Yakira Capital Updates Inception Growth Acquisition Stake

Ticker: IGTAW · Form: SC 13G/A · Filed: Jan 26, 2024 · CIK: 1866838

Inception Growth Acquisition Ltd SC 13G/A Filing Summary
FieldDetail
CompanyInception Growth Acquisition Ltd (IGTAW)
Form TypeSC 13G/A
Filed DateJan 26, 2024
Risk Levellow
Pages3
Reading Time4 min
Sentimentneutral

Complexity: simple

Sentiment: neutral

Topics: institutional-ownership, spac, amendment, beneficial-ownership

TL;DR

**Yakira Capital Management updated its Inception Growth Acquisition Ltd stake, showing continued institutional interest.**

AI Summary

Yakira Capital Management, Inc. filed an amended SC 13G/A on January 26, 2024, updating its beneficial ownership in Inception Growth Acquisition Ltd. The filing indicates that MAP 136 Segregated Portfolio, organized in the Cayman Islands, is a reporting person. This matters to investors because it provides transparency into significant institutional holdings, showing that a major investment firm continues to hold a position in the SPAC, which can influence market perception and liquidity.

Why It Matters

This filing provides transparency into institutional ownership, which can signal confidence or lack thereof in Inception Growth Acquisition Ltd's future prospects, especially as a SPAC seeks a merger target.

Risk Assessment

Risk Level: low — This is a routine update to an existing filing, indicating no immediate new risks but rather ongoing transparency.

Analyst Insight

Investors should monitor future 13G/A filings from Yakira Capital Management for changes in their beneficial ownership, as significant increases or decreases could signal shifts in institutional confidence in Inception Growth Acquisition Ltd's SPAC activities.

Key Players & Entities

  • Yakira Capital Management, Inc. (company) — the entity filing the SC 13G/A
  • Inception Growth Acquisition Ltd (company) — the subject company whose shares are being reported
  • MAP 136 Segregated Portfolio (company) — a reporting person organized in the Cayman Islands
  • NICHOLAS SABATINI (person) — CFO & CCO, authorized to receive notices for Yakira Capital Management, Inc.
  • April 5, 2023 (date) — Date of Event which Requires Filing of this Statement

Forward-Looking Statements

  • Yakira Capital Management, Inc. will continue to hold a significant stake in Inception Growth Acquisition Ltd. (Yakira Capital Management, Inc.) — medium confidence, target: 2025-01-26

FAQ

What type of filing is this and who filed it?

This is an SC 13G/A filing, an amendment to a Schedule 13G, filed by Yakira Capital Management, Inc. regarding its beneficial ownership in Inception Growth Acquisition Ltd.

What is the CUSIP number for Inception Growth Acquisition Ltd's Common Stock?

The CUSIP number for Inception Growth Acquisition Ltd's Common Stock is 45333D104, as stated in the filing.

When was the event that required this filing?

The date of the event which required the filing of this statement was April 5, 2023, as indicated in the document.

Who is the contact person for notices and communications for the reporting person?

Nicholas Sabatini, CFO & CCO, located at 1555 Post Road East, Suite 202, Westport, CT 06880, with phone number (203) 341-0702, is the authorized person to receive notices and communications.

Which rule under the Securities Exchange Act of 1934 is this Schedule filed pursuant to?

This Schedule is filed pursuant to Rule 13d-1(b) of the Securities Exchange Act of 1934, as indicated by the checked box in the filing.

Filing Stats: 927 words · 4 min read · ~3 pages · Grade level 7.8 · Accepted 2024-01-26 09:12:21

Filing Documents

Filing pursuant to §240.13d-1(b)

Item 3. Filing pursuant to §240.13d-1(b) If this (a) Broker or dealer registered under section 15 of the Act (15 U.S.D. 78o): (b) Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); (c) Insurance company as de fined in section 3(a)(19) of the Act (15 U.S.C. 78c); (d) Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8); (e) An investment adviser in accordance with Sec. 240.13d-1(b)(1)(ii)(E); (f) An employee benefit plan or endowment fund in accordance with Sec. 240.13d-1(b)(1)(ii)(F); (g) A parent holding company or control person in accordance with Sec. 240.13d-1(b)(1)(ii)(G); (h) A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) A non-U.S. institution in accordance with Sec. 240.13d-1(b)(1)(ii)(J); (k) Group, in accordance with Sec. 240.13d-1(b)(1)(ii)(J). Item 4. Ownership (a) Amount Beneficially Owned: 0 shares (b) Percent of Class: 0.00% (c) Number of shares to which the person has: (i) Sole power to vote or to direct the vote: 0 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition: 0 (iv) Shared power to dispose or to direct the disposition: 0 Item 5. Ownership of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following . Item 6. Ownership of More than Five Percent on Behalf of another Person. Not Applicable Item 7. Identification and Classification of the Subsidiary Which Acquired the Se

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