Inception Growth Acquisition Limited Announces Additional Contribution to Trust Account to Extend Business Combination Period

Rhea-AI Summary

Inception Growth Acquisition (NASDAQ: IGTA) announced on July 11, 2024, that it deposited $50,000 into its trust account on July 8, 2024. This deposit extends the period to complete its business combination from July 13, 2024, to August 13, 2024. This extension aims to provide the company with additional time to finalize a business combination.

New York, July 11, 2024 (GLOBE NEWSWIRE) -- Inception Growth Acquisition Limited (NASDAQ: IGTA, the “Company”), a publicly traded special purpose acquisition company, announced today that on July 8, 2024, the Company deposited $50,000 into the Company’s trust account (the “Trust Account”)  in order to extend the period of time the Company has to complete a business combination for an additional one (1) month period, from July 13, 2024 to August 13, 2024. The purpose of the extension is to provide additional time for the Company to complete a business combination.

About Inception Growth Acquisition Limited

Inception Growth Acquisition Limited is a blank check company incorporated under the laws of Delaware whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or entities. 

Forward Looking Statements

This press release includes forward-looking statements that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts. Such forward-looking statements, including the successful consummation of the Company’s initial public offering, are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.

Contact

Inception Growth Acquisition Limited
Investor Relationship Department
(315) 636-6638

FAQ

What did Inception Growth Acquisition announce on July 11, 2024?

Inception Growth Acquisition announced it deposited $50,000 into its trust account to extend the period for completing a business combination.

How much money did IGTA deposit into the trust account on July 8, 2024?

IGTA deposited $50,000 into the trust account.

Why did Inception Growth Acquisition extend the business combination period?

The extension aims to provide additional time for completing a business combination.

What is the new deadline for IGTA to complete its business combination?

The new deadline is August 13, 2024.

When was the initial deadline for IGTA's business combination before the extension?

The initial deadline was July 13, 2024.