Welcome to our dedicated page for Inception Growth Acquisition news (Ticker: IGTAU), a resource for investors and traders seeking the latest updates and insights on Inception Growth Acquisition stock.
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Inception Growth Acquisition Limited announced the closing of its initial public offering (IPO) on December 13, 2021, raising approximately $103.5 million by offering 9 million units at $10.00 each. Each unit comprises one share of common stock, half a redeemable warrant, and a right to receive additional stock upon a business combination. The underwriters fully exercised their over-allotment option for an additional 1.35 million units. The units are listed under the ticker symbol IGTAU on Nasdaq, marking the company's entry into the public market with plans to identify a target business in the TMT sectors.