $11.92 per share, assuming no prior redemption

Filing Documents

• ea0220478-02.htm (DEF 14A) — 379KB
• 0001213900-24-099634.txt ( ) — 380KB

From the Filing

DEF 14A 1 ea0220478-02.htm PROXY STATEMENT UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________________ Schedule 14A _________________________________ Proxy Statement Pursuant to Section 14(a)  of the Securities Exchange Act of 1934 Filed by the Registrant   Filed by a Party other than the Registrant   Check the appropriate box:   Preliminary Proxy Statement   Confidential, for Use of the Commission Only (as permitted by Rule 14a -6 (e)(2))   Definitive Proxy Statement   Definitive Additional Materials   Soliciting Material Pursuant to §240.14a -12 INCEPTION GROWTH ACQUISITION LIMITED (Name of Registrant as Specified In Its Charter) _____________________________________________________________ (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check the appropriate box):   No fee required.   Fee paid previously with preliminary materials.   Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a -6 (i)(1) and 0 -11 .   INCEPTION GROWTH ACQUISITION LIMITED 875 Washington Street New York, NY November 18, 2024 Dear Stockholders: On behalf of the Board of Directors of Inception Growth Acquisition Limited (the “ Company ” or “ we ”), I hereby invite you to attend our Special Meeting of Stockholders (the “ Special Meeting ”). We hope you can join us. The Special Meeting will be held:   At:   Loeb & Loeb LLP, 2206 -19  Jardine House, 1 Connaught Place Central, Hong Kong SAR .     On:   December 6, 2024     Time:   10 a.m. local time The Notice of Special Meeting of Stockholders, the Proxy Statement and the proxy card accompanying this letter will be first mailed to our stockholders on or about November 20, 2024. As discussed in the enclosed Proxy Statement, the Special Meeting will be devoted to: (i)       A proposal to amend (the “ Charter Amendment Proposal ”) the Company’s amended and restated certificate of incorporation, as amended on September 8, 2023 and June 4, 2024 (the “ Charter ”) to extend the date by which the Company has to consummate a business combination (the “ Extension ”) from December 13, 2024 (the “ Current Termination Date ”) (the date that is 36 months from the closing date of the Company’s initial public offering (the “ IPO ”) to June 13, 2025 (the date that is 42 months from the closing date of the IPO) (the “ Extended Date ”). A copy of the proposed amendment to the Charter (the “ Charter Amendment ”) is attached hereto as  Annex A ; (ii)      A proposal to amend (the “ Trust Amendment Proposal ”) the Company’s investment management trust agreement (the “ Trust Agreement ”), dated as of December 8, 2021, by and between the Company and Continental Stock Transfer & Trust Company (the “ Trustee ”), as amended on March 13, 2023, September 8, 2023 and June 4, 2024, 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 $0.03 multiplied by the number of common stock issued in the IPO (each, a “ Public Share ”) that has not been redeemed (the “ Extension Payment ”) for each one -month  extension. A copy of the proposed amendment to the Trust Agreement (the “ Trust Amendment ”) is attached hereto as  Annex B ; and (iii)     To act on such other matters as may properly come before the meeting or any adjournment or adjournments thereof (the “ Adjournment Proposal ”). The Company’s IPO prospectus dated December 8, 2021 provides that the Company initially had until 15 months (or up to 21 months, if the Company extends the time to complete a business combination as described in the prospectus) from the closing of the IPO to complete its initial business combination. On March 13, 2023, the Company held its annual meeting of stockholders (the “ 2023 &#x0

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