Inception Growth Acquisition enters non-redemption agreements to retain $400K shares in trust for extension vote

On March 3, 2023, Inception Growth Acquisition Limited (the “ Company ”) and Soul Venture Partners LLC (the “ Sponsor ”) entered into non-redemption agreements (“ Non-Redemption Agreement ”) with an unaffiliated third parties in exchange for such third party agreeing not to redeem an aggregate of 400,000 shares of the Company’s common stock (the “ Common Stock ”) sold in its initial public offering (“ Non-Redeemed Shares ”) in connection with the annual meeting of the stockholders called by the Company to be held on March 13, 2023 (the “ Meeting ”) to consider and approve, among other things, an amendment to the Company’s investment management trust agreement dated December 8, 2021, (the “ Trust Amendment Proposal ”) to extend the time for the Company to complete its initial business combination for a period of six months without having to make any payment to the trust account established in connection with the Company’s initial public offering.