Harraden Circle Investors Discloses 5.0% Stake in Inception Growth Acquisition Ltd

TL;DR

**Harraden Circle Investors just bought 5.0% of Inception Growth Acquisition Ltd, signaling a new institutional bet on the SPAC.**

AI Summary

Harraden Circle Investors, LP, a New York-based investment group, has disclosed a significant stake in Inception Growth Acquisition Ltd (NASDAQ: IGTA), a blank check company. As of December 31, 2023, Harraden Circle Investors, LP, along with its affiliates Frederick V. Fortmiller, Jr., Harraden Circle Investors GP, LLC, and Harraden Circle Investors GP, LP, collectively own 5.0% of Inception Growth Acquisition Ltd's Class A Common Stock. This filing indicates a notable passive investment by Harraden Circle, signaling their belief in the SPAC's potential to identify and merge with a target company, which could impact the stock's future valuation.

Why It Matters

This filing reveals a new significant institutional investor, Harraden Circle Investors, LP, has taken a 5.0% stake in Inception Growth Acquisition Ltd, which can be seen as a vote of confidence in the SPAC's future prospects.

Risk Assessment

Risk Level: medium — While a new institutional investor can be positive, SPACs inherently carry medium to high risk due to the uncertainty of their future acquisition target.

Analyst Insight

A smart investor would monitor Inception Growth Acquisition Ltd for further news regarding a potential merger target, as a significant institutional stake like this often precedes positive developments or reflects confidence in the SPAC's ability to execute its strategy.

Key Numbers

• 5.0% — Ownership Stake (Percentage of Inception Growth Acquisition Ltd's Class A Common Stock owned by Harraden Circle Investors, LP and its group members.)
• December 31, 2023 — Event Date (The date on which the ownership threshold was met, triggering the SC 13G filing.)
• $0.0001 — Par Value (The par value per share of Inception Growth Acquisition Ltd's Class A Common Stock.)

Key Players & Entities

• Harraden Circle Investors, LP (company) — reporting person and investment group
• Inception Growth Acquisition Ltd (company) — subject company, a blank check company
• Frederick V. Fortmiller, Jr. (person) — group member of Harraden Circle Investors
• Harraden Circle Investors GP, LLC (company) — group member of Harraden Circle Investors
• Harraden Circle Investors GP, LP (company) — group member of Harraden Circle Investors
• 5.0% (dollar_amount) — percentage of Class A Common Stock owned
• December 31, 2023 (date) — date of event requiring the filing
• $0.0001 (dollar_amount) — par value per share of Class A Common Stock

Forward-Looking Statements

• Harraden Circle Investors, LP will maintain or increase its stake in Inception Growth Acquisition Ltd. (Harraden Circle Investors, LP) — medium confidence, target: Q2 2024
• Inception Growth Acquisition Ltd will announce a definitive merger agreement within the next 12 months. (Inception Growth Acquisition Ltd) — medium confidence, target: January 31, 2025

FAQ

Key Financial Figures

• $0.0001 — MITED Class A Common Stock, par value $0.0001 per share (Title of Class of Securiti

Filing Documents

• d699651dsc13g.htm (SC 13G) — 94KB
• d699651dex991.htm (EX-99.1) — 7KB
• 0001193125-24-020216.txt ( ) — 103KB

From the Filing

SC 13G 1 d699651dsc13g.htm SC 13G SC 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No.)* INCEPTION GROWTH ACQUISITION LIMITED Class A Common Stock, par value $0.0001 per share (Title of Class of Securities) 45333D104 (CUSIP Number) December 31, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: Rule 13d-1(b) Rule 13d-1(c) Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). Continued on following pages Page 1 of 11 Pages Exhibit Index: 10 Page SCHEDULE 13G CUSIP No. G5870E132 Page 2 of 11 Pages 1 NAMES OF REPORTING PERSONS Harraden Circle Investors, LP 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)(b) 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER 0 6 SHARED VOTING POWER 60,491 7 SOLE DISPOSITIVE POWER 0 8 SHARED DISPOSITIVE POWER 60,491 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 60,491 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 1.08% 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) PN SCHEDULE 13G CUSIP No. 45333D104 Page 3 of 11 Pages 1 NAMES OF REPORTING PERSONS Harraden Circle Investors GP, LP 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)(b) 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER 0 6 SHARED VOTING POWER 60,491 7 SOLE DISPOSITIVE POWER 0 8 SHARED DISPOSITIVE POWER 60,491 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 60,491 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 1.08% 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) PN, HC SCHEDULE 13G CUSIP No. 45333D104 Page 4 of 11 Pages 1 NAMES OF REPORTING PERSONS Harraden Circle Investors GP, LLC 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)(b) 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER 0 6 SHARED VOTING POWER 60,491 7 SOLE DISPOSITIVE POWER 0 8 SHARED DISPOSITIVE POWER 60,491 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 60,491 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 1.08% 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) OO, HC SCHEDULE 13G CUSIP No. 45333D104 Page 5 of 11 Pages 1 NAMES OF REPORTING PERSONS Harraden Circle Investments, LLC 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)(b) 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER 0 6 SHARED VOTING POWER 90,448 7 SOLE DISPOSITIVE POWER 0 8 SHARED DISPOSITIVE POWER 90,448 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 90,448 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 1.62% 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) OO, HC, IA SCHEDULE 13G CUSIP No. 45333D104 Page 6 of 11 Pages 1 NAMES OF REPORTING PERSONS Frederick V. Fortmiller, Jr. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)(b) 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States of America NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER 0 6 SHARED VOTING POWER 90,448 7 SOLE DISPOSITIVE POWER 0 8 SHARED DISPOSITIVE POWER 90,448 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 90,448 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 1.62% 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IN, HC SCHEDULE 13G CUSIP No. 4533

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View this SC 13G filing on SEC EDGAR