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

Rhea-AI Summary

Inception Growth Acquisition (NASDAQ: IGTA) has announced a strategic move to extend its business combination timeline. The company deposited $50,000 into its Trust Account on November 12, 2024, effectively extending the period to complete a business combination by one month, from November 13, 2024 to December 13, 2024. This extension aims to provide additional time for the company to finalize a business combination.

New York, Nov. 13, 2024 (GLOBE NEWSWIRE) -- Inception Growth Acquisition Limited (NASDAQ: IGTA, the “Company”), a publicly traded special purpose acquisition company, announced today that on November 12, 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 November 13, 2024 to December 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 is the new deadline for Inception Growth Acquisition (IGTA) to complete its business combination?

The new deadline for IGTA to complete its business combination is December 13, 2024, following a one-month extension from the previous November 13, 2024 deadline.

How much did IGTA deposit to extend its business combination period in November 2024?

IGTA deposited $50,000 into its Trust Account on November 12, 2024, to secure a one-month extension for completing a business combination.

When did IGTA make the trust account deposit for the extension period?

IGTA made the trust account deposit on November 12, 2024.

What is the purpose of IGTA's November 2024 trust account deposit?

The purpose of the deposit was to extend the period IGTA has to complete a business combination by one additional month, providing more time to finalize the process.