Igta Merger Sub Ltd (PRGY) — SEC Filings
Igta Merger Sub Ltd (PRGY) — 3 SEC filings. Latest: 10-Q (Nov 19, 2025). Sentiment: bearish. Includes 3 10-Q. Overall sentiment: bearish.
View Igta Merger Sub Ltd on SEC EDGAR
Overview
Igta Merger Sub Ltd (PRGY) is a publicly traded company tracked on ReadTheFiling. The most recent enriched filing is a 10-Q filed on Nov 19, 2025: IGTA Merger Sub Limited (PRGY) reported a significant increase in net loss for the nine months ended September 30, 2025, reaching $47,833, a substantial rise from the $3,950 net loss in the same period of 2024. This was primarily driven by a surge in formation, general, and administrative expenses,
Sentiment Summary
Across 3 filings, the sentiment breakdown is: 3 bearish. The dominant filing sentiment for Igta Merger Sub Ltd is bearish.
Filing Type Overview
Igta Merger Sub Ltd (PRGY) has filed 3 10-Q with the SEC between Jun 2025 to Nov 2025.
Recent SEC Filings (3)
| Date | Form | Description | Risk |
|---|---|---|---|
| Nov 19, 2025 | 10-Q | PRGY's Net Loss Soars Amidst Merger Delays and Going Concern Doubts | high |
| Aug 20, 2025 | 10-Q | PRGY's Losses Mount Amid Repeated SPAC Merger Delays | high |
| Jun 27, 2025 | 10-Q | PRGY Remains Shell Company, Reports No Revenue in Q1 2025 | high |
Risk Profile
Risk Assessment: Of PRGY's 3 recent filings, 3 were flagged as high-risk, 0 as medium-risk, and 0 as low-risk. The overall risk profile suggests elevated risk that warrants close monitoring.
Financial Highlights
| Metric | Value |
|---|---|
| Revenue | $0 |
| Net Income | $ (47,833) |
| EPS | $ (478) |
| Debt-to-Equity | N/A |
| Cash Position | N/A |
| Operating Margin | N/A |
| Total Assets | $0 |
| Total Debt | $0 |
Industry Context
IGTA Merger Sub Limited operates in the pre-revenue SPAC (Special Purpose Acquisition Company) or shell company sector, focused on facilitating a business combination. The broader fintech or technology sector, depending on AgileAlgo Holdings Limited's focus, is characterized by rapid innovation, intense competition, and evolving regulatory landscapes. Companies in this space often require significant capital for development and market penetration.
Top Tags
SPAC (2) · Going Concern (2) · Accumulated Deficit (2) · Early Stage Company (2) · British Virgin Islands (2) · Merger (1) · Net Loss (1) · Financial Risk (1) · Merger Delay (1) · Pre-Revenue (1)
Key Numbers
| Metric | Value | Context |
|---|---|---|
| Net Loss | $47,833 | Increased from $3,950 for the nine months ended September 30, 2024, indicating rising expenses without revenue. |
| Accumulated Deficit | $77,534 | Grew from $29,701 at December 31, 2024, highlighting the company's negative equity and lack of profitability. |
| Total Current Liabilities | $77,533 | Increased from $29,700 at December 31, 2024, reflecting higher accrued liabilities and amounts due to the parent company. |
| Merger Consideration | $160,000,000 | The total value to be paid to AgileAlgo Holdings' shareholders upon completion of the Business Combination. |
| Earnout Shares Percentage | 12.5% | Portion of Merger Consideration Shares subject to vesting based on future consolidated gross revenues. |
| Revenue Target for Earnout | $15,000,000 | Consolidated gross revenues required for full vesting of Earnout Shares over a three-fiscal-quarter period. |
| Ordinary Shares Outstanding | 100 | Remained constant, indicating no new equity issuance for the reported periods. |
| Pre-Paid Advance | $3,000,000 | Amount to be advanced by YA II PN, Ltd. under the Standby Equity Purchase Agreement. |
| Conversion Shares | 240,000 | Number of PubCo Ordinary Shares into which Sponsor loans will convert upon Closing. |
| EF Hutton Note | $500,000 | Promissory note issued to EF Hutton LLC as part of the deferred underwriting commission settlement. |
| Revenue Target | $15,000,000 | Threshold for full vesting of Earnout Shares |
| Amendments to Business Combination Agreement | 4 | Indicates repeated delays and renegotiations |
| Revenue | 0 | No revenue reported for the quarter ended March 31, 2025, indicating no operations. |
| Net Income | 0 | No net income reported, consistent with a shell company status. |
| Par Value per Share | $0.0001 | Low par value per share, typical for early-stage or shell companies. |
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Frequently Asked Questions
What are the latest SEC filings for Igta Merger Sub Ltd (PRGY)?
Igta Merger Sub Ltd has 3 recent SEC filings from Jun 2025 to Nov 2025, including 3 10-Q. Each filing includes an AI-generated plain-English summary.
What is the overall sentiment of PRGY filings?
Across 3 filings, the sentiment breakdown is: 3 bearish. The dominant sentiment is bearish.
Where can I find Igta Merger Sub Ltd SEC filings explained simply?
ReadTheFiling provides AI-powered plain-English summaries of all Igta Merger Sub Ltd (PRGY) SEC filings, including 10-K annual reports, 10-Q quarterly reports, 8-K current reports, and insider trades.
What are the key financial highlights for Igta Merger Sub Ltd?
Key financial highlights from Igta Merger Sub Ltd's most recent 10-Q include metrics such as revenue, net income, EPS, and debt ratios. Visit the filing detail page for the full breakdown.
What is the investment thesis for PRGY?
The investment thesis for PRGY includes bull, base, and bear case scenarios derived from AI analysis of recent SEC filings.
Who are the key executives at Igta Merger Sub Ltd?
Executive information for Igta Merger Sub Ltd is extracted from SEC filings as they are enriched with AI analysis.
What are the main risk factors for Igta Merger Sub Ltd stock?
Of PRGY's 3 assessed filings, 3 were flagged high-risk, 0 medium-risk, and 0 low-risk.
What are recent predictions and forward guidance from Igta Merger Sub Ltd?
Forward guidance and predictions for Igta Merger Sub Ltd are extracted from SEC filings as they are enriched.