Inception Growth Acquisition Limited
IGTAU
Other OTC2.31
USD
- -
- -
CIK
0001866838
ISIN
US45333D2036
CUSIP
45333D203
Return %
Stock
S&P500
1Y
-82.35
26.53
3Y
-77.77
76.60
5Y
-76.97
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Cheuk Hang Chow
- Full Time Employees
- 2
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 875 Washington Street New York City NY United States of America 10014
- IPO Date
- Dec 9, 2021
- CIK
- 0001866838
- Website
- inceptiongrowth1.com
- Similar Companies
- Business
- Inception Growth Acquisition Limited Inception Growth Acquisition Limited is a blank check company incorporated in Delaware that focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities, with an initial target search in a single industry such as technology, media and telecom, sports and entertainment, or non-gambling games; it conducts no significant operations and generates no revenue prior to completing an initial business combination. The company offers no current products or services beyond its SPAC structure, which provides a public listing vehicle for target companies through merger or acquisition transactions, including trust account management for IPO proceeds and extension mechanisms via sponsor contributions. Founded on March 4, 2021, and headquartered at 875 Washington Street in New York, NY, it operates principally in the United States while targeting opportunities connected to the Asian market, excluding entities with principal operations in China, Hong Kong or Macau. Inception Growth Acquisition Limited recently pursues a definitive business combination with AgileAlgo Holdings Limited, a British Virgin Islands company through its Singapore-based subsidiary AgileAlgo Pte Ltd that develops enterprise-grade natural language code generators using generative AI for machine-learning and data management platforms; the agreement, first announced September 12, 2023, aims to create Prodigy, Inc. listed on Nasdaq under PRGY, with AgileAlgo as a subsidiary. To advance the merger, the company executes multiple amendments, including extensions of the outside closing date to July 31, 2025 via Amendment No. 4, earnout period adjustments starting October 1, 2025 through June 30, 2026 via Amendment No. 6, and trust account extensions up to February 13, 2026 through monthly contributions of $0.075 per unredeemed share; it also secures a Standby Equity Purchase Agreement extension to January 21, 2025, converts sponsor loans from Soul Venture Partners LLC into post-merger common stock, issues a $420,000 non-interest-bearing promissory note to the sponsor, and agrees with EF Hutton LLC to settle deferred commissions via shares and a promissory note. Recent special stockholder meetings adjourn repeatedly, including to August 19, 2025 and earlier dates, to extend redemption deadlines and facilitate approvals amid ongoing preparations subject to customary closing conditions like shareholder approval and regulatory review.
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